Spar: Rebounding From Buy Range; Now Back To Neutral
- Lester Davids
- 12 hours ago
- 1 min read
Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may
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The share traded into the buy range and only spent one day below this level (07 April where there was high volatility). Since then we have seen a gradual rebound from R108 back to R120 (now R118). The 50-day EMA could act as a temporary resistance range.
Previous Post (18 March) : Spar Group: Approaching Oversold + Becoming Extended vs 75-EMA
Lester Davids
Senior Investment Analyst: Unum Capital
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