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RossLarter

MRP - Long if it breaks resistance

Long
MR PRICE GROUP LTD (JSE:MRP)  
RossLarter Aggiornato   
JSE:MRP   MR PRICE GROUP LTD
Support and Resistance mrprice MRP southafrica jse ALSI ZAR
3
0
supportandresistance mrprice mrp southafrica jse alsi zar
MRP has broken through a descending resistance, but it might struggle at the resistance level around 20000.

If it breaks through this level convincingly, I will consider a long position.
Commento:
It is signalling a short now because of a break out through a ascending resistance. If it closes below our entry and confirms the short, I will reverse my trade.
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