Shorting Spar's "TOPS"- We're in Looking at Pick n Pay's implosion today, I cannot see how Spar is going to fare any better. Anyway....From a technical perspective, Spar is reaching overhead resistance at about the 200 day moving average and has often been sold down at these tops which can be seen by the long upper tails that have failed to create new daily highs. So we have gone SHORT ahead of the results with a technical target in mind. We entered the trade at 18150 with a target of 16800. We're only risking 2% of the portfolio at stop loss (around 18800) Shortby RobbyP9
Spar Group (SPP) - Short Term Tactical ViewSpar Group (SPP) The price has breached incline support whilst simultaneously losing 8-day EMA. Provisional Levels: Short term accumulation at the most recent lows of 16550-16635. Would look to buy there and sell on a rebound back to 17700c. Stop: 16290c. by LD_Perspectives12
Weekly game plan 3 May 2020 - SPPResistance levels tested, feeling like it might come down from here.Shortby Herenya11
Weekly game plan 26 April 2020 - SPPUpcoming resistance will determine the fate of this stock. It all seems pretty bullish now, but looking out for signs of waning momentum around this resistance zone.by Herenya8
SPP ShortSPP Short with H&S clearly shown ready to break down as accumulation STAGE has completed wait for break to shortShortby surecanweightUpdated 6
SPAR - #JSESPP - Bear flag breakout- Price has retraced back to the 200MA dauily where it was met with fierce resistance - It has broken out of the bearish flag pattern on decent volume and suggests futher weakening towards the lows around -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SPP R153 Shortby Trader-Dan10
SPP ShortSPP is this the bottom of this H&S or will market volatility weakness add momentum on this movement closing below support will see further downsideShortby surecanweight6
SPP ShortSPP Has not only broken back into its TR it has broken a LTS as well expected bear trend continuation confirmedShortby surecanweightUpdated 6
SPP LT H&S Completed SPP has broken down on its long term indicators H&S confirming Short on Daliy , weekly, and monthly charts trend reversal in processShortby surecanweight5
SPP MonthlyAs per the monthly chart, it should be noted that the Relative Stength Index has entered a bearish regime, with a print of 44 at current levels while the bearish divergence warns of long term downside. Shortby LD_Perspectives8
SPP- Head & Shoulder FormingA classic Head & Shoulder Formation with a neckline around R197. Should the weak consumer environment continue, expectations for much of the upside to be capped or priced in given recent decent set of results. A material break below the neckline, could initiate a move towards R182 support levels. A move above R206 potentially invalidates this setup Shortby Taahir_JoosubUpdated 10
SPAR - Short idea - Bearish break below 200ma - Head & Shoulders neckline break - SL above R206 - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SPPShortby Trader-DanUpdated 9
Spar Group Equities Local | Spar Group | It's the bearish candle structure that causes me to be weary of aggressive positions in this name. In fact, a possible head and shoulder formation that has been building since 22 October could see the consolidation break to the downside. Buying support over the period has been 19543 however a loss of this level would see selling pressure accelerate with a measured target of 18284c. Stop-loss: 19800c.Shortby LD_Perspectives6
SPAR breaking previous highsJSE:SPP has, with today's movement, broken through highs that it has struggled with three times in the recent past. If it closes above thes levels and confirms a higher high, we could be looking at a nice upward move.Longby RossLarter8
$JSE-SPPJSE:SPP Chart to watch next week is $JSESPP Inverted head and shoulders. Break above 19700 (or there about) would open potential target around 23500 give or take.by ALSITRADER7
SPP Short Bounce as expectedSPP As expected Spar has bounced i however was expecting a short Rally I will see what the markets do by closure today Shortby surecanweightUpdated 2
Another SPAR reversalJSE:SPP is looking like it is reversing again. A bearish harami was formed and it is being confirmed by the stochastic. Shortby RossLarter4
short SPPWait for some signs of reversal and then short spar in anticipation of another leg down.Shortby momoparuk3
SPP ShortSPP long trms indicator H&S and breakout of TR to the downside with daily confirmation as wellShortby surecanweightUpdated 3
Short Continuation expectedSPP weekly data shown Double top within a H&S movement more downside expected. Shortby surecanweight2