BigBoss88

SHP Breaking out?

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
Hi Guys
So we can see Shoprite is breaking out of a falling resistance trendline here.
But the day is not over!

If it closes above trendline then I expect it to move up towards R135 (resistance) and potentially R144 (another resistance but also the point of control according to orders.

This is my view. I'm not trading this now. I already have one running.
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