Trade Setup: Spar Group
Unrest in certain parts of South Africa has seen some retailers come under pressure. For some, such as Spar, the restrictions on alcohol have place additional pressure, with investor sentiment souring because of the uncertainty. At the current short term depressed levels or better it may be an opportunity to purchase these shares on the expectation that sentiment improves, and investor interest returns.
Trading Levels:
Buy SPP in the range of 17100 to 17450 (close to swing support)
Stop-loss: 16770c
Target Range: 18500c to 18800c
Trading Levels:
Buy SPP in the range of 17100 to 17450 (close to swing support)
Stop-loss: 16770c
Target Range: 18500c to 18800c
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