$JSECFR Richemont. Fake break or retest ?

COMPAGNIE FINANCIERE RICHEMONT SA (JSE:CFR)

Updated

JSE:CFR COMPAGNIE FINANCIERE RICHEMONT SA

Chart Patterns Equity

chartpattern equity

This could be either a flag break retest or a fake break. If the retest holds, targets could be 12450, 12900. If it break back into flag, consolidation could continue and the long trade id off the table.

Comment:

First target reached

snapshot

Trade closed: stop reached:

Closing trade due to trend break

Comment:

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.