AFRIMAT - Observation
I will be cautious to the long side until bulls reclaim R50-R52 zone else the risk of big R42-45 level remains high.
Failure here triggers a very bearish head & shoulders pattern.
Alternatively, a larger symmetrical triangle could develop on this market favourite.
Failure here triggers a very bearish head & shoulders pattern.
Alternatively, a larger symmetrical triangle could develop on this market favourite.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.