MR PRICEI am bullish for the Month of June on MRP.
>Good balance sheets irrespective of looting etc.
>Sideway price consolidation since Nov 21.
Short term Target for June: +-R230
JSE-MRP
JSE:MRP Markup looking to test R300MR Price has been in a strong markup after the base from the covid lows. The stock is stronger than the market. The pullback has been on lower volume and we are now ready for a test of historic highs at R300.
JSE:MRP MR PRICE not Looking GoodMr Price has had some volume at the end of last week but was unable to make any progress to break above 15000. A clear reversal bar this week could takes back down to test 10000.
JSE:MRP Mr Price AccumulationMr Price has seen volume increase as buyers step in (see post below). After stopping volume there has been a break of the accumulation trading range (TR) with a major sign of strength (SOS). There has been a backup to the TR but could not break back into the range. Now watching for the markup phase to start with the break of the recent highs.
MRP - MR PRICE Swing Trade IdeaJSE:MRP
- Price is finding support at previous lows
- Tendency will be a bounce to the top of the falling wedge and possible break of it...
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
