Sell your car and buy this now!!!this is the most bullish chart ive ever seen... petrol price is maintaining the rising trend. monday will be funday
Imperial
IMO Strong Breakout to UpsideTwo big patterns can be identified on chart, one ascending one descending. Both are bullish.
Upon completion a large bull run ensues.
The previous chart pattern has just finished forming and breakout further up (green arrow) is occurring
VERY BEARISH IMPERIALPretty self explanatory but here goes...
Neckline of a massive head and shoulders pattern has been broken. A re-test of the neckline (187.00-190.00) will be the place to enter a short for a very large move down. I repeat...very large...
Target1: R150.00 (conservative)
Target2: R140.00 (aggressive)
Target3: R100.00 (Ultra-aggressive)
Good outlook for oversold Imperial Brands?Imperial Brands has faced a long decline over the past few months. Now we see a retracement zone at current levels. I wouldn't be suprised if we could soar in the near-term due to very oversold conditions. The Money Flow index is indicating as a non-lagging indicator that buying parties are flowing into the stock.
