City Lodge heading to the sky at the target R5.35

We are revising the analysis from last time City Lodge.

It formed a Falling Wedge which almost touched the stop loss.

The price broke above both W Formation & Falling Wedge and has formed a strong uptrend (safetyline)

So the high probability analysis still stands with Price>20 and 200

Target R5.35
Chart PatternscitylodgeFundamental AnalysishotelsouthafricaTrend Analysis

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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