Peet_Serfontein

MLI: ascending triangle pattern

Long
JSE:MLI   None
Might the ascending triangle pattern unfold in some upside potential for the share?
A price action above 2600 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further bullish trend support above 2800.
Target 3100.
Stop-loss 2600.
Remains a risky trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.