MSM - MASSMART - Looking for a reversal candle? (2.8 : 1)
Massmart reached a new 9 month high around Christmas after breaking out of the ascending triangle pattern but the price has since come down to test the ~R42.00 support.
A reversal candle off the R42.00 support offers a high risk to reward entry back to the initial ascending triangle target of ~R48.60.
A reversal candle off the R42.00 support offers a high risk to reward entry back to the initial ascending triangle target of ~R48.60.
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