AFRICAN RAINBOW CAP INV. Possible long opportunity coming.
AIL offers disruptive banking solutions in South Africa.
With such a strong monthly downtrend, we will need some sideways consolidation in this range, in order for us to change the trend and ultimately move higher.
Given the current economic climate in emerging markets, this is one that I am putting on my watchlist.
If we were to see further consolidation at these level, while still holding support as seen on the chart. 220-225 range. We would then look for some expansion to the upside. that being said, a push in the fintech sector might break through some resitance levels, in which case we will look to get involved on a pullback.
** this would be a longer term play and one that needs some more time to play out. I will update as we progress.
With such a strong monthly downtrend, we will need some sideways consolidation in this range, in order for us to change the trend and ultimately move higher.
Given the current economic climate in emerging markets, this is one that I am putting on my watchlist.
If we were to see further consolidation at these level, while still holding support as seen on the chart. 220-225 range. We would then look for some expansion to the upside. that being said, a push in the fintech sector might break through some resitance levels, in which case we will look to get involved on a pullback.
** this would be a longer term play and one that needs some more time to play out. I will update as we progress.
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another banger up 20% from our entry
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GG