Short
MASSMART: Technicals, lockdown, alcohol ban, riots and looting
Momentum indicators are all confirming price weakness here and if you look at the recent price action, MSM has not only broken horizontal support, but also has breached the all important 50 day moving average. I can also tell you that the nationwide riots and looting on top of lockdown is going to have a severe impact on the price. I won't be surprised if we see R53.00 in the coming days
Trade closed manually
EASY MONEY! Take the profit and move on. And always remember...Trade what you see, not what think. The market doesn't care about your opinion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.