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Peet_Serfontein
Mar 25, 2024 6:55 AM

SHP: bouncing form support? Long

SHOPRITE HOLDINGS LTDJSE

Description

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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