Inverse Cup and Handle has formed for this stock since 17 March 2023.
The price breakdown took place on 23 June 2023.
Momentum is showing downside to come with the next support to R28.00
Price<200 21>7
RSI <50 lower highs
Target R27.38
ABOUT THE COMPANY
Sun International is a South African-based company primarily involved in the gaming and hospitality...
This Is A Speculation Of What PPC Could Be Looking Like For The Upcoming Months.
We Need To Wait For The Market To Seek The Liquidity Below Retesting On The 50% (RH_RL) (Price :460)
Or Price Will Reach For The 50% Of The Imbalance In Price (Price :417)
A Bullish Movement Should Be Expected
I'm Looking To Off-Load My Shares The 925 Level
DISCLAIMER ...
- Price is back at an area of resistance
- Bulls will need to keep up them momentum to break through is important level and possibly target the 200ma
- Im favouring the short side unless bulls can close above R13.50
JSE:OMU
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
