Spar setting up for the next upside to R171.37 -SMC explained
Cup & Handle formed on the Daily chart.
Price is only breaking above the brim level now.
This is good news for the bulls.
Other indicators showing upside.
7>21 >200
RSI>50
Target R171.37
SMC
Sell Side Liquidity Order Block is clear where there is buying from Smart Money.
ABOUT THE COMPANY
The Spar Group was founded in the Netherlands in 1932 and has since grown to become one of the largest retail and wholesale businesses in the world.
The company operates in four main regions: Africa, Europe, Asia-Pacific, and the Middle East.
As of 2021, the Spar Group operates over 13,800 stores worldwide, employing over 400,000 people.
There is even a Spar store in Greece in Athens...
The company's stores range from small convenience stores to large hypermarkets, and they offer a variety of products, including groceries, fresh produce, baked goods, and household items.
Price is only breaking above the brim level now.
This is good news for the bulls.
Other indicators showing upside.
7>21 >200
RSI>50
Target R171.37
SMC
Sell Side Liquidity Order Block is clear where there is buying from Smart Money.
ABOUT THE COMPANY
The Spar Group was founded in the Netherlands in 1932 and has since grown to become one of the largest retail and wholesale businesses in the world.
The company operates in four main regions: Africa, Europe, Asia-Pacific, and the Middle East.
As of 2021, the Spar Group operates over 13,800 stores worldwide, employing over 400,000 people.
There is even a Spar store in Greece in Athens...
The company's stores range from small convenience stores to large hypermarkets, and they offer a variety of products, including groceries, fresh produce, baked goods, and household items.
✅ 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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