Inv Cup and Handle on Mr Price heading to R133.00
Inv Cup and Handle formed on Mr Price.
The price broke below the brim level and is showing downside momentum.
There is a previous support that still needs to break before all systems go, but my signal definitely gives a sell here.
Indicators all look bearish
200 > 21 >7 MA
RSI <50 - Bearish divergence
Target R133.00
ABOUT The company
Mr Price was founded in 1985 by Laurie Chiappini in Durban, South Africa.
The company started as a small clothing store called Mr Price Fashion, which sold affordable and trendy clothing for young adults.
Mr Price has since expanded its product offerings to include homeware, sportswear, accessories, and beauty products.
The company operates in South Africa, other African countries, and Australia.
The price broke below the brim level and is showing downside momentum.
There is a previous support that still needs to break before all systems go, but my signal definitely gives a sell here.
Indicators all look bearish
200 > 21 >7 MA
RSI <50 - Bearish divergence
Target R133.00
ABOUT The company
Mr Price was founded in 1985 by Laurie Chiappini in Durban, South Africa.
The company started as a small clothing store called Mr Price Fashion, which sold affordable and trendy clothing for young adults.
Mr Price has since expanded its product offerings to include homeware, sportswear, accessories, and beauty products.
The company operates in South Africa, other African countries, and Australia.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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