Tuesday 29 October 2024
Time Published: 12h45
Strong rally on SHP on the back of it's operational update.
The idea last week Tuesday was based on the following:
- wait for a test of the 50-week / 200-day confluence, or an overshoot thereof (blue shaded area).
Also added to the note was a reading from the Tactical Trading Guide which where the short term reading (1 to 10 days) stated that the 'reward-to-risk was becoming attractive for a small buy/long position'.
Was R280, now R305.
There are opportunities to make money.
The original comment on SHP was included here:
Well done to clients who took the opportunity to trade.
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Friday, 04 October 2024
Time Published: 06h34
Shares: Standard Bank (SBK), Nedbank Group (NED), Shoprite Holdings (SHP)
Click on the image, then on the right arrow for the next chart.
Lester Davids
Analyst: Unum Capital
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