Investec consolidationFinancials were promising prior the release of the Phala Phala report, political shenanigans are over now (hopefully). Took a long position as JSE:INP crossed R103 but the share price then got stuck in a limbo. The position is still alive, waiting for a breakout on either direction, preferably on the up side.
Trendtraderjse
HoskenJSE:HCI had a great year after trading above R84/share. The stock went on to gain 124% plus before trading sideways. It's not trading closer to a potential support level, but if JSE:HCI can trade below R145/share, it might easily give up the solid gains. Investors don't have to, they can always lock up their gains.
AMS, bullish?We've noted several PGMs turning bullish in the past few weeks, and we have an JSE:AMS position. At the moment JSE:AMS seem to be retesting the (rising) 200MA, if it find support there, the stock may continue to rise, especially if the sector is turning bullish. Other notable players are JSE:IMP & JSE:SSW (position)
ShopriteJSE:SHP tested R247 this morning, the stock previously failed to break above this level creating what looked like a double top. Luckily, the recent low was a higher lower, an uptrend movement is still possible. JSE:SHP will be attractive if it breaks above R248, a buy stop order can be useful in getting a decent price near a pivot point.