Shopping list 5 November 2021
Shopping list 5 November 2021 Barloworld Capitec Bank Sasol Shoprite Telkom
JSE Stocks Technical analysis
Telkom: More value unlocking to come.
Telkom: More value unlocking to come. The company came up with an update of it’s intent to list their towers business “Swiftnet”. As part of their ongoing strategy to unlock value for shareholders as they believe Telkom’s share price and market isn’t reflective of the intrinsic value of the business. The market loved the news. …
Aspen the trade
It’s not too often that a stock shakes off the ex-div price adjustment and closes green on ex-div. To get a bit of context on the market’s memory of the stockI decided to go back to the glory days from August 2013 to its ultimate crash in September of 2018. The R240 price was nothing …
Mr Price
Wind at the back. Mr Price was one the companies that came out on the other side of the pandemic stronger than most. The company made two notable acquisitions in Yuppiechef and Power fashion. The company issued a trading update on the 7th of August. Retail sales were up 48.8% (38.6% excluding Yuppichef and Power …
Sasol
Wind at the back Can Sasol go back to its former glory at highs of around R630. Well let’s look at the possibilities and the risk of finding out if it can. The area between R200 – R240 has strong support and an area of strong memory. The market defended that level from 2005. Until …
Dis-chem Pharmacies
Wins at the back The vaccination roll out is a good thing for Dis-chem. The slower the roll out the better because it means more foot traffic into the Dis-Chem. South Africans coming in for a vaccination and some picking up a snack or two and items at the stores on the way out. Moreover …
Astral Foods
Triple screen Monthly chart We had a bullish divergence pattern as the stock held the 200 month EMA. A bullish divergence is a classing reversal pattern. The stock has since formed a base with what is starting to look like a cup and handle pattern. Another reliable classic chart pattern. The neckline of the cup …
Lewis (LEW)
Wind at the back Lewis offers a great risk:reward opportunity at the moment. After forming a long term base and breaking from it last month. The stock recently broke above the 50 month EMA. We could see the stock retrace back to the R39 support and is likely to hold it. With a long term …
Coronation
This is my kind of Dip to buy We have an inverse head and shoulder pattern. The right shoulder holding the 50 month EMA. If the stock is to have a go at the R115 highs these levels are about where levels provide an interesting 5.9 risk:reward long term opportunity. If the stock takes out …
Aspen Pharmacare
Weekly chart Aspen has been amongst the darlings of the COVID-19 crash recovery. The stock initially started building a base after a bullish divergence when the stock hit its lows of August 2019. The COVID-19 March crash made higher lows, the stock continued to make higher lows on the weekly chart. The stock is up …