Bad miss from Anheuser-Busch today – Q1 vs estimates * Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL * Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL Technically, the price graph is not looking promising, with a break and close below R1220, most probably lookin to test...
End of week 3 May 2019. Tough week for #Gold & some #Property stocks. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Rebosis Property 28 Hammerson PLC 29 Harmony Gold 33 Brimstone Inv Corp 34 AngloGold Ashanti 34 Overbought: Foschini Group 76 Transaction Capital 76 Reunert 74 Blue Lable Telecoms 74 EOH...
End of week 3 May 2019. Tough week for #Gold & some #Property stocks. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Rebosis Property 28 Hammerson PLC 29 Harmony Gold 33 Brimstone Inv Corp 34 AngloGold Ashanti 34 Overbought: Foschini Group 76 Transaction Capital 76 Reunert 74 Blue Lable Telecoms 74 EOH...
Nice littler breakout lately for $JSERMH, through long-term resistance, to close at a 52-week high on Friday. RMH now trading at the Thomson Reuters consensus target price.
After disappointing earnings results last night, Alphabet Inc (GOOG) lost 7.7% of its value and again struggling today (-2%). They say a picture say a thousand words, and this one is no different. With a possible inverse head and shoulders developing, a bounce could possibly drive the share price higher, but I must admit, the risk seems to me to be on the...
End of week 26Apr19. Another great week for #Coronation & #Naspers. FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Rebosis Property 30 South32 32 ArcelorMittal 33 Intu Properties 36 Hosken Consolidated Investments 36 Overbought: Coronation 81 Blue Label Telecoms 78 Santam 73 Transaction Capital...
Tough week for the $ZAR! Yes, there was some USD strength, but in general, more ZAR weakness. #BRICS currency/USD movements for this week: Brazil 0.0% Russia -1.1% India -0.6% China -0.4% South Africa -2.3% Euro/USD -0.9% Technically, the USDZAR developed a nice little parallel channel. The cross we saw in the moving averages was also reversed on 12...
So confession time – this will be the one that got away for me in 2019 thus far. What’s not to like about the product? Great recovery coming from $JSEANH since the start of 2019, bring the price at a point where investors need to be sober and alert. Currently, at year-to-date performance of 31.5%, ANH finds itself at the top of the diagonal parallel channel. The...
Looking at Brent Crude Oil Price, it’s a tough one to call for now technically. Price does seem heavily overbought according to its 14 day RSI. Historically (10 years), it would’ve been unwise to bet on a continued run after the RSI breached the current 78 levels. Should we see a bit of a pull-back, $71 seems like first level to watch, with 200-day moving...
End of week 12Apr19. Another great week for #Coronation & #Naspers. FTSE/JSE Allshare Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Afrox 22 Sun Intl 28 WBHO 30 Nampak 33 Capco 34 Overbought: Coronation 81 Naspers 76 Kumba 72 MultiChoice 71 Santam 71 Spending a bit of time on Naspers. What a great year $JSENPN (YTD...
#Coronation YTD performance is currently 29.6% & remaining one of my favorites. It recently had a nice breakout, with moving averages looking friendlier. Both 5yr & 10yr Market Cap/Assets under Management % still indicate the company to be on cheaper side but getting close to fair value relative to International Asset Managers. Technically the trend is getting a...
Another solid week for the $ZAR, 2nd best performing BRICS #currency for week. Ended last week above the R14/USD mark & this week at R13.95. #BRICS currency/USD movements for this week: Brazil -0.2% Russia +1.5% India 0.0% China +0.2% South Africa +1.0% Euro/USD +0.8%
AECI currently one I’m watching very closely. Share price little bit under pressure lately, which currently look good for an entry point. AECI is a South African-based explosives and chemical specialty company. The company is engaged in offering a range of products and services to customers in the mining, manufacturing and agricultural industries. Could be...
End of week 5Apr19. When last did we see #Coronation in top overbought list? FTSE/JSE Allshare Top5 oversold/overbought according to 14day RSI indicator as follow: Fortress B 22 Omnia 23 MIX Tel 25 Nampak 27 Afrox 28 Alex Forbes 77 Naspers 74 Coronation 73 Kumba 71 African Rainbow Min 69 Spending a bit of time on Kumba. Nice recovery that started in January...
That’s more like it! $ZAR clearly in a better Mood(ys) this week, outperforming all other BRICS #currencies. #BRICS currency/USD movements for this week: Brazil +1.4% Russia +0.6% India 0.0% China -0.1% South Africa +2.9% Euro/USD 0.0% Technically, the ZAR also looking much better. Since last week, it broke through the support at R14.39, the 200-day...
I'm very bad at calling "tops" & "bottom". If the market taught me anything over the past 25 years, is to NEVER jump in front of a moving train ;-) Looking at the Top40 technically, it does seem like we're in "overbought" territory according to its RSI. The trend is however very strong (moving averages are also starting to "smile"), we saw a "Golden Cross" on...
Global Tech companies made a great comeback since giving brave investors the best Christmas (time of Low) 2018 gift ever. ISHARES TRUST GLOBAL TECH ETF now approaching its all time highs the ETF made in August & October last year (2018). Nice little inverse head and shoulders developed, confirming the reversal in the downtrend. Share price also made a Golden Cross...
What a week for the $ZAR, starting at R14.47/USD and ending at R14.47. The big BUT, is that it went to R14.75 during this period first and all the way back. Ratings agency Moody's said it would not publish a review of South Africa's debt rating on Friday as indicatively scheduled, without giving a reason for the delay or the next scheduled release date. #BRICS...