Looking at Shoprite, we may derive the following from the daily chart:
1. A range channel has been forming.
2. Price is approaching support.
3. It should either bounce or break lower.
4. I believe price will most likely go lower considering that the overall trend has been down.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. A range channel has been forming.
2. Price is approaching support.
3. It should either bounce or break lower.
4. I believe price will most likely go lower considering that the overall trend has been down.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
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.
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.