Could trade down to R72 to R65 (horizontal dotted lines). This is a previous major supply zone that saw a breakthrough in Feb-2021. The current retracement could be viewed as a back-test. Share -25% month to date on the back of lower metal prices and a downgrade of output.
I'm monitoring for print in the aforementioned range and a potential rebound trade.
I'm monitoring for print in the aforementioned range and a potential rebound trade.
