GT247.com Trading Blog

Your Morning Market Podcast 24 July 2017

Written by GT247 Trading Desk | 24 Jul 2017

 

Looking at Coronation and Discovery Technicals

Coronation:

Initial resistance has now become support. Maintain a bullish position with a target price of R69.50 which is at the long-term resistance line.

 Source: Bloomberg 

Discovery:

Pulled back slightly on Friday but still managed to close above channel. Long-term target is R150.50 but take some profits at R145.00. Needs to close above the channel for bullish stance to be maintained.

Source: Bloomberg 

 

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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