W Formation formed (small but evident).
The price has broken above the neckline, showing strong buying and demand.
The indicators look good for upside on the peripheral.
7>21 - bullish
Price>200MA
RSI>50
1st Target R126.66
ABOUT:
Investec Limited was founded in 1974 and is headquartered in Johannesburg, South Africa.
Investec is a diversified financial...
Cup and Handle formed on a larger scale.
21>7 - Bearish
Price >200SMA - Bullish
RSI >50 -lower highs - Cautious
1st Target R142.49
Unfortunately, it's not looking good for the trade. It's close to the Stop loss.
It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart...
Falling Wedge is still in play with Investec.
We see 7>21 SMA - Bullish
Price >200SMA - Bullish
RSI >50 -lower highs - Cautious
1st Target R120.57
General Info:
Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services...
this video entails some of the large Assert Management Companies here in South Africa every week we are going to look at a specific sector on the JSE and try and break it down to find investment opportunities
im not a professional speaker but ill try to improve quality and analysis as time goes on
Investec has formed a Trading Range (TR) after Preliminary Support (PS), Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST). There has been low absorption volume in Phase B and we have now seen a spring and test in Phase C. After the test is done we can expect a markup in the TR in Phase D to the top of the TR.
