SteynTrade

JSE:TON Tongaat Mark-up

Long
JSE:TON   TONGAAT HULETT LTD
It is not a great time to buy during the mark-up, better to wait for the reaccumulation range to form, but the buying volume observed in April is now playing out. When all the other stocks were having a selling climax in March we observed that there was significant buying pressure on Tongaat (See posts below). After some more high volume, we are now seeing a mark-up taking place and price has doubled.

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