R100 big support level to watch

Panjang

SHOPRITE HOLDINGS LTD (JSE:SHP)

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JSE:SHP SHOPRITE HOLDINGS LTD

SHP has held R100 more than once last week and managed to hold. Made a nice pin bar reversal candle on Friday as well so a long will trigger if we have a close above R102. First target at R105. Stop loss would be a close below R100 on the daily.

Dagangan ditutup: sasaran tercapai:

Target of R105 reached. R100 is still a big place of support on SHP.

Dagangan ditutup: sasaran tercapai:

2nd target was reached instantly after a positive trading update was released by SHP. It has managed to stay above the important R110 level. A close below that level would close the gap otherwise we have a potential move towards R118/R120

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