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PSG Technical Take

Odwa Magwentshu


Go Long PSG

The share price for PSG has broken out of a channel but has been struggling to close above 24400c. Now we are waiting for the share price to close above 24400c to have a move to the next resistance level at 25780c.

Trade summary:

Target price:                                     25780c

Entry (BUY) :                                    24400c

Stop loss:                                         23400c


Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.

Until next time, I wish you profitable trading.

 All charts sourced: Bloomberg

Odwa Magwentshu | Trading Specialist at GT247.com

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

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