Ready for Level 2 and the niceties that comes with it? Well, we're looking forward to the market.
Shoprite Holdings (SHP)
SHP closed above its 200 EMA last Friday potentially indicating a beginning of an uptrend. We're already in position since the 11th, having entered at R119/share.
MTN Group (MTN)
Pierced & closed above its 200 EMA. Don't you love it when this happens? It could spell another change in trend. Note the resistance level, the lows of Sept '18.
NewGold Debentures (GLD)
Confluence? Strong trend, dynamic support at 20 EMA, and at a support level. Time to add?
JSE Group (JSE)
Trendline is broken; potential inverse head & shoulder, neckline around R130. On the watchlist.
That's all for this week. Remember to manage risk.
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