Possible SHS on JSE:AEL
Is it a possible SHOULDER-HEAD-SHOULDER forming?
The MACD very close to make a positive move which can be a signal to complete the shoulder on the right.
We might see a downtrend at the end of our second shoulder or maybe a retest and then a downtrend.
I am not sure where the reversal might end, but wherever it ends it could be a good buy in opportunity.
I am new to this, but let me know your thoughts and please don't take this as financial advice.
The MACD very close to make a positive move which can be a signal to complete the shoulder on the right.
We might see a downtrend at the end of our second shoulder or maybe a retest and then a downtrend.
I am not sure where the reversal might end, but wherever it ends it could be a good buy in opportunity.
I am new to this, but let me know your thoughts and please don't take this as financial advice.
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