JSE:PSG Still Ranging?
PSG Group has been ranging since a selling climax (SC) in January 2018. Recently there was a change in character after a breakout of a small trading range with a minor sign of strength. Price has marked up to the top of the trading range defined by the Automatic Rally (AR) after the SC. However, supply is seen with some effort without response also indicated by the divergence with the Volume RSI. So it seems the TR could continue and we need to wait for Phase C still to develop.
Penafian
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