GT247.com Trading Blog

Your Morning Market Podcast 12 July 2017

Written by GT247 Trading Desk | 12 Jul 2017

 

Looking at Coronation and First Rand technicals

Coronation:

Closed on the line of the short-term trendline at a price of R65.32. A break below this level could see it testing the long-term support level at R61.79.

 

First Rand:

Still trading under pressure therefore expecting more downside to the short-term support level at R46.75. A break below this level could see it test its long-term support at R43.39.

 

 Wishing you a profitable day of trading.

 

Musa Makoni | Trading Specialist at GT247.com

Follow @Makoni_Henry

Wishing you a profitable day of trading.

 
 
 

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