Timonrosso

Spar showing mixed signals but bullish bias to R160.11

Long
JSE:SPP   THE SPAR GROUP LTD
Spar has formed an Inverse Head and Shoulders
Since it hit our Short sell target, it's been forming the pattern.
However, as with most markets we are getting a bit of mixed signals.
7>21 <200 (Mixed)
RSI >50 Bullish but turning.
My target remains to be R160.11 but this is a medium probability trade.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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