$JSESHP still range bound Long

SHOPRITE HOLDINGS LTDJSE

Description

⋅ Jan 28, 2019 2:38 PM

Shoprite seems to have held the R180 horizontal support level even after results which missed market expectations. Possibly a range trade back to R190 with a 2:1 risk reward ratio. Enter 180, s/l 175, target 190

Chart Patterns

Comments

MarcoOlevano

⋅ Jan 28, 2019 2:54 PM

agree trend down and could break down - but have a feeling we might get one more push to 190 - lets see :)

ALSITRADER

⋅ Jan 28, 2019 2:42 PM

Looks to me like flat bottom triangle in down trend :)