Afrimat showing a strong bounce up to R60.00
Cup and Handle formed on Afrimat following the downtrend that's been extended since 2022.
We then had a break above the Brim Level showing demand and buying was in play.
MAs -Mixed
RSI>50 But there are higher lows.
Target R60.00
SMC: SSL - Order Block This Sell Side Liquidity order Block is most apparent BELOW the entire formation. We can see sweeping of sells over the last month, and the buying into it has cause the price to rocket.
Afrimat is looking strong for upside.
We then had a break above the Brim Level showing demand and buying was in play.
MAs -Mixed
RSI>50 But there are higher lows.
Target R60.00
SMC: SSL - Order Block This Sell Side Liquidity order Block is most apparent BELOW the entire formation. We can see sweeping of sells over the last month, and the buying into it has cause the price to rocket.
Afrimat is looking strong for upside.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
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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