W Formation formed and broke above.
We then had some whipsaws (jumps). The volatility of the markets showed that the stop loss needed to be wide and far from the general movements.
This is what keeps you from being shaken out.
Then other indicators showed upside to come including.
7>21 (Bullish)
Price >200 (Green)
RSI>50 (Green)
The target remains at R19.09....
Mustek has formed a W Formation and had broken up and out of the neckline
7>21 (Bullish) and Price >200 SMA (Green)
RSI>50 and plodding nicely up (Green)
Bullish momentum
Target R19.09
GENERAL COMPANY INFO
Mustek operates in the technology and electronics sector and is one of the largest distributors of IT products in South Africa.
The company's product...
