Peet_Serfontein

SHP: bouncing form support?

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
A price action above 25100 supports a bullish trend direction.
Further bullish confirmation for a break above 25800.
The target price is set at 26800 (its 23.6% Fibonacci retracement level).
The stop-loss price is set at 24100 (its 78.6% retracement level).
Testing its 200-day simple moving average, which might act as major support.

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