I think once can accumulate Growthpoint between 1020-1030 for an eventual pop to 1070, 1090 and 1110 (200day ma). There is some forced selling due to the MSCI index rebalancing but once this is over the stock should get some legs again. If buying use a stop loss as a close below 1000.
the 20dma which was previously resistance has now turned into support and the stock is trading in an upward channel with higher lows and higher highs which makes the structure bullish imo.
the 20dma which was previously resistance has now turned into support and the stock is trading in an upward channel with higher lows and higher highs which makes the structure bullish imo.
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