Shoprite on the go againThe stock jump to the higher mox with a Gap and drive pattern. closing the day at R177.22 my risk now is +2.43% I will add to my position tomorow then wait for R179.95 Risk before entry: +2.43%Longby VillageTraderZA1
Shoprite - Short Term Target Reached - ExitFrom our Thursday 29 July morning note, the target has been hit. For short term traders, this would be a level to exit. For more short, medium and long term ideas, get in touch today for a brief discussion. by LD_Perspectives1
Shoprite ready to moveWeekly chart. The stock formed a nice base at the COVID-19 crash. Shoprite is arguably the strongest retailer in our market. Nice ascending triangle pattern staying on the right side of the 200 week EMA. I’m watching the R162 level quite closely. Daily chart A slightly faster paced ascending triangle pattern forming on Shoprite. I’m waiting for a break through the R162.50 level to add to my position and trail my stop loss to R153.50 just below the 50 day EMA. Longby VillageTraderZA2
Classic Cup and handle patternClassic Cup and handle pattern. with 2/3rd retracement Cup. With a neck line 16200c Longby VillageTraderZA1
SHP - Bull flagAnother flag in the making for SHP. A break above R155 triggers the idea with a close below R150 as a stop loss while full target is at R162Longby JonathanOtero7f2
Chicken dinnerTook off most of this position, letting the rest ride on an ATRx2 trailing stop.by Herenya115
Market Neutral/Pairs Trade Idea: Long SHP/Short WHLOn a relative basis, it appears as if consumer discretionary is being sold off while consumer staples are being bid (see 24/05 pair long VOD/short TFG). Third wave theme still relevant? I continue to favour Shoprite (SHP) and we could pair that with a short on Woolworths (WHL). On this basis, we employ a market neutral strategy. Trade Levels: Current (Ratio: 3.00) Entry Range: 2.97-3.03 Stop: 2.85 Target Range: 3.24-3.28by LD_Perspectives442
Don't you know, pump it up!?You've got to pump it up! Shoppies to the moon! Well, to target for now will good thanks.Longby Herenya1
SHP - Bull flagA close above R148 will trigger the long idea. First target at R152 and full target at R160. Stop loss a close below R145Longby JonathanOtero7fUpdated 3
Shoprite finally comes to the party, after solid resultsShoprite finally comes tot he party after resultsLongby VillageTraderZAUpdated 1
Shoprite Trading PlanWaiting for SHP to possibly trade down into the 14000 - 14300 area to go long. Long trigger will be a clear hourly reversal in this area. Looking for a move into the 15300 - 15850 area.Longby TraderT1307Updated 552
ShopriteCould shoprite be flagging for another leg higher? That's a R30 bull flag should it materialize.Longby Innocentmaponde114
SHP - Downward MomentumJSE:SHP is showing some good downward momentum and we could be looking at a short position. It is currently at a bit of a support level, but if it breaks through, I think we are good to go. The stochastic, MACD and EMAs are all confirming this move.Shortby RossLarter0
SHP bull flagSHP looking interesting. It is pulling back what looks like a possible bull flag. Recent gap and 50dma around the same level. I will look for a reversal in that area for a bounce.Longby jhwolmarans2
Shoprite A chart from my weekly research report. Message me for full trade details, including whether it's long or short. by LD_Perspectives110
$JSESHP Shoprite Bull flag targetAfter the bull flag break at around the 13800 the flag was tested twice. The last test was around the 13100 level before a very powerful move to the first target of 16083. That level has now been reached. A second target for this flag pattern around the 16750 level remains. Longby KoosKanmar5
Shoprite is currently on the right trackWe might continue to see this guy continuing to gain more and more weight after that huge fallLongby Mars_African_Empire0
ShopriteDescent 'numbers' released today, helping price break an area of resistance that has been holding since September 2020. If price can sustain above that 149/150 previous resistance area, next we can set sight on 180.Longby Innocentmaponde115
JSE:SHP Shoprite Up Thrust and Failed TestShoprite had a push to break the yearly pivot point with some volume but after a the upthrust (UT) there has been two lower volume test that has failed. A large reversal bar yesterday also indicates the path lower is open now. We are likely to test the 10000 level and potentially breaking it. This looks like a backup (BU) after the breakout of the previous trading range (see posts below)Shortby SteynTradeUpdated 11111
SHP - Inside bar + bull flagBreak of R137 triggers long idea. With 1st target at R150 and full target at R170. Stop loss close below R130Longby JonathanOtero7fUpdated 2