VillageTraderZA

Mr Price looking like moving to a higher box

Long
JSE:MRP   MR PRICE GROUP LTD
Mr price looking like its moving to a higher box
Comment: Trade Summary 11 April 2021
Entry: R189.16
Stop loss: R176.40
Risk per share: -R12.76
Quantity: 12.9
Risk ZAR: -R164.60
Risk: -2.03%

The stock has been looking good for a minute now. Supported by some pretty good acquisitions recently. Mr Price is amongst the better clothing retailers in our maret along with TFG. I’m looking for a close above 20250c which would be a 52 week high close. Then I will add to my position. I’ll trail my wtop loss to around 19000c. The stock recently broke a strong monthly resistance level

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