The share had a good run from May 2020 rallying from R1,71 to peak at R13,00 in November 2021.
Since that peak, the share has made new highs but the bulls seem to not have the steam to break R14,00.
The three peaks at R13,00/R13,87/R13,75 can be viewed as a triple top and the MACD indicator has been flat in this price area.
This price formation calls for caution and for one to monitor price action at the neckline.
Since that peak, the share has made new highs but the bulls seem to not have the steam to break R14,00.
The three peaks at R13,00/R13,87/R13,75 can be viewed as a triple top and the MACD indicator has been flat in this price area.
This price formation calls for caution and for one to monitor price action at the neckline.
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