From the last update on 23 February, we saw Motus form a Reverse Cup. The price broke below the brim level and the indicators were all negative. 21>7>200 - Bearish RSI<50 The price hit the target of R105.32
The trends are all down and bearish, and there is no incentive to buy the low on my charts. I don't believe in BTD (Buy the Dip). I believe in Buy high sell higher. Sell short buy lower. Simple.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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