On 29-Aug we saw a false break to the upside. The price has since pulled back to the rising support line going back to 02-April of which we are currently seeing a back-test. Year-to-date, we have also seen a large rising wedge pattern develop as well as a large channel. On a short term basis, we are seeing the price (today and yesterday's candle) consolidating and starting to fail in regaining the upward trend line - although I could be a bit early in calling this. Time to hand over the leadership?
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Please feel free to contact the Unum Trading desk for any Trading related queries : 011 384 29 29
Unum Capital. An authorised South African Financial Services Provider (FSP 564)
________________________________________________________________________________________
Please feel free to contact the Unum Trading desk for any Trading related queries : 011 384 29 29
Unum Capital. An authorised South African Financial Services Provider (FSP 564)
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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.