RossLarter

Mr Price - Breakout or Bounce?

JSE:MRP   MR PRICE GROUP LTD
MRP is heading towards the bottom of a channel that it has been trading in. If it breaks through the bottom, I will consider a short position. Conversely, if it decides to bounce off the bottom of the channel, I will wait until it breaks above the high of today before potentially entering a long position heading towards the top of the channel.

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