After reporting results yesterday, MTN saw it's share price rocket to an intraday high of R138.00, before closing the session at R135.00. The share has been range-bound for extended period of time so I thought it would be great to have a look at the long...
After reporting results yester...
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While the negativity against the US Dollar has been overwhelming with many market participants writing off the currency over the medium term, the US Dollar is starting to find it's feet amid a stable labour force, underlying economic strength and rising interest rates which could...
While the negativity against t...
Read MoreAfter breaking out of the falling wedge, the pair started to pull back, retreating at the 50-day moving average. Yesterday we saw the price continue to rebound off the prior breakout level. With the 50-day starting to stabilize on the downside. In pre equities-market trade...
After breaking out of the fall...
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There is a popular saying in financial markets that goes something along the lines of "The trend is your friend, until it ends". This basically suggests that one has to be on board stocks that are trending higher and avoid those that are trending lower. Using...
There is a popular saying in f...
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After breaking out of the falling wedge, the pair started to pull back, retreating at the 50-day moving average. The price also tested an intraday low of R11.71, just above the prior breakout level. It should be noted that a pullback near the bottom of...
After breaking out of the fall...
Read MoreOn Monday the index found support at the 50589 level, a zone that has held at support over the last two trading sessions while it should also be noted that this support zone is also just above the 200-day moving average. After rallying as high as...
On Monday the index found supp...
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