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Taahir_Joosub
Dec 27, 2019 7:22 AM

SPP- Head & Shoulder Forming Short

THE SPAR GROUP LTDJSE

Description

A 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

Comment

Target hit. Moving after yesterday's trading update
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