Peet_Serfontein

MRP: bullish divergence trade

Long
JSE:MRP   MR PRICE GROUP LTD
A price action above 12800 supports a bullish trend direction.
Further bullish confirmation for a break above 13000.
The target price is set at 13300.
The stop-loss price is set at 12600.
The price action remains close to its 23.6% Fibonacci retracement level, which might act as some key support.
Bullish divergence is also notable.
Remains a risky trade.

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