Trader-Dan

PICKnPAY - Possible Inverted Head & Shoulders

Long
JSE:PIK   PICK N PAY STORES LTD
- Price is settling up nicely above the 200 day moving average and if the general market continues to be buoyant , the inverted head & shoulders pattern could play out.

- A close above neckline at R56.80 would confirm entry, a more aggressive entry will be at this level , stops below R50

- Measured move to R64.10


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Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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