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RossLarter

Mr Price - Breakout or Bounce?

MR PRICE GROUP LTD (JSE:MRP)  
RossLarter  
JSE:MRP   MR PRICE GROUP LTD
Support and Resistance Parallel Channel jse ALSI ZAR southafrica mrprice
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supportandresistance parallelchannel jse alsi zar southafrica mrprice
MRP is heading towards the bottom of a channel that it has been trading in. If it breaks through the bottom, I will consider a short position. Conversely, if it decides to bounce off the bottom of the channel, I will wait until it breaks above the high of today before potentially entering a long position heading towards the top of the channel.
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