Mr Price Group Limited

MRP - Long Term Idea

113
We may derive the following from the Weekly MRP chart:

1. Price is still in a downtrend.

2. We have a bullish zone at around 177.

3. Price i.m.o should drop lower first before a longer term push to the ATH.

4. I would consider buys at the weekly support, but for now, unless you are short, there isn't much of an opportunity.

5. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.

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