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Online Share Trading

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Anyone else starting to pick off the stragglers?

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Tango
Super Contributor
There are a couple of index shares that are underperforming the rest of the index and look vulnerable, particularly if there is some sort of correction coming. I have OML and TKG in my sights as shares that could come down fast when we get some selling. Both have failed to make new highs as the index has climbed.
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6 REPLIES 6
Not applicable
Keep me posted on TKG T Man and your thoughts of when....cause as far back as I can remember you seem to have a good grasp on this share and have called it well on numerous occasions, both up and down!
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SKALA
Super Contributor
Tango, lekker, OML looks "tired" but not TKG, I think. Will watch. Took profit on TBS, MLA and PPC installments today.
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Tango
Super Contributor
update - OML seems to be breaking down as expected, but a green close today on TKG means a higher-high and cancels my bearish view on it
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john_1
Super Contributor
That is a very key point to remember, I do learn from you all the time, thanks.
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Not applicable
The bulk of the volume on TKG looks suspiciously low. Im not convinced.
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Tango
Super Contributor
looks ok to me - R43m+ by 11am is reasonable. Goes to show that everyone is looking at the same charts.. as soon as the previous high was breached it jumped up by 2%
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