The Foschini Group, TFG 1. Price Formation: The price has broken out from a "W" price formation on a daily chart. The "W" pattern is considered a bullish reversal pattern, indicating a potential upward trend. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving...
AUDCAD - The Symmetrical Triangle Predicts a Dive to 0.83000 1. Price Formation: The price has broken down from a symmetrical triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is barely below the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average: The 200-day MA is...
MTN: Catching the Bullish Wave - Eyeing R159 Target! 1. Price Formation: The price has broken out from a Falling flag price formation on a daily chart. The "Falling flag" pattern is considered a bullish reversal pattern, indicating a potential upward trend. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign...
1. Price Formation: The price has broken out from a Cup and Handle price formation on a daily chart. The "Cup &Handle" pattern is considered a bullish reversal pattern, indicating a potential upward trend. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving...
NZDCHF Descending triangle pattern has formed, and the price has broken down (Bearish bias). The moving averages (MAS) are in the order of 7<21<200 (Bear). The RSI is below 50, indicating a bearish bias, Target is set at 0,50381.
NZDCHF Descending triangle pattern has formed, and the price has broken down (Bearish bias). The moving averages (MAS) are in the order of 7<21<200 (Bear). The RSI is below 50, indicating a bearish bias, Target is set at 0,50381 .
Bell Equipment W- formation has been confirmed and we have a price breakout to the upside: The MAS are 7>21>200 (Bullish) RSI <50 and a Target price of R18.00 Warning The uptrend from the September 2020 holds strong and provide support to price. However, the breakout candle’s wick size shows a high selling pressure despite a strong breakout which might...
EURCAD A falling wedge (and a Diamond) has been confirmed and we have a price breakout to the upside: The MAS are 7>21>200 (Bullish) RS >50 and a Target price of 1.5300