Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Time to sell?

Reply
AP
Regular Contributor
I assume trading statement update was lower than expected and hence the reason for the sell-off today? Is it time to sell now?
0 Kudos
5 REPLIES 5
Rovert
Super Contributor
its time to buy!
0 Kudos
AP
Regular Contributor
It appears like a head & shoulder pattern and it is testing the neckline support at moment and if it nreaks through it it may fall much lower; or am I wrong (note: I'm note the expert with these patterns so feel free to correct me)
0 Kudos
Not applicable
well, it has a PE of 27, and is reporting earnings at around 15% increase - makes it a bit hard to justify the huge evaluation, IMO
0 Kudos
Galuc
Super Contributor
Not sure why it is getting pummeled like this, results are good, rsi is oversold, stochastic broke through but maybe it is waiting for the macd to break up! Still believe it will turn north in the next week or so, but if it breaks below 110 then I am packing for perth.
0 Kudos
Cedric_1
Contributor
Have you bought your ticket yet?
0 Kudos