It’s not too often that a stock shakes off the ex-div price adjustment and closes green on ex-div. To get a bit of context on the market’s memory of the stockI decided to go back to the glory days from August 2013 to its ultimate crash in September of 2018. The R240 price was nothing …
Wind at the back. Mr Price was one the companies that came out on the other side of the pandemic stronger than most. The company made two notable acquisitions in Yuppiechef and Power fashion. The company issued a trading update on the 7th of August. Retail sales were up 48.8% (38.6% excluding Yuppichef and Power …
CUP AND HANDLE PATTERN The cup and handle pattern is a bullish continuation pattern that can, on occasion, be a reversal pattern as well. It was developed by Willian O’Neil in 1988. Formation The first part of the pattern is the cup, which is a round bottom formation that typically trades away from the resistance …
Flag is a continuous pattern. The flag itself is a pullback from a bullish/bearish market. It’s a robust pattern that works with every asset class and across timeframes. We have two variations of the flag. A normal and a horizontal flag. A normal flag as shown above is a pullback/pause after the market had been …