UnknownUnicorn3689126

UnknownUnicorn3689126

Nedbank has spent most of this year in a bearish downtrend trend. After creating a high of R316.50, Nedbank fell as far as R223.58. It has rebounded off the low, but the stock is finding itself at a key resistance level once again. The devil, however, is in the detail so let us analyse the chart. The first thing to note is the declining trendline. Nedbank ...

UnknownUnicorn3689126 Updated 

BHP Billiton has had a solid bullish run since the start of 2016. After falling to a low of R136.30, the share price has steadily risen, reaching a recent high of R326.73. But the mood on the stock might just have changed... If you look at the short-term trend-line, you can clearly see it's been broken. Where it found support before, it has now found...

UnknownUnicorn3689126 Updated 

For almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period. In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart. Firstly, note how Amplats is...