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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