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[JSE:SPG] Super Group Ltd - Technical Note

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Dean Bakos
spg nov .gif

Super Group Limited

SPG looks like its forming a nice head and shoulders on a daily chart. The 50 day moving average is relatively far away from the 200 day moving average. Naturally we should see the 50 day moving toward the 200 day and once the share closes below 3900 we can short SPG and take profit at 3600. Place a Stop Loss at 4200.

Wishing you profitable trading.


 

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