The stochastic, MACD and 3&15 EMA's all showed signals of a potential short position yesterday and the trade has been triggered this morning with today's price action so far. We are looking at a target at around the R176 level which coincides nicely with a previous support level.
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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.