Shoprite- Worth a nibble...
We have finally got our pull-back! the stock has come down to meet the trend line. The trick now is to wait to see if it holds... It is getting a little over-sold but it still remains bearish according to the momentum indicators. If the price can stay above this trend line, I think it's worth a nibble for a small bounce back to the 50 day moving average which gets us to about R240.00. keep the stop loss just below that trend line and you should be good!
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Took a big hiding on this one...Oh well...Can't win them all
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