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oliebobbenos

SHP - Possible Bulls Breakout above R177

SHOPRITE HOLDINGS LTD (JSE:SHP)  
oliebobbenos Updated   
JSE:SHP   SHOPRITE HOLDINGS LTD
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
SHP had a bear trend since Mar 2018.... started moving sideways Jan 2019 to current.

Possible new Support at R166. (Not tested and confirmed yet)
Stong Resistance at R177
Breakout above R177 - R178 and tested may be a bulls breakout indication.
Target 1 - R190
Target 2 - R196
Target 3 - R206

This is just a possible scenario. Any other suggestion will be appreciated
Comment:
SHP could just not break Resistance at R178.
Hope R166 will be support -LOL - otherwise it is going to be R152.
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