VillageTraderZA

A nice cup and handle on MRP

Long
JSE:MRP   MR PRICE GROUP LTD
A nice Cup and Handle on the stock. Broke out of the bullish flag/handle with a fair bit of volume of the past couple of weeks. With a fair bit of volume. I’m waiting for a breakthrough 17790c. Projecting the height of the cup My target for Mr. Price is 25070c. the 30w EMA is looking like it’s crossing the 60w EMA.

Tested the 50d EMA on Friday’s lows. The 50d EMA has been good support for Mr Price.

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