JSE:SHP Shoprite Trading in a range
After a selling climax (SC) in January price has formed a trading range (TR). Currently, the price is ranging defined by the SC and automatic rally (AR). Volume is reducing phase B. Currently the bottom of the range is being tested. Once the test is complete and TR holds the top of the range could be tested. However, it looks like a large base is being formed that may take some time to resolve.
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