Spar has had a great rally from the December low where it presented much value.
It has now tested the 0.50 retrace level... 50% of it last major down leg.
The down sloping 200dma is currently around R146 (top of ambush zone)
Bulls may need to recharge at R130 - R133.50 zone and let the 20ema catchup.
It has now tested the 0.50 retrace level... 50% of it last major down leg.
The down sloping 200dma is currently around R146 (top of ambush zone)
Bulls may need to recharge at R130 - R133.50 zone and let the 20ema catchup.