SPAR - Testing 50 Fib

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.