Open Free Account


Mr Price - Technical Trade Note

Mr Price.png

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

Mr Price.png



Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.


GT247.com: +27 87 940 6101

IT support & help desk: +27 87 940 6107

Client relations (new accounts): +27 87 940 6106

Sales: +27 87 940 6108