Mediclinic - Bounce off top of Channel
JSE:MEI has been trading in a sideways consolidation channel since mid-March (COVID-19 lockdown) and has reached the top of the channel. A bearish engulfing candle pattern formed yesterday which is a bearish reversal signal. If it breaks through the current small support that it is trading at, I will consider going short all the way towards the bottom of the channel.
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView
For more info about our training and mentorship visit suretrading.co.za
For more info about our training and mentorship visit suretrading.co.za
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.