MRP - Long if it breaks resistance for JSE:MRP by RossLarter

supportandresistance mrprice mrp southafrica jse alsi zar

MRP has broken through a descending resistance, but it might struggle at the resistance level around 20000.

If it breaks through this level convincingly, I will consider a long position.

Comment:

It is signalling a short now because of a break out through a ascending resistance. If it closes below our entry and confirms the short, I will reverse my trade.

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