Super Group

Super Group after hitting the high of 1.105 on 18th Mar 2016 it had since continued to trend lower to touch 85 cents on 19th May 2016. This is rather bearish.

The current price of 85.5 cents is staying below the SMA lines which is generally quite negative.
Also SMA linces has started to turn downwards which is a sign of further weakness.

Both Macd & Rsi are also pointing downwards which may be a tell tale sign that the share price may continue to trend lower.

Short term wise it may go down to re-visit 81 cents then 80 cents. Breaking down of 80 cents may see it goes further down towards 72 cents.

Current price of 85.5 cents is about PE 20 times ( EPS about 4.24 cents) which is still quite a high
price. Think at PE 18 times which is about 76 cents looks quite a reasonable price to consider for accumulating.

 (trade base on your own decision)