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RossLarter

SHP - Downward Momentum

Short
SHOPRITE HOLDINGS LTD (JSE:SHP)  
RossLarter  
JSE:SHP   SHOPRITE HOLDINGS LTD
Trend Analysis jse ALSI ZAR southafrica
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trendanalysis jse alsi zar southafrica
SHP is showing some good downward momentum and we could be looking at a short position. It is currently at a bit of a support level, but if it breaks through, I think we are good to go. The stochastic, MACD and EMAs are all confirming this move.
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