Head and Shoulders formed on SHP.
It broke below the neckline and now its been coming down on the downtrend.
We can expect the bounce up, before the downside.
200>21>7 - Bearish
RSI<50
Target R177.11
CONCERNS: The JSE ALSI is setting itself for upside due to the Symmetrical Triangle.
This might cause a disturbance in shorts with retailers but right now the bias remains short.
It broke below the neckline and now its been coming down on the downtrend.
We can expect the bounce up, before the downside.
200>21>7 - Bearish
RSI<50
Target R177.11
CONCERNS: The JSE ALSI is setting itself for upside due to the Symmetrical Triangle.
This might cause a disturbance in shorts with retailers but right now the bias remains short.
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.