Panjang
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.
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.