Someone wants to buy 700000 sabdbt at 34c and someone wants to sell 1000000 at 36c.One of the two must have it wrong. It has broken through some serious resistance.On the other hand it is seriously overbought.It could either correct or continue up and stay overbought for some time.Any opinions?
Where are the fundamentals backing the rise? Dividend not that great. SA volumes looking to be 7% down (recent FM article) and unemployment up worldwide. CFO mentioned results were "resilient". 1&2Q growth balanced by 3&4Q decline. What happens to the results of a company known for cost efficiency in a volume decline....?