Supergroup's (JSE:SPG) downtrend is still in tact and together with hidden bearish divergence and a bearish engulfing candle it gives a 2:1 reward to risk trade if you can get it around these levels: short at 28.30, stop at 29.30 and profit target 26.30.
Super Group has undergone distribution since 2016. After a backup to a Last Point of Supply (LPSY) and the 200 Week MA the markdown is starting. There is divergence with the volume RSI and it seems that there is more downside to come.
