Long
SGL - Further to support my previous Cup and handle analysis
Looking at my previous support on Cup and Handle formation, this analysis may also support the suggestion.
The believe is that SGL reached it support line (R13.30 - R13.40) yesterday in its current bullish trend started Aug 2018 and also reach its downside of the handle formation (previous Cup and Handle analysis).
Hopefully is will not break through this support level en start turning back towards the resistance line of the trend (also upside turn in Cup and handle).
Should it keep above support line it may reach levels above R18.00 and even R21.00
Let see what will happen
This is just my opinion and no advice.
The believe is that SGL reached it support line (R13.30 - R13.40) yesterday in its current bullish trend started Aug 2018 and also reach its downside of the handle formation (previous Cup and Handle analysis).
Hopefully is will not break through this support level en start turning back towards the resistance line of the trend (also upside turn in Cup and handle).
Should it keep above support line it may reach levels above R18.00 and even R21.00
Let see what will happen
This is just my opinion and no advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.