🟩 ☰ Watchlist: Buy Setup / Look For 'Piercing Candle' i.e. Undercut & Bullish Reversal

Lester Davids
Jun 9
1 min read

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One of several shares from our WATCHLIST.

On 29 January, the idea was to sell/reduce into strength. With the pullback, we are placing this share in our watchlist for a piercing candle i.e. undercut and rally. Now trading at R185. Expecting more downside before a tactical rebound. The piercing level (i.e. that it needs to reclaim) will be the prior day's low of 18408c.

Important To Note: If the share remain persistently weak, the setup will be considered temporarily invalid.

Share: African Rainbow Minerals

Code: ARI