$JSEQLT - Quilter: Growing Legs And Looking BullishSee link below for previous analysis
Since i started covering Quilter I have stated that a bottom looks in at 1661.
What followed was a prolonged period of sideways movement but price always held above 1661.
The breakout towards the end of 2024 has been decisive and the recent consolidation looks to be a good entry point as the bulls seem to have the initiative.
This chart looks bullish.
UPDATE Redefine Falling Flag break into a sideways range Falling Flag - Breakout took place on 18 Dec 2024.
The price stayed above 200MA but lingered between the range of 20MA.
We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears.
There is no strong indication when the price will rally but the analysis does remain the same until the price either hits the target or below the stop loss range.
The target is still set to R4.39.
UPDATE Hulamin showing strong upside after it's break upto R3.91We were very close to the analysis being null and void.
But then, we had a change of wind and the market bounced off the lows heading back to the range.
It then broke up and is now on the way to the next target at R3.91
Looks good still.
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