PeetSerfontein
Long

SHP: a correction rally unfolding?

JSE:SHP   SHOPRITE HOLDINGS LTD
Improving technical trend score according to our property technical analysis methodology.
The idea is regarded as a counter-trend rally as the overall trend remains bearish . Apply proper risk management and adjust risk accordingly.
Crossing above its 8-day simple moving average .
Crossing above its 13-day simple moving average . First signal in the last 20 days.
MACD bullish crossover. First signal in the last 18 days.
Parabolic SAR bullish trend change. First signal in the last 18 days.
Heikin-Ashi bullish candle.
Crossing above its 8-day linear trend. First signal in the last 22 days.
Retracting from RSI oversold territory.
Time to exit: +/- 20 September 2019
Sep 16
Trade closed: target reached
Nice one @PeetSerfontein !
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