Super Group

Super has had a super run since 2009, gaining >900%. But recently it seems to have stalled at the top end of its long term resistance at 3.29 (see the weekly chart inset) and looks to be charting a bearish descending triangle on its daily & hourly chart. Its a good stock to own, but with “super” overbought weekly RSI, a fairly significant decline may be the case unless they get bought over etc. Short term resistance/support is 3.22/3.00. Its a better buy at 2.60-2.80 long term at the lower end of a long term support & 23.6% fib retracement.

Super261212

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