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 …
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 …
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 …
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 …
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