AWPEARCE1

MRP - 1D - SHORT ON LONG TERM TREND

Short
JSE:MRP   MR PRICE GROUP LTD
Generally i do not like trading against the trend, however we are on the top of a long term downward trend. Rising channel within a descending channel. ATR sell signal and weekly stochastic 14 overbought. Upward channel broken to the downside.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.