Astral Foods building some momentum post the annual results. A test of the intra-day high of R205.35 made on the 5th of September could be on the cards. The share is now trading above its 200-day MA.
Currently, trading @ R165.49 – The 50-day moving average @ R163.56 could provide some support. A push higher and a test of the 200-day MA @ R177.68 is possible. Horizontal support around R143. Horizontal resistance around R195.
Super Group could find some support at R27. The share is trading in a range of between R27 and R30.19. The 50-day MA could @ R28.88 could act as an initial resistance point.
Tencent plans to announce their 2019 Q1 results tomorrow. The 200-day MA followed by the 23.6% Fib retracement could be key support levels.
Break below diagonal trendline can test support at R13.85. The 200-day MA at R14.21 could provide some resistance.
Gilead Sciences, Inc. is expected to report earnings after market close. According to Zacks Investment Research, based on 7 analysts' forecasts, the consensus EPS forecast for the quarter is $1.53. The reported EPS for the same quarter last year was $1.37. Gilead under performed the XBI - S&P Biotech ETF since Q3 2016. Horizontal support at $60.32 will be a key...
Since the share reached an intra-day high of R41.83 on the 25th of September it has declined by more than 21%. Support can be found at R31.97. Target price would be around the 23.6% Fib retracement at R35.45. Fundamentally Super Group appears to be offering value.
Redefine has been trading in a range of between R10.64 and R9.35 since Q3 2018. It briefly broke out of the range yesterday and reached an intra-day low of R9.25 which now could act as a short-term support level. The 50-day MA @ R9.96 will be a resistance level. The SARB repo rate announcement on Thursday afternoon + Moody’s credit rating decision Friday could...
Barloworld moved slightly higher yesterday to close at R125. 200-day ma at R126.28 could be a key resistance level. The 50-day ma @ 122.96 could provide some support. Should the 50-day ma cross above the 200-day ma it could be viewed as a bullish signal.
200-day MA @ R33.27 could provide some resistance....if we gain momentum from here next level would be around R34.
Stonger GBP could help the share out today. Test of the 50-day moving average @ R60.07 could be on the cards. Support around the 200-day MA @ R57.39.