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Mr Price Group is a publicly traded retail company with brands like Mr Price Clothing, Mr Price home and Mr Price Sport. Their group results for the year ending March 2018 reported an 8% rise in total revenue. They also reported a 21.1% rise in diluted headline earnings per share. The opened 57 new stores for the year and they had a total of 1 258 corporate owned stores at year end.
- The 20 & 40 day moving averages confirms that the momentum to the bottom is still in place.
- The 20 day moving average seems to turn around but the optimism will only be confirmed when the 20 day moving average breaks upwards above the 40 day moving average.
- A double bottom was confirmed with a close above line B (R231-67). The target of the double bottom is R250 and below R212-35 the formation will become obsolete.
- Line A (R232-12) which has kept the momentum to the bottom in place since April this year, was tested.
- For traders – Buy above R233 but use R210-66 as stop loss to protect capital. The possible targets towards the top are R235-70, R238-77, R240-93, R243-09, R245-76 and R250.
- For medium to long term investors – The weekly graph is nicely oversold and technically we would prefer to see a higher low first before we accumulate for the long term unless if you are keen to the same as the traders above.
Frans & Christelle de Klerk[:AF]
Die Mr Price Groep is 'n publieke kleinhandelaar met handelsname soos Mr Price klere, Mr Price Home & Mr Price Sport. Hul groepresultate vir die jaar geëindig Maart 2018 het 'n styging van 8% in totale inkomste gerapporteer. Hulle het ook 'n verhoging van 21,1% in verwaterde wesensverdienste per aandeel gerapporteer. Die maatskappy het 57 nuwe winkels vir die jaar geopen en hulle het op die einde van die jaar 1 258 maatskappye besit.
- Die 20 en 40 dae bewegende gemiddeldes bevestig dat die momentum na onder steeds in plek is.
- Die 20 dae bewegende gemiddelde lyk op die punt om na bo te draai en 'n breek van die kort gemiddeld deur die 40 dae bewegende gemiddelde sal die optimisme bevestig.
- 'n Dubbellaagte, wat gesien word as ‘n positiewe beweging, is bevestig met 'n sluit bokant lyn B (R231-67). Die teiken van die dubbellaagte is R250 indien die formasie na bo uitspeel, en onder R212-35 sal die formasie van die tafel wees.
- Lyn A (R232-12) wat sedert April vanjaar die momentum na onder in plek gehou het word tans getoets.
- Vir spekulante - Koop bo lyn B (R231-67), maar gebruik R210-66 as keerverlies om kapitaal te beskerm. Die moontlike teikens na bo is R235-70, R238-77, R240-93, R243-09, R245-76 en R250.
- Vir medium tot langtermyn beleggers – Wag geduldig dat die gemiddeldes eers kruis en dat lyn A ‘n behoorlike steun word vir ten minste 2 weke. Peusel dan, maar hou by dieselfde keerverlies as deurgegee aan spekulante.
Frans & Christelle de Klerk[:]