Shoprite Hlds LtdShort
SHP Short still in play
Although our short position on 
SHP had a rocky start, with it retracing and going upward for a few days, I think with today's downward move so far, it is definitely still looking like it could become a profitable trade. If it breaks the lows/support level of 17 Jan and creates lower lows, we have a good chance of continuation to the downside.
SHP had a rocky start, with it retracing and going upward for a few days, I think with today's downward move so far, it is definitely still looking like it could become a profitable trade. If it breaks the lows/support level of 17 Jan and creates lower lows, we have a good chance of continuation to the downside.
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