Spur Bull Box has formed and the price broke up and out of it.
7>21>200 - MA bullish
RSI>50 - Bullish
Target R23.96
CONCERNS:
This stock is definitely NOT in my trading list. The liquidity is low, the candles volatility are high.
The price jumps all over the place and doesn't show any strong signs it works with breakout patterns.
Also the price patterns can...
We have seen a long distribution trading range (TR) which formed from 2013 to 2018 that is now playing out to the downside. The markdown has now had a redistribution TR form and has reached the overbought line of the downward stride. Expecting the markdown to continue with a break of the TR.
