Mr Price
We are observing a symmetrical triangle, within a falling channel. However, this pattern could indicate a bullish breakout. Currently, the 7-day moving average is greater than the 21-day moving average. The price is less than 200, and the RSI is above 50, pointing to some buying pressure. Given these factors, the target price is projected to be R190.00.
Symmetrical triangle (falling channel)
MAs 7>21
Price <200
RSI >50
Target R190.00
Mr Price: The company
Mr. Price Group Limited is a fashion-value retailer, operating mainly in the apparel, homeware and sportswear segments. This South African company, also known as MRP, was established in 1985 and has since grown into a well-known international retail chain.
Mr. Price Group has more than 1,000 corporate-owned stores, along with a significant number of franchise stores in markets outside of South Africa. The company also operates a strong online shopping platform which complements their physical retail presence.
We are observing a symmetrical triangle, within a falling channel. However, this pattern could indicate a bullish breakout. Currently, the 7-day moving average is greater than the 21-day moving average. The price is less than 200, and the RSI is above 50, pointing to some buying pressure. Given these factors, the target price is projected to be R190.00.
Symmetrical triangle (falling channel)
MAs 7>21
Price <200
RSI >50
Target R190.00
Mr Price: The company
Mr. Price Group Limited is a fashion-value retailer, operating mainly in the apparel, homeware and sportswear segments. This South African company, also known as MRP, was established in 1985 and has since grown into a well-known international retail chain.
Mr. Price Group has more than 1,000 corporate-owned stores, along with a significant number of franchise stores in markets outside of South Africa. The company also operates a strong online shopping platform which complements their physical retail presence.
Trade active:
This trade is in the money and will hold
Trade closed manually