Bearish engulfing candle at resistance.

Par RossLarter
Mis à jour
After a few doji candles, MTN has developed a bearish engulfing candle at a resistance level. This is the sign of a possible reversal. I will keep an eye on this and if it breaks lower, I will consider a short position taking it all the way to either the 200SMA or the support level at around 5500.
Trade fermée manuellement
It seems to have changed direction and we are now looking at a cup and handle pattern forming
ALSICandlestick AnalysisjseMTNsouthafricaSupport and ResistanceZAR
RossLarter
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