AFRIMAT falling on the floor
Afrimat has formed another unusual and rare breakout pattern - Reverse Inv Cup and Handle.
This is where the handle is on the left and the cup is on the right...
The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come.
Looks like R22.00 is on the cards for the stock.
This is where the handle is on the left and the cup is on the right...
The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come.
Looks like R22.00 is on the cards for the stock.
✅ Facebook:
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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