JSE:AWA Arrowhead Properties Not One to Buy
Arrowhead Properties has still not reached the bottom and there is more pain to come. After a steady decline, a trading range (TR) formed after a selling climax (SC) in 2018 that gave some hope for a recovery but it turned out to be a redistribution TR. Volume has steadily decreased indicating no interest in the stock. After a break of the climax low and a backup (BU) this stock is ready for a further markdown.
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