Shoprite has been under the cosh of late. Its latest operational update saw the stock sell off 6.33% on the 19th of October. But, as the stock slides down the decline support of its downward channel, there could be a recovery/relief trade for those brave enough to jump in.
Sasol is sliding up its lower inclined trend line and a number of recommendations have come out to buy the stock with a target just below the top of the channel at around R530 (±20% gain).
There are a number of conflicting indicators on MDC this morning and it just feels like a trade is brewing.
Bidvest is consolidating at support. Traders should be buying between R305.50 and R306.50 with stop losses set just below the R300 horizontal support.
The Aspen recovery is definitely still intact, and while the stock is looking more bullish, it is entering a critical resistance phase.
$ retesting the break of the R60.00 level. Hourly chart shows a decent buying opportunity off the new support.