Rising wedge on Famous brands continues bearish sentiment

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A bearish sentiment continues on Famous brands with the a rising wedge pattern developing on a daily price chart. Price has broken down and if it closes below and it will probable that it will go down all the way to a first target of R55.

Moving Averages 7<21<200

RSI <50

٢٣ نوفمبر ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

it hit an adjusted stop loss but i was under the impression that it will further move down as per the price action that was developing. however, it is turned to the upside rather.