Added a chart for SGL guys.
There is actually 3 resistance lines it hasn't broken yet. The long term bull trendline (resistance) was also broken 5 days ago and it has been tested for 3 days now, and failed.
I dont like the setup at the moment. Just my view.
Hope I'm wrong, if your long
Thanks for that. I suppose two people can look at the same chart and see different things (unless it is a H&S on APN )... I still see it sitting tight on support although I must say the 50DMA crossing below the 100DMA is concerning. I don't expect it to just gap up and shoot the lights out - therefore I am lowering my profit taking target as well to around R25.
SGL_13May15.PNG 347.73KB
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