Shoprite SHP, 18083c
Earnings due Tues, 07 Sept. The last two reports saw the share price rally then retrace. At current levels, we have had a strong run and technically I am expecting a consolidation following the move from ~15700c to the high of 18400c. It is also possible that the price 're-tests' the breakout level before continuing it's advance. Note the MACD nearing a negative crossover, similar to the ones seen in Sept-2020 and April-2021. Technically, fresh buying preferred sub-16800c.
Most recent trading long at ~R158 and portfolio long at just above R100 in July 2020.
For more insights, real-time ideas or a deeper technical review of your current holdings , get in touch today.
Earnings due Tues, 07 Sept. The last two reports saw the share price rally then retrace. At current levels, we have had a strong run and technically I am expecting a consolidation following the move from ~15700c to the high of 18400c. It is also possible that the price 're-tests' the breakout level before continuing it's advance. Note the MACD nearing a negative crossover, similar to the ones seen in Sept-2020 and April-2021. Technically, fresh buying preferred sub-16800c.
Most recent trading long at ~R158 and portfolio long at just above R100 in July 2020.
For more insights, real-time ideas or a deeper technical review of your current holdings , get in touch today.
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.