Potential Long Setup forming
I've always liked Ang - but with all the challenges businesses in SA face, and global drama it seems like a long-term downtrend will never end.
And with current market uncertainty - it's a true fruit salad. That being said... this is what I see - please feel free to correct/teach me if you see I'm missing something.
Very short-term:
* Double bottom on the 4h chart - currently sneeking past a daytime downtrend (Needs to close above the 23 500+ mark i feel to really set the trend change in stone)
From there:
Light Blue Downtrend line
Gap up 25 000
Gap up to 32 289
Gap up 34 500
** I'm sure each step up would provide its own resistance... but if you are prepared to give it some time, this has some potential I think.
PS - not financial advice :)
And with current market uncertainty - it's a true fruit salad. That being said... this is what I see - please feel free to correct/teach me if you see I'm missing something.
Very short-term:
* Double bottom on the 4h chart - currently sneeking past a daytime downtrend (Needs to close above the 23 500+ mark i feel to really set the trend change in stone)
From there:
Light Blue Downtrend line
Gap up 25 000
Gap up to 32 289
Gap up 34 500
** I'm sure each step up would provide its own resistance... but if you are prepared to give it some time, this has some potential I think.
PS - not financial advice :)
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