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techpers
Jan 14, 2024 5:19 PM

SHP 

SHOPRITE HOLDINGS LTDJSE

Description

Shoprite Holdings (SHP). While SHP remains a sector leader over the long term, it may be worthwhile bearing mind the technical chart which, at present, reflects a bearish divergence as per it's 14-WEEK RELATIVE STRENGTH INDEX (RSI). This is where the price prints a higher high while the technical indicator develops a lower high. This is often a precursor to potential subsequent price weakness.

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