Failed symmetrical triangle pattern bullish for coronation
The symmetrical triangle pattern that fail 2/3rds in turns to fail as a continuation breakout. It usual signals a reversal. That happens to be bullish for the Coronation as the stock holds the 200 day EMA as support. Closing today with a bullish engulfing candle. Still waiting for a close above R52.55 to add to my position.
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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.