Join Moneyweb Editor Ryk van Niekerk, economists Dr Iraj Abedian and Isaah Mhlanga and tax practitioner Yolandi Esterhuizen on Thursday, February 25 at 11h00 in a free webinar analysing the budget. Registration is essential.

Bullish markets and the rand set for further gains

Petri Redelinghuys from Herenya Capital on the top 40 trend looking up and Aspen on its channel range, Anchor Capital’s Nolan Wapenaar talks markets as the rand powers stronger. FNB’s Chantal Robertson on tax loop structures and relaxed regulations.

AUTHOR PROFILE

COMMENTS   1

You must be signed in to comment.

SIGN IN SIGN UP

Agreed.

Rand at around R14.50 has very strong support. Looking at a weekly chart that would be where a trendline and importantly the 200 period SMA are both supporting the Rand.

Closer inspection also shows a head and shoulders pattern with price action right at the neckline now around R14.50. Will either bounce but should it break the first target could be around the R13.50 mark and the scary target around the R10-00 to R10-50 mark.

Stranger things has happened.

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / PODCASTS SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles: Advanced Search
Click a Company: