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17/04/2018 – UnumCapital
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Apr 2018

Technical Trade Idea: Tongaat Hulett (TON)

Mid-cap sugar producer Tongaat Hulett has been hit hard on the back of falling sugar prices, a stable Rand and concerns over political developments i.e. land expropriation without compensation. The share price is down from it's peak of R120 in mid-January after opening the year...

Mid-cap sugar producer Tongaat...

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Mike’s Watchlist

Trades I'm currently looking at: CLS : Short around R189.00 or better, results out on Thursday @ 08:00. We think a bit to high valuations is priced in here. Currently there is 9 analyst recommendations on Reuters terminal, with no Strong buy/Buys, 5 Hold, 3 Sells,and...

Trades I'm currently looking a...

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Technical Trade Idea: Harmony Gold (HAR)

After breaking above it's long term, 200-day moving average, Harmony Gold has pulled back to re-test this level as well as the short term horizontal support in the range of R23.35 to R23.50. This one-week pullback (from a high of R29.08) has been quite sharp and...

After breaking above it's long...

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Technical Analysis – USDZAR

Over the last seven trading sessions the pair has continued to test resistance near the 12.09 to 12.13 level, only to retreat. The incline support going back to 26 March has been breached with the pair trading at 12.04 in morning trading. While the short term price...

Over the last seven trading se...

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Company News – Anglogold Ashanti Limited

Anglogold Ashanti Provides Update On Company Leadership Change And Ceo Search. The Board of AngloGold Ashanti (“the Board”) has announced the resignation of Srinivasan Venkatakrishnan, who after 18 years with the Company, with the last five years as Chief Executive Officer, has accepted an offer to...

Anglogold Ashanti Provides Upd...

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Company News – 4sight Holdings Limited

Voluntary Announcement Relating To  A Jv With Shenzhen Rongmei Science And Technology Co Limited The Group aims to expand its business operations, opportunities and customer footprint in the underserved Asia Pacific areas with a specific focus on the Chinese market. Of importance to the Group is that...

Voluntary Announcement Relatin...

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Technical Analysis – JSE Top 40

After finding support at the 48000 level, the index has continued to push toward the previously mentioned 50% and 61.8% Fibonacci retracement level. This level is just below the 50 and 200-day moving averages are situated, where we are also seeing an interesting development occur in...

After finding support at the 4...

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