Peet_Serfontein

PIK: breaking resistance

Long
JSE:PIK   PICK N PAY STORES LTD
A price action above 3370 supports a bullish trend direction.
Increase long exposure for a break above 3770.
The target price is set at 3990 (the 78.6% Fibonacci retracement level).
the stop-loss price is set at 3400.
The trade idea is classified as a counter-trend strategy.
Some bullish divergence notable.


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