Potential Inv H and S has been forming since September 2021. Mr Price, has tested its lows at R125.00 multiple times, and the price continues to rocket up. It now needs to form one more shoulder, higher low and cross above. And we could see Mr Price at R305.37 by 2025. NATURE of the analysis: High Probability Price>20 Price>200 Target R305.37
Mr Price has been in a lingering downtrend channel since March 2022. It's been a trading haven for range bounded traders who look for this kind of activity. However for a breakout trader, it's been a waiting game. So best we buy at the bottom of the range sell at the top and repeat. Right now the price is heading back to R153.25. If we get a breakout, we'll...
Break above downtrend has occurred for the first time since 2022... This isn't a breakout pattern that I normally look at, but it's still a breakout move. Price<200MA (elastic) This means, the price has a likelihood of moving up to the 200MA (Equilibrium) to take out the inefficiency. Target R177.42 BREAKAWAY GAP formed in December, and since then the price has...
MRP shares might be locked in a bearish range (lengthened dips relative to rallies). A move towards formation of a lower lower as shown is quite possible.
I 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
MR 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.
As title says, buy MRP long at the bottom of the rising channel.
Mr 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.
With the RSI Divergence and also the Double Tops pattern, I foresee a drop on MrPrice
Mr 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.
JSE: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.
We may derive the following from the Weekly MRP chart: 1. Price is still in a downtrend. 2. We have a bullish zone at around 177. 3. Price i.m.o should drop lower first before a longer term push to the ATH. 4. I would consider buys at the weekly support, but for now, unless you are short, there isn't much of an opportunity. 5. As always - maintain your...
JSE:MRP has broken through a descending resistance, but it might struggle at the resistance level around 20000. If it breaks through this level convincingly, I will consider a long position.
Since August last year, Mr Price continually found support at R205. In March, the stock broke through support but recovered back to R224.54 in May. This is a currency sensitive share and the rand blowout has now pulled the price back through the previous support. The current downtrend is gaining momentum and making me very pessimistic. The MACD is also trading...
JSE:MRP is once again showing a bearish engulfing candle pattern, but this time, it is also coinciding with a triple top resistance level. The last bearish engulfing didn't play out, but because of the strong resistance, this one is more likely to.
We have a Bearish Engulfing on JSE:MRP which was formed yesterday. This could mean a possible trend reversal from the short term up trend. I have entered a short trade at this morning's opening.
JSE:MRP has been trading in an upward price channel for quite some time and it has broken through the mid line recently and is looking good to go upwards. Along with this, the stochastic has recently turned up through the 20 line and the two EMA's have crossed upwards. I will look to enter around the 25000 level with a target around the 26200 level
I would look to short the short term bounce in MRP. SA fundamentals still looking bleak for now. Short term ZAR recovery in my view. Longer term weakness. Targeting the 50dma @224