We have been trending down here as shown by the PIVOTS opening lower each week
This week we are looking at opening higher for the 1st time
This is one to watch
I would trade the breakout and retest of the POC if we break through in the week
Great stock to watch
Investec has formed a Trading Range (TR) after Preliminary Support (PS), Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST). There has been low absorption volume in Phase B and we have now seen a spring and test in Phase C. After the test is done we can expect a markup in the TR in Phase D to the top of the TR.
Investec PLC remains one of my favorite picks for 2019. Not only should we see value unlocking through its planned unbundling of the asset management business, but most analysts forecasts (Source: Thomson Reuters consensus) targets the share price, 25% higher in 12 months.
Technically, we’re seeing a nice little turn in the 50-day moving average (from downward...
Investec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa, and Australia as well as certain other countries. Investec plc is the controlling company of the majority of the group's non-Southern African...
After Monday's double top played out - the hourly chart is now in the process of forming a H&S = confirming LT short idea (see daily chart). Will add to my position (again) on a hourly close below R84.70. Target = R78, SL = R84.70