W Formation formed on Motus. This share is VERY slow with movement, I had to change the time frame to weekly. But the downtrend has broken, the uptrend (safety line) is in check and we have the price above both 20 and 200MA> All bullish signals with the target to R144.77
W Formation is clearly forming on Motus. The downtrend has broken and price is above the 20 and 200MA. We now need a clear break, close above and open above the neckline. Then we can easily set a target for the company at Target R144.77
As of this week, Motus is finally breaking up and out of the 17 month downtrend. It's also forming either a Triple bottom of Inverse Head and Shoulders. Once the price breaks above the neckline, we could see a strong move up. Price>20MA Price>200MA Bullish bias with a target of R144.77
Triple Bottom seems to be forming on Motus. The price has broken above the downtrend, showing the bulls are trying to get into control. Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom. Another clear sign of consolidation is the fight between the MAs......
Premature W Formation has formed on Motus. Right now it's battling between the sideways formation along with the resistance being the top of the trend line and the boss 200MA... Once it breaks above there, it will test the neckline. If it tackles through the neckline, only then will it look good enough for upside to come. But first, we need to wait for...
Triple Bottom has formed on Motus after the last few months. And just recently, the price has broken above the neckline of the pattern, This is bullish for an investor as there is extensive upside to come, by the looks of things. 7>21 bullish Price<200MA RSI>50 Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a...
From the last update on 23 February, we saw Motus form a Reverse Cup. The price broke below the brim level and the indicators were all negative. 21>7>200 - Bearish RSI<50 The price hit the target of R105.32 The trends are all down and bearish, and there is no incentive to buy the low on my charts. I don't believe in BTD (Buy the Dip). I believe in Buy high...
Reverse Cup and Handle formed on Motus. It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close. 21>7>200 - Bearish RSI<50 Target R105.32 ABOUT Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South...
Likely around a 40% upside potential, Take profit around 1.4$ Blue line is normal trendline support Red line is Log chart support Take profit is 0.5 - 0.618 Fib of previous bounce