Triple Bottom has formed on Motus after the last few months.
And just recently, the price has broken above the neckline of the pattern,
This is bullish for an investor as there is extensive upside to come, by the looks of things.
7>21 bullish
Price<200MA
RSI>50
Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a...
From the last update on 23 February, we saw Motus form a Reverse Cup.
The price broke below the brim level and the indicators were all negative.
21>7>200 - Bearish
RSI<50
The price hit the target of R105.32
The trends are all down and bearish, and there is no incentive to buy the low on my charts. I don't believe in BTD (Buy the Dip). I believe in Buy high...
Reverse Cup and Handle formed on Motus.
It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close.
21>7>200 - Bearish
RSI<50
Target R105.32
ABOUT
Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South...
