RossLarter

SHP short

Short
RossLarter Updated   
JSE:SHP   SHOPRITE HOLDINGS LTD
SHP is looking good for a short position.

The MACD as well as the Stochastic are pointing downwards. The Exponential Moving Averages have also crossed in a downward direction.
We can expect this to continue downward until it reaches support at around the 18000 level.
Trade active:
Trade looking good so far - heading towards the target nicely
Trade closed: target reached:
Closed yesterday as it spiked through our target level. Very nice trade

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