VillageTraderZA

Multiple patterns on the shoprite chart

Long
JSE:SHP   SHOPRITE HOLDINGS LTD
A combination of a bullish flag, Cup and handle, and a bullish divergence on Shoprite. The share looks very good on the long side with some wind at our back. Looking to enter at the break of the bull flag, and then add to the trade on the break thought R151 confirming the cup and handle pattern. And accordingly adjusting the stop-loss. But for now my stop is around R123, below the low of the handle/flag.

Read the week 2 game plan - villagetrader.co.za/...11/week-2-game-plan/

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