$JSESHP broke the resistance up up and awake.With a good operational and voluntary trading update (52 weeks ended 28 June 2020), it opened above 6% up.by UnknownUnicorn1416836Published 113
R100 big support level to watchSHP has held R100 more than once last week and managed to hold. Made a nice pin bar reversal candle on Friday as well so a long will trigger if we have a close above R102. First target at R105. Stop loss would be a close below R100 on the daily. Longby JonathanOtero7fUpdated 334
#Shoprite - Short -$JSEMarket still in a downtrend. Expectation for marketing to retest resistance area at 10670, and continue to the downside and find support at 8029 areaShortby CashCow_MarketsPublished 4
$JSESHP long triangle pattern $JSESHP long triangle pattern, see if it can breakout the resistance by UnknownUnicorn1416836Published 335
Shoprite GroupWe seeing multiple rejections at R111.71 of which its a continuation rejection level, so all in all im still seeing bearish continuationShortby Asanda_The_Technical_AnalystPublished 8
Now or never for ShopriteBroke the downtrend during lockdown, retesting the line. Hopefully with easing restrictions there could be some kind of recovery. Let's see.by TradingMzansiPublished 8
Waiting for ShopriteStill remain one of my favorite shares currently on the JSE and has been good to me lately. Disclaimer time - I'm already long. Would however recommend (for those who investors who's currently considering a long position) to wait a bit for some consolidation. Technically the share price found a strong resistance level yesterday (R127 - R128) and could take a bit of a breather. The share price is somewhat overbought according to it's 14-day RSI, but not to such an extend that I would start emptying my trolley. It find itself back to close to it's 8-day Moving Average (EMA), with a break and close below R123.43 most probably seeking support at R119.50. I will definitely wait for confirmation to see if this very strong support level, holdup. I would use this level as my first entry point. Should we see a break and close below R119.50, I would make R100 my second entry point. by SchalkLouwUpdated 14
Weekly game plan 5 April 2020 - SHPIf we had to be long something in the equity space, SHP would be that something.Longby HerenyaPublished 4
This can maybe be in the trading zone.....Look slike when it test resistance it falls..... Very nice risk reward tradeShortby Bart10000Published 7
Broke out of trend 1st time since 2018 March Wait for pull back enter on blue line. Longby Bart10000Published 5
SHP - Short Term BreakWe may derive the following from the Daily SHP chart: 1. Price has closed outside of our downtrend channel. 2. A potential push to the upside may occur - price may then reach the recent high (blue line). 3. This will be telling for longer term buys on the higher time frames (W & M). 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.Longby zeerotraderPublished 8
Shoppies testing the resistance lineWish it was under better circumstances, but SHP seems to want to test the resistance line.Longby TradingMzansiPublished 119
JSE STOCKS - SHOPRITE HOLDINGS LTDAwaiting a confirmatory break above the trendline then we LONG the stock; all the way up to the SR level marked by a horizontal line.by Xnfs17Published 6
$JSESHP Shoprite. Fake break ? Shoprite is starting to look interesting even though I must admit that the previous attempt at entering a long failed. Keeping a close eye on this one.by KoosKanmarPublished 7
$JSESHP - Downward channel intact - for now. I would wait to see Shoprite break out from this channel before going long. by Trad3r_16Published 4
Could we see Shoppies break this long down trend?Down trend been going for a long time, this could be an interesting test of that line.Longby TradingMzansiPublished 8
SHP - Bullish SignsWe may derive the following from the Daily SHP chart: 1. Price appears to be building a bullish structure. 2. Should price trade outside of the purple downtrend then we can expect a possible continuation to the previous high (blue line). 3. Wait for a bullish opportunity to present itself first. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.Longby zeerotraderPublished 5
$JSESHP Shoprite Good results publishedNo meaningful technical analysis on this except that it looks like we're not going to see a lower low. Shoprite posted good results off a low base in a very difficult economic environment. I'm willing to take a long approach on this with targets of 12670 & 14500 based on this. The targets are based on trend lines that will offer resistance.Longby KoosKanmarPublished 10
Equities | Shoprite Holdings SHP | Monthly Chart ViewStepping back and taking a bigger picture perspective, the share continues to show relative weakness with the sector with the price once again approaching multi-year lows. as per the monthly chart we have seen the 13600c level being rejected - which was the prior support zone. The next points of reference for the share is 10464 and 8837c. *This note is part of larger report, please get in contact with me if you are interested in gaining access to the report*by LD_PerspectivesPublished 8
JSE:SHP Shoprite Looks Like a Difficult 2020 AheadShoprite has been weaker than the market and continues to decline. Looks like 2020 will continue this trend. After a backup to the trading range (TR) after the breakout price is going on to the markdown phase. Shortby SteynTradePublished 5
Top5 oversold/overbought according to RSI & ShopriteFTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Intu Properties 21 Fortress Reit A 29 Ascendis Health 30 Telkom 32 Shoprite 33 Overbought: Prosus 78 BATS 77 Northam Platinum 72 DRDGold 69 Trencor 67 Spending some time on Shoprite. SHP been struggling to find a breakout from the current Descending Broadening Wedge pattern, which started its trend in October 2018. In short, a descending broadening wedge is considered to be a reversal pattern and is bullish indicator. Though the pattern is typically a signal of reversal, continuation of the downtrend is still possible. Since the end of August (2019), we've seen bounce off the bottom part of the wedge and a nice recovery in the share price since then. What should also be noted is that since that recovery started, how many times the share price found support at R120 (current level). By doing so, we've seen that SHP created a short-term Descending Triangle pattern, which could see the share price test R131 over the short-term if support (R120) holds. Not only will there be short-term resistance at the top of the Descending Triangle, but also the 50-day moving average, which coincides with these price levels (R131). A break and close above these levels could be very positive for SHP, which could very much see the share price test the top of the Descending Broadening Wedge. A break and close above R140, would be a formal break of the downtrend, which could signal a reversal. Next target/resistance level will then be the 200-day moving average at R145.33, with a break and close above these levels bringing my medium-term target of R160 into play. The share price finds itself in EXTREME OVERSOLD environment according to its 14-day RSI. A break and close below R120 (support), could very much see the share price seeking out the previous support levels of R110, which will be my stop-loss if I was a short-term trader. It is for this reason why I would rather wait for confirmation of a bounce off the R120 support line. On a fundamental basis, we still value the company closer to the medium-term target (above). Read our full report here: oldoak.co.zaLongby SchalkLouwPublished 7