KoosKanmar

$JSESHP Shoprite Good results published

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
No meaningful technical analysis on this except that it looks like we're not going to see a lower low. Shoprite posted good results off a low base in a very difficult economic environment. I'm willing to take a long approach on this with targets of 12670 & 14500 based on this. The targets are based on trend lines that will offer resistance.

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