Trade note on Mr Price Group Limited (MRP)
An opportunity has presented itself on one of my favourite shares and I am taking the trade on Mr Price Group Limited (MRP).
The price action was trying to break through the 25041c resistance level on a few occasions and has finally broken through this level yesterday.
There was also a favourable SENS announcement that came out yesterday after the market close that might support the move higher.
SENS link: https://senspdf.jse.co.za/documents/SENS_20180117_S394397.pdf
Trade: Mr Price Group Limited (MRP)
- Entry (Buy): at market or 25617c
- Stop loss: 24106c
- Target price: 27522c
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