An extract from my research for tomorrow (Monday, 09 October 2023)
Shoprite, Breaking Down Relative To The Broader Market (JSE Top 40 Index as a proxy). The upward trend extending back to the low of 22 May is being breached.
On this platform (see attached, 28 August at R262) I previously published my view on SHP, highlighting the potential resistance at the multi-month channel.