Mr. Price - One to Watch Closely
Updated
Mr. Price recently confirmed 01 June as a weekly low, it is now in the second daily cycle and dropping into a half cycle correction that usually comes around day 27 to 32. This it must do without going lower than R138.35, the overall market conditions are what makes Mr. Price vulnerable. The share has somewhat of a blue rising wedge that appears to be breaking down as well, date of interest for half cycle correct is the circle where there is double support, should we get there, we can expect a bounce but any lower than R138.35 means lower for longer.
Note
Mr Price failed in the second daily cycle, now we can expect price to remain in lower highs and lower lows trajectory until it is in time to print a weekly/yearly low price.
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