An idea for SHOP
Short areas for traders in red
However this probably isn't the best short out there, picking tops isn't very wise. Boldness pays however.
Tuesday saw a massive rally in SHP - 9%, it's biggest rally in 22 years.
The cause: A warning that profits would fall by up to 20%, but on flip side, a strong increase in sales in the South African market.
By Friday morning however, the buyers had given back a lot of their hard fought gains.
Switching to a weekly chart (an early call yes, the week isn't over) we...
