On Monday 19 July, I spoke to the journalist from Barron's in New York who inquired about any SA names which could rebound if and when the (then) civil unrest fades.
I suggested two names.
First was BVT which rallied from R177 to R209.
Second was Standard Bank, which has rallied from R117 to R144. SBK is now at resistance and I think, if you managed to get into the trade, use the highs to trim/banks these gains.
The article should be on their website (sub required).
For more of these ideas and other technical insights, get in touch today.
@RolandBotes, let's see where the next trade is Roland.
unclecool787
⋅
Agreed. Had the same thinking, i got in around R124 and exited yesterday. Bit too soon perhaps but still a decent trade. Am thinking of shorting at these levels - what do you think of a short here or hereabouts say R146?
LD_Perspectives
⋅
@unclecool787, I'm monitoring the 156/158 area. if it breaks out here, that's when it could possible trade at next. Will post a chart.
@Lester_Davids, thank you! unfortunately when i clock the lnk it says you need to enable chart sharing on your side :-( not sure if i'm doing something wrong.
LD_Perspectives
⋅
@unclecool787, I will email the chart to you if that's okay
unclecool787
⋅
@Lester_Davids, thanks all good. i did receive it thank you