UPDATE Murray and Roberts - Th big restest in play before upside
Since the last update, M&R was heading up on a smooth trajectory.
The bears probably thought it was going up too quickly and too soon.
So there is a temporary pause in the uptrend with the inv cup and handle.
We are likely to get an uptrend test to see if there are any sellers around that area.
If ther price bounces from there or anywhere around the higher low, we could see it continue with the current target at R4.75
The bears probably thought it was going up too quickly and too soon.
So there is a temporary pause in the uptrend with the inv cup and handle.
We are likely to get an uptrend test to see if there are any sellers around that area.
If ther price bounces from there or anywhere around the higher low, we could see it continue with the current target at R4.75
✅ 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)
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.
✅ 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)
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.