JSE:PRX formed a bearish harami on Thursday last week which is a top reversal signal. This was confirmed by the break through the upward trendline and the stochastic. This could mean a move downward for a while if confirmed by breaking below the low of last Wednesday.
PRX 134937c - RSI bearish divergence (daily chart) and rolling over - extended beyond upward trending channel. MoM +55%. Looking at a pullback.
- Interesting break of the down trend - I would like to see price come back and test this downtrend then continue up to enter a long JSE:PRX - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Equities | PRX Prosus 992.47 - is attempting a recovering. System signaling RSI (Daily) attempting to cross above the 30 level - Bullish divergence as per RSI - Candle structure sees long tail/shadow being developed today