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AWPEARCE1
Aug 21, 2022 6:42 AM

SPP - 1D - SPAR Long

THE SPAR GROUP LTDJSE

Description

Possible buying opportunity on Spar with a pullback to top of downward channel, and waiting for formation of a bullish candle for a perfect goodbye kiss. MACD on weekly chart has crossed over, and momentum is to the top .We are also near a strong support coming all the way from 2012. They have recently also streamlined their Polish business, which will have a positive effect on their bottom line. First target of 12% to the upside then 17% then 30%.
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