JSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern.
"As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout...
Investec has had a nice little run of late, but it is now consolidating at resistance formed by the 89 & 100 day moving averages. Last time this happened in November, we saw the share come under significant pressure. Price has also stalled at the 61.8 fib retracement of the most recent swing high and low. Volume has been very light on the way up which makes me...
Investec Ltd has retraced back up to it's 89/100 day moving averages which previously provided resistance in November last year. We have seen price consolidate under these moving averages after having retraced 61.8% of the move from its most recent swing highs and lows. RSI indicator is starting to form some divergence and turning lower. Looks to me like we should...
