This is a common bullish pattern and indicates a change in trend.
If you look at the chart above, you can see how
There is also a clear bullish divergence on the MACD. For this reason I will be going long.
Action: Place a Limit order to BUY at R205 with a Stop Loss set at R190. I will aim to take profit at R220 and R230 respectively.
Margin: 10%
Gearing: 10.00x
Gain: +121.95%
Risk: -73.17%