Symmetrical Triangle formed on Sappi. Broke below and has been coming down nicely. 200>21>7 - Bearish RSI<50- Bearish We recently had a markup phase which is where the orders are being filled from the recent drop. We need to retest the high (resistance) and price should come down. If it breaks above, it will be wise to place a stop loss and lock in profits as the trend will have turned up. Right now, still bearish with a target to R40.60
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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