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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