UPDATE: Barloworld M Formations! Not one but TWO for the down!
In May 2023, I wrote to you saying I epxect Barloworld to drop.
ANd if you had the patience and just invested in this short, would be paying nicely by now.
Not only because the price is down but also with the time held you could have made some interest income from the short.
Anyway, there is nothing more confirming than when you have a Bearish formation like the M Formation and then you have ANOTHER Double Top.
ANd since the price broke below the neckline, it's been carnage for Barloworld.
The target remains at R64.17. And if it breaks below, I'll write another trading analysis...
ANd if you had the patience and just invested in this short, would be paying nicely by now.
Not only because the price is down but also with the time held you could have made some interest income from the short.
Anyway, there is nothing more confirming than when you have a Bearish formation like the M Formation and then you have ANOTHER Double Top.
ANd since the price broke below the neckline, it's been carnage for Barloworld.
The target remains at R64.17. And if it breaks below, I'll write another trading analysis...
✅ 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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