JSE:TON Tongaat Hulette Buying below R5
Tongaat has been having their troubles but someone is buying aggressively below R5. We have seen a volume spike on the selling climax and now again on a spring from the lows. After a very week backup attempt to the downward sloping trading range, we could see some rally back to the upper boundary of the downward sloping stride. Buying weak stocks in a weak market is high risk but it seems someone is interested in Tongaat.
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