JSE:QLT - Retest of break out zone , possible move to even R28.00 is probable - Great play on weakening ZAR/GBP. Good long only buying around bigger levels. - Target , previous highs , second target R36.00.
- Sharp drop from 50 EMA , expect re-test this week +. - 20/ 50 both down ward sloping, suggests better selling at back test area, suggest waiting for confluence of tape. -Target - first target would be near R2300 , with bigger picture back to R2075 JSE:NPN
CLICKS - first 8/1 EMA Cross ( -ve) - Head and Shoulder formation - 32 Forward PE vs Sector at 17
- Strong move with 8/21 EMA looking to break 200 MA - expect EM Risk on Sentiment. - ZAR could target R14.00 - Would be underweight SA Gold names here