VillageTraderZA

A nice Cup and handle on Shoprite

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
Looks like the cup and handle formation on SHP is increasingly looking more likely to playout. I’m looking for a close on the other side of 15000c. With a stop around 12300c and a target around 19300c. And possibly higher. If the share breaks out of the bullish flag “handle” there’s good chance that it will break 15000c.I might look to enter on the break of the bullish flag , and add to the position on the break of 15000c

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