THE SPAR GROUP LTD

SPP JSE

TraderT1307

Spar being punished on the back of results. Trading down into the 190 - 193 area which looks interesting to enter a long position. Would suggest to drill down into an hourly chart to fine tune entry and look for an reversal in the 190 to 193 area. My upside target will be around 204. Stop loss will be a daily close below 185..

VillageTraderZA

Spar has been in the 15100c - 21200c box for sometime now it has been in the box since 2015. I’m waiting for break out of this range.

VillageTraderZA

Nice Symmetrical triangle pattern on Spar. The 30w EMA just crossed the 60w EMA. Looking good to break higher. Using the height of the triangle my target for Spar is 28000c. Waiting for a break out through the symmetrical triangle

Lester_Davids

Spar Group (SPP) | Buyers at R160, but for how long? Trading at the lower boundary of a 5-year rounding top. How long will R160.00 continue to hold? Accumulation/Distribution rolling over. RSI in a bearish regime. A monthly break & close <155.00 opens up ~134.00 to 130.00. Monthly Chart. Last Close: 162.54

TiggzzPhi

JSE:SPP - Look for confirmation below 16913 (NL) TP 16255

RobbyP

Looking at Pick n Pay's implosion today, I cannot see how Spar is going to fare any better. Anyway....From a technical perspective, Spar is reaching overhead resistance at about the 200 day moving average and has often been sold down at these tops which can be seen by the long upper tails that have failed to create new daily highs. So we have gone SHORT ahead of...

Lester_Davids

Spar Group (SPP) The price has breached incline support whilst simultaneously losing 8-day EMA. Provisional Levels: Short term accumulation at the most recent lows of 16550-16635. Would look to buy there and sell on a rebound back to 17700c. Stop: 16290c.

TraderPetri

Resistance levels tested, feeling like it might come down from here.

TraderPetri

Upcoming resistance will determine the fate of this stock. It all seems pretty bullish now, but looking out for signs of waning momentum around this resistance zone.

Trader-Dan

- Price has retraced back to the 200MA dauily where it was met with fierce resistance - It has broken out of the bearish flag pattern on decent volume and suggests futher weakening towards the lows around -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SPP R153

surecanweight

SPP is this the bottom of this H&S or will market volatility weakness add momentum on this movement closing below support will see further downside

surecanweight

SPP Has not only broken back into its TR it has broken a LTS as well expected bear trend continuation confirmed

surecanweight

SPP Short with H&S clearly shown ready to break down as accumulation STAGE has completed wait for break to short

surecanweight

SPP has broken down on its long term indicators H&S confirming Short on Daliy , weekly, and monthly charts trend reversal in process

Lester_Davids

As per the monthly chart, it should be noted that the Relative Stength Index has entered a bearish regime, with a print of 44 at current levels while the bearish divergence warns of long term downside.

Trader-Dan

- Bearish break below 200ma - Head & Shoulders neckline break - SL above R206 - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SPP

Lester_Davids

Equities Local | Spar Group | It's the bearish candle structure that causes me to be weary of aggressive positions in this name. In fact, a possible head and shoulder formation that has been building since 22 October could see the consolidation break to the downside. Buying support over the period has been 19543 however a loss of this level would see selling...

surecanweight

SPP better than expected results possible change to trend