Mr Price ready to break above the W to R209.60

W Formation is forming on Mr Price.

It's been in a consolidation range since March, which prior that was in a continuous downtrend since April 2022.

Now the price has broken above the downtrend, which is currently testing the support. And if it breaks above and through the neckline, we will see upside to come for the retail giant.

This also falls in line with the Christmas Rally that normally takes place in December with the buying rush on both consumer and investor side.

7>21 - Bullish
RSI>50

Target R209.60