Timonrosso

UPDATE - Shoprite still showing downside despite positive mood

Short
JSE:SHP   SHOPRITE HOLDINGS LTD
Head and Shoulders formed on SHP and the price broke below the neckline.
We were hesitant with this analysis as world markets showed bullishness to come.
But charts are charts and they never lie.
Therefore we should follow the trend than try go against it.
200>21>7 - Bearish
RSI<50
Target R177.11

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.