Trader-Dan

TRANSACTION CAPITAL - Broadening Formation

JSE:TCP   TRANSACTION CAPITAL LTD
TCP is trading at the bottom of a broadening formation pattern ....

Failure below R34 will not bode well for the bulls.

Price may have a relief leg on the short term downtrend (daily close above R37.70 confirms) or fade to the R34 and create a right shoulder / "Head & Shoulders" pattern

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