Having a look at the 30 Min short-term chart, it's encouraging to see some Positive Price Divergence.
That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price.
My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level.
While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation.
Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level.
That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price.
My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level.
While it may not be a straight shot up to the VWAP, I'd be happy to hold the shares at these levels, with less fear of a "Bearish Trend" continuation.
Shares can always take a sudden down-turn, so be cautious of any retracement below the 31.29 RSI Level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.