Sure_Trading

SHP at a Decision-making resistance

JSE:SHP   SHOPRITE HOLDINGS LTD
JSE:SHP is trading at a resistance level and if it breaks through, I would consider a long position based on the breakout of the longer term down trend, but if it bounces off, I will go short for a shorter term trade.

But I will wait to see what happens first, before I make a decision.
Comment: It looks like the resistance level has held, so if it continues through the downward trend line, I will enter a short.
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