Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come.
Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows.
But the charts, are showing upside to come.
We have the Cup and Handle formation, a small one, but solid nevertherless.
The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going.
Other upside indicators show .
7>21>200
RSI>50
My first target will be at R47.31
Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows.
But the charts, are showing upside to come.
We have the Cup and Handle formation, a small one, but solid nevertherless.
The price has broken above the brim level, but it's not convincing enough yet. We need one more stronger push to really get this going.
Other upside indicators show .
7>21>200
RSI>50
My first target will be at R47.31
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)