JSE:TCP Transaction Capital Overbought

By SteynTrade
Following a repeating pattern, this trade has played out nicely (See links below). We have now reached the overbought line of the trend channel. With a throw-over and volume increase, this looks very climatic. This could possibly indicate the start of a trading range.
jsejsetcpSupply and DemandSupport and ResistanceTrend LinesVolume IndicatorVolumewyckoff
SteynTrade

Related publications

Disclaimer