Mr. Price 'very happy' in today's session, up an impressive 4.4% so far.
But how far can it go?
In its way, we have falling 50 and 200 day moving averages between R226 and R231 which may potentially limit further gains.
I'm monitoring these levels for a potential short
Support comes in around R205 on the daily chart.
Looking at the weekly, again there is support around the R205 area which also coincides with the 200dma.
A weekly close below these levels potentially opens up for further downside.
But how far can it go?
In its way, we have falling 50 and 200 day moving averages between R226 and R231 which may potentially limit further gains.
I'm monitoring these levels for a potential short
Support comes in around R205 on the daily chart.
Looking at the weekly, again there is support around the R205 area which also coincides with the 200dma.
A weekly close below these levels potentially opens up for further downside.