AcolyteTrader

Long Idea on SHP

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
Price is breaking out of this ascending triangle and closing above 18552 level which has been a key prior level of resistance on the monthly chart. Will be adding to my long position here and this is also a good position for a long at 18690, ST term limit 21300 if you trade using targets with a nice R/R in this trade of 1:3. LT price trend is up, remember to always manage your risk.

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