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Not applicable
Shoprite has fallen sharply in recent weeks and it appears as if buying is evident at crucial support. Lateral as well as long term uptrend support comes in around R81.20 and this has so far held and price has reversed up off this level. There is also a small amount of positive divergence creeping in which should see a rally in coming days. If we continue to see stability today or even better higher prices, then look to buy.
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7 REPLIES 7
Super Contributor
I think you got it right,Njabulo.Support held and it seems to be moving up from oversold levels.
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Farina
Contributor
yeap, i bought in friday....
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Super Contributor
No buy signal yet.
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Super Contributor
I expect a rally to about R88 before selling continues.
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lebmore
Occasional Contributor
Try Imunity. offers quick 100% profits
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Not applicable
look at sens shoprite results
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Valued Contributor
hmmm .. you gotta get into a buy Q over 20m long .. then hope some sucker buys off you at 2c ?? there must be easier ways to loose your money ..
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