KatlehoThaba

KatlehoThaba

- Wescoal closed the previous week with a break out of the bullish flag. - As economies open up globally, demand for Coal is also expected to rise, especially from the China. - We still have a decade or more of coal presence, especially in developing economies.

KatlehoThaba

Standard Bank is announced it has concluded an agreement with its controlled company, Liberty Group, to buy all the remaining shares that it doesn't own. The transaction is awaiting regulatory approval. On the charts, SBK has been trading lower and it is approaching a minor uptrend line, which could be a turning point to the upside. The potential yield is 60-84%.

KatlehoThaba

After a 2 months correction, the up trend seems to resume as price has broken out of the daily descending channel, which also marked a successful rejection at swap zone (supply turned demand zone)

KatlehoThaba

Capitec has created a bullish flag, which is a continuation pattern. I'm expecting it to reach a new high of R1910 after price breaks out of the flag.

KatlehoThaba

Price completed wave 2 at 50% retracement area and currently in wave ii of wave 3.