Spar Group

Equities Local | Spar Group | It's the bearish candle structure that causes me to be weary of aggressive positions in this name. In fact, a possible head and shoulder formation that has been building since 22 October could see the consolidation break to the downside. Buying support over the period has been 19543 however a loss of this level would see selling pressure accelerate with a measured target of 18284c. Stop-loss: 19800c.