It is shocking to see a stock soaring in an economy plagued with state capture scandals, corruption, uncertainty and all things junk. Notwithstanding the fact that i love South Africa, it is sadly true that most stocks on the JSE stock exchange are in bear market territory. Hence the shock i had when i opened this chart. I expect prices to move up as they...
This pair is at the crossroads, so we wait for either a break to the downside signaling a sell, or a bounce on the descending channel support to the upside signaling a buy. Either way, it's gonna fell like thanksgiving again!
Very rarely one gets a very special chart setup ... Impressive stuff!