AWPEARCE1

RMI - 1W - INVERTED HEAD AND SHOULDERS

JSE:OUT   OUTSURANCE GROUP LIMITED
Rand Merchant Investment holdings moving in a sideways channel for some time now. Building a big right shoulder on this inverted head and shoulder formation. Since stochastics are in no mans land i will not enter trade quite yet. You could buy at the bottom of the channel and wait or buy at the breakout to the top which will also breach the 200 day MA, and confirm the Head and Shoulder formation. Targets to the top will be juicy.

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