SHOPRITE HOLDINGS LTDTelah dikemas kini Waiting for Shoprite
Still remain one of my favorite shares currently on the JSE and has been good to me lately. Disclaimer time - I'm already long. Would however recommend (for those who investors who's currently considering a long position) to wait a bit for some consolidation.
Technically the share price found a strong resistance level yesterday (R127 - R128) and could take a bit of a breather. The share price is somewhat overbought according to it's 14-day RSI, but not to such an extend that I would start emptying my trolley.
It find itself back to close to it's 8-day Moving Average (EMA), with a break and close below R123.43 most probably seeking support at R119.50. I will definitely wait for confirmation to see if this very strong support level, holdup. I would use this level as my first entry point. Should we see a break and close below R119.50, I would make R100 my second entry point.
Technically the share price found a strong resistance level yesterday (R127 - R128) and could take a bit of a breather. The share price is somewhat overbought according to it's 14-day RSI, but not to such an extend that I would start emptying my trolley.
It find itself back to close to it's 8-day Moving Average (EMA), with a break and close below R123.43 most probably seeking support at R119.50. I will definitely wait for confirmation to see if this very strong support level, holdup. I would use this level as my first entry point. Should we see a break and close below R119.50, I would make R100 my second entry point.
Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.