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SHP

Shoprite showing strong downside to come to R177.11Head and Shoulders has formed on Shoprite and the price has broken below the neckline. 200>21>7 - Bearish RSI<50 Target R177.11 CONCERNS: I don't like shorting strong companies generally especially when the JSE ALSI 40 is on a strong uptrend. Revenue growth is up 17.20% Net income Growth is up 14.70% Average annual Revenue growth (15yr) up 11.08% Net Margin is 3% but ROE is -24.97%. So it's unusual to see downside for this retail giant. But anyways, charts are charts and we have a plan in place.
JSE:SHPShort
by Timonrosso
Shoprite Holdings LTD - Discount, Discount"Volume Weighted Average Price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which a stock is traded over the trading horizon." Wikipedia. (Blue Lines). I use a rule of thumb, never buy/long above vwap and never sell/short bellow vwap. Technically we are below the higher timeframe vwap's but we want the best price we can get on lower timeframes IF a reversal happens here, so we risk a trade setup finding undervalued prices at certain levels. This could potentially lead into a nice long term trade. Just use risk management and watch for that area in yellow circle. After that, you don't want to be in the trade anymore. Let's see!
JSE:SHPLong
by PonziCandle
Cup-and-handle pattern on ShopriteShoprite hasn't had the best year. In March it created a high of R281.90 and then proceeded to crash all the way to R174.50. Interestingly enough however, Shoprite has created a cup-and-handle pattern over the past two months. This is a common bullish pattern and indicates a change in trend. If you look at the chart above, you can see how Shoprite formed the "cup" part of the pattern during September and October. This was followed by a slight correction in November which created the "handle". There is also a clear bullish divergence on the MACD. For this reason I will be going long. Action: Place a Limit order to BUY at R205 with a Stop Loss set at R190. I will aim to take profit at R220 and R230 respectively. Margin: 10% Gearing: 10.00x Gain: +121.95% Risk: -73.17%
JSE:SHPLong
by UnknownUnicorn3689126
1
Trade Idea - Shoprite (SHP)From a fundamental perspective, I see SHP as a buy. This year has been hard on SA consumers so far. With an increase in tax, SA consumers are left with a lower disposable income. Inflation is going up, so are interest rate. Never the less, food remains a necessity and therefore we remain confident that food remains a good investment in times of financial difficulty. Shoprite’s internal inflation was at around 7% a year ago before plunging into negative territory on the back of a stronger ZAR and decreasing global soft commodity prices. Due to the retail nature of SHP, we remain of our perspective that SHP will continue to take market share and accumulate positive returns for investors and any short-term pullback can be seen as a good entry point to go long in the medium to long term. Here is what we plan to do: Buy SHP @ 212-214 TP @ R232 SL @ R205
JSE:SHP
by MariusGrobler301
1
SHP Shire Possible Gartley SellSHP Shire Possible Gartley Sell A-B 0.786 retracement of the X-A leg B-C 0.618 retracement of the A-B leg C-D Anticipated 1.27 extension of the A-B leg, (and 1:1 measured up-trend move of A-B). Completing around 5426 Entry 5390 - watch and manage, may need to be adjusted to accommodate recent highs of 5330's Targets T1 5005 - 0.385 retracement of the A-D move T2 4820 - 0.618 retracement of the A-D move Stop 130 (around 5520) Considerations Spread can vary on this stock, so adjust entry/exit orders accordingly.
SShort
by trad3rr