Mr. Price | Insights From The Monthly Chart
Oct 30, 2024
1 min read
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
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