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Peet_Serfontein
Sep 19, 2023 5:01 AM

MRP: bullish divergence trade Long

MR PRICE GROUP LTDJSE

Description

A price action above 12800 supports a bullish trend direction.
Further bullish confirmation for a break above 13000.
The target price is set at 13300.
The stop-loss price is set at 12600.
The price action remains close to its 23.6% Fibonacci retracement level, which might act as some key support.
Bullish divergence is also notable.
Remains a risky trade.
Comments
Mihai_Iacob
Nice analysis, MRP can rise indeed.
Thanks for sharing your view.
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