Pretty self explanatory but here goes... Neckline of a massive head and shoulders pattern has been broken. A re-test of the neckline (187.00-190.00) will be the place to enter a short for a very large move down. I repeat...very large... Target1: R150.00 (conservative) Target2: R140.00 (aggressive) Target3: R100.00 (Ultra-aggressive)
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Eventhough IPL is ex dividend today, this Head and Shoulders is still playing out nicely...I'll be looking to take profit near 160.00. (we entered the trade at R188.00)