Zeda is Printing a Possible Inverse Head and Shoulders Pattern which is Bullish. By Switching to a Simple Line Chart removes the Candle Clutter to reveal the pattern. The Chart Study should be self explanatory. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That...
Zeda is a car rental company unbundled and spun out of Barloworld with a fleet of 250 000 vehicles and 14 dealerships around South Africa. It holds the licence for the Avis brand in South Africa. The company is 55 years old and listed on the JSE on 13th December 2022, with Ramasela Ganda as its CEO. In its results for the year to 30th September 2023 the company...
Zeda is a car rental company unbundled and spun out of Barloworld with a fleet of 250 000 vehicles and 14 dealerships around South Africa. It holds the licence for the Avis brand in South Africa. The company is 55 years old and listed on the JSE on 13th December 2022, with Ramasela Ganda as its CEO. In its results for the six months to 31st March 2023 the company...
ZEDA is Printing an Inverse Head & Shoulder Pattern = Bullish. After my previous Analysis, this is an update. I've changed the chart to LINE so as to not show the Candle Clutter and make the Analysis easier to see. Also added some Charting TIP's I use in-case you didn't know them. Remember to use Stop-Loss Orders to minimise your Trading Risks. Invest Wisely and...
The stock has printed an interesting, inverted head and shoulders and its currently rising above the upsloping 20/50 ema's. While bulls hold it above R10.90 , the bull flag is likely to play out but for a longer term horizon, a stop below R10 would be preferable. The pattern targets R16 eventually. The inverse head and shoulders is a technical chart pattern...
ZEDA Resistance Breaks to the Upside. The Chart Shows the break-out. There must be a catalyst:- I heard on the news that AVIS is also Popping. No prediction as this early days. I hope the trend continues for those Invested. Comments and thoughts welcome. Regards Graham.