Following the Wyckoff logic Shoprite is ready to start to be marked up in Phase E. Following a backup to the trading range buyers have stepped in around 20000 to 21000. Looking for a markup to break previous highs.
Nota
On the daily TF we see some conditions entry setting up to go long. The downward stride has been broken after a Selling Climax (SC) and some absorption. We are now seeing increased volume on the up trend and lower volume on the pullback. We have now seen a high volume spring. In the coming week we will see if a lower volume test of the spring levels occur to go long. Nota
SHP is still lagging the market. The reaction from the lows has been very unconvincing. will have to see better action before going long. Nota
SHP has continued the backup and the OBV is still in a downtrend. Price is reaching the next support level and oversold line of the downward stride. Sill waiting for supply to properly kick in.Nota
The backup action has continued with the OBV still showing weakness and top of the accumulation range broken. Some increased volume is seen and a significant volume cluster is sitting at around 170. Will still have to wait for the market to show some strength before going long. 
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.