Cup and Handle has formed on the daily with Bidvest. The price has broken out and we are being a bit premature to go long, but the demand pressure is strong.
7>21>200MA Bullish signal
Target R258.13
Fundamentally, with the interest rate decision to pump up the market responded mostly positively for a short term view and this is probably because of the buying taking place from the positive fundamentals in America with a slow down rate with inflation, QE and interest rates.
We can only hope this bull run continues as we traders deserve it waiting all these months :D
CONCERNS:
The price has been moving in a solid sideways formation, which makes it a medium probability trade. I'll be only risking around 1.5% of my portfolio for this one.
7>21>200MA Bullish signal
Target R258.13
Fundamentally, with the interest rate decision to pump up the market responded mostly positively for a short term view and this is probably because of the buying taking place from the positive fundamentals in America with a slow down rate with inflation, QE and interest rates.
We can only hope this bull run continues as we traders deserve it waiting all these months :D
CONCERNS:
The price has been moving in a solid sideways formation, which makes it a medium probability trade. I'll be only risking around 1.5% of my portfolio for this one.
🌐NEW Website 2026:
mati-trader-new.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-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🌐NEW Website 2026:
mati-trader-new.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-new.lovable.app
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.