MarketMeistersTrading

SHOPERITE HOLDINGs LTD (SHP)

Short
JSE:SHP   SHOPRITE HOLDINGS LTD
SHP - Note: After breaking above the resistance level what looked like a double top, the upward movement created a new High. The "area of interest" - is key area acting now as a support.

A Broadening Wedge formation on the technical chart has formed. A Sell/Short may be triggered if the inclined support line is breached. If it finds support it could create new

Target 212.

Note: If the price finds support at the lower trend line we could see a new high high.

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