ASSORE IS PRINTING HIGER HIGHS AND HIGHER LOWS,IT MAYBE AN IDEAL TIME TO ENTER FOR A LEG UP...RISKS INCLUDE LOAD SHEDDING AND TRADE WARS.STIMULUS WOULD INCLUDE TRADE WAR OPTIMISM AND RAND WEAKNESS.TRADING ON A LOW PE.IT IS HIGHLY VOLATILE AND NEEDS PROPER RISK MANAGEMENT.
Vodacom has started showing signs of a reversal of trend,we will look to enter after a pullback towards the 200EMA and some consolidation,it should be noted that the trend on the weekly is firmly down hence manage risk accordingly.
MEI is in the short term overbought,Will wait for a pullback towards the 200EMA before entering again,on the other hand we could see a bull flag in the making,it doesnt pullback but continues it journey upwards.Either way manage risk as always.
Reunert is beginning to develop a downtrend on the weekly chart and has dropped below the 200EMA,on the daily chart the price has rallied to the underpart of the 200EMA,has consolidated and is beginning its decent,it could be a good area to go short.
Blulabel is trading in a very very tiny range over the last few days,volatility tightening precedes an explosive move.On a balance of probabilities the break is likely to be to the downside....excellent RRR as well.