Mr. Price | Insights From The Monthly Chart

Wednesday 30 October 2024

Time Published: Pre-Market

• Recently, the share's 7-month RSI reached a high of just above 90 (end-September)

• Historically, the subsequent return after the RSI reading of 90 or above has resulted in either a consolidation phase, or a pullback.

• This highlights the poor prospects for new buy/long positions.

Lester Davids

Analyst: Unum Capital