Peet_Serfontein

SPP: falling wedge pattern?

Long
JSE:SPP   THE SPAR GROUP LTD
The share is testing its 200-day simple moving average and a potential breakout up out of the falling wedge pattern.
A price action above 14100 supports a bullish trend direction.
Increase long exposure for a break above 14600.
The target price is set at 15200.
The stop-loss price is set at 13600. Negate the bullish stance for a break below this level.

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