AWPEARCE1

MSM - 1D - INDECISION

JSE:MSM   None
Stochastic overbought on weekly chart. Doji candles show indecision in the market. If it breaks out of upward channel to the bottom i would look for pullback to Fibonacci levels before considering a trade, even as far back as the 0.618 level. Massmart is closing 14 stores and their results were not good at all. At the moment my sentiment is negative towards Massmart.

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