SteynTrade

JSE:CLS Clicks Stop Run

Long
JSE:CLS   CLICKS GROUP LTD
After finding support at the yearly pivot point I thought we had seen the spring and the markup is to follow. However, we have had a stop loss run where large interests were hunting stop losses to generate more liquidity and accumulate more shares. A break back above the 200 Day SMA and yearly pivot point could be the start of the markup. Clicks is stronger than the Top 40 and negative divergence on the Volume RSI also indicate and an increase is due.

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