Shoppies again denied by the resistance line $SHPLongterm downtrend holdingby TradingMzansiPublished 4
$JSE-SHPJSE:SHP With all this strength in the markets $JSESHP can't move higher. Imagine if some weakness come to markets. Massive head and shoulders in making. Break of neck line will open target around 10600/10800. by ALSITRADERPublished 7
JSESHP - On SALE - Looking bearish - 200ma trending down - Price reversing off major downtrend - Head & Shoulders pattern in place - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SHPShortby Trader-DanUpdated 12
SHOPRITELeg A complete, we need a buy signal to B then we sell at Bby TheGreatestMarketAnalystPublished 7
Shoprite Yesterday, the share price of Shoprite looks to be forming a bullish harami candlestick reversal pattern at the support level of the upward channel. The candlestick reversal would be confirmed if today’s candle closed in positive territory and above the mid-point of the previous candle. In this scenario, it suggests the end of the short-term pullback and continuation of the longer-term trend. The 14100 area would be the upside resistance target from the reversal, while a close below the low at 13045 would consider the failure of the bullish assumptions. www.ig.comLongby MartintradingzaUpdated 7
JSE:SHP Shoprite Markdown StartingAfter breaking the distribution trading range (TR) we have seen a backup to the TR and now price is breaking lower. This looks like the start of the Phase E markdown. Increased volume on declines and decreased volume on attempts to rally indicates supply overcoming demand and large interests distributing the stock.Shortby SteynTradePublished 228
SHP: Low risk Long positionShoprite is making higher lows and have bounced off support while showing hidden bullish divergence. Buy at R136, stop below R132.50 and first profit target at R145.Longby UnknownUnicorn3468017Published 10
SHOPRITE5 wave Impulse completed, now we go short as per prediction from the other week, we selling the pullbackShortby TheGreatestMarketAnalystPublished 6
Shoppies $SHPStanding back and checking the long downward channel in SHP is rather scary. Last push didn't break the negative channelShortby TradingMzansiPublished 6
SHP SHP - Price breaking incline support zone - MACD bearish cross - RSI pointing down, attempting to cross into the bear zone. PE 17x vs -20 percent HEPS + Div Cut by 34 percdent ( SPP taking market share too?)Shortby LD_PerspectivesPublished 10
SHOPRITECurrently trending inside the leading diagonal, I anticipate the breakout on support then drop.Shortby TheGreatestMarketAnalystPublished 5
$JSESHP Cup & Handle breakout constructive Shoprite looks constructive for the bulls with the formation of the cup & handle formation. The break above the patterns resistance level @ R130 is an important technical development for the stock which should hopefully result in both technical targets being reached in the days/weeks ahead. First target at R140 is measured by taking the distance of the handle and projecting it upwards from the breakout level at R130. The second and full target level is measured by taking the distance of the bottom and top of the cup and handle formation from R110 and R130, and measuring it from the break, to give a full target of R150. The level of R150 was previously support before the stock broke down and will now likely act as resistance on the way up. Also take note of the 200 day moving average (green line) which sits at R158.40 currently and moving down daily. This could likely move lower to R150 by the time the price has caught up and would be another point of resistance which the stock will encounter should we see a swift movement higher as expected. Longby MarcoOlevanoUpdated 12
SHOPRITE - Idea - Bullish cup and handle playing our - 1st Target as been met (Flag breakout) - Targeting R155 zone JSE:SHP - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Longby Trader-DanPublished 4410
SHP Gaining momentumSHP as previously indicated Short break down of support close below expected fed cut of 25 basis points fueling momentum of stock sell offShortby surecanweightPublished 6
$JSESHP Shoprite Cup and handle breakNeckline break and retest. Targets 14500 & 15100Longby KoosKanmarPublished 6
SHPCurrently recently given us the Lower Low, headed up to the QML now.Longby TheGreatestMarketAnalystPublished 6
Shoprite Holdings LTD - Discount, Discount"Volume Weighted Average Price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which a stock is traded over the trading horizon." Wikipedia. (Blue Lines). I use a rule of thumb, never buy/long above vwap and never sell/short bellow vwap. Technically we are below the higher timeframe vwap's but we want the best price we can get on lower timeframes IF a reversal happens here, so we risk a trade setup finding undervalued prices at certain levels. This could potentially lead into a nice long term trade. Just use risk management and watch for that area in yellow circle. After that, you don't want to be in the trade anymore. Let's see!Longby PonziCandlePublished 9
SHP close above resistance Flat top triangleSHP has closed above the assending triangle resistance however the RSI is in overbought territory could be a false breakout by SHP i will see what today has in store expecting a pull back or consolidationShortby surecanweightUpdated 225
SHP breakoutJSE:SHP has broken out of a symmetrical triangle and if it confirms above the high of yesterday, I will consider entering a long position.Longby RossLarterPublished 4
Shoprite potential upside early morningShoprite has hit a TD 9 on the 15minute candles with stochastic in oversold territory. We might see a retracement to yesterday's highs in early trade, though another consolidation day just above R130 would be good so the TD on a day interval can reset.by chsmitPublished 5
Shoprite consolidates above ascending triangle breakoutConsolidation above the Ascending Triangle is a good thing. R140 - R150 is on the cards.by chsmitPublished 8