After a successful breakout and price reaching the first level of interest around R165 , the stock has given up gains to return to the breakout zone.
The chart has printed 2 bearish down days and could likely test the up sloping 20ema / 50ema.
Ideally bulls want these to hold these else a deeper pullback / reversal becomes a possibility.
Previous post in link attached
The chart has printed 2 bearish down days and could likely test the up sloping 20ema / 50ema.
Ideally bulls want these to hold these else a deeper pullback / reversal becomes a possibility.
Previous post in link attached
