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Online Share Trading

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Views from the forum please

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FEK
Super Contributor
Hi there, please can I have some views on this share both technical and fundamental, thanks.
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17 REPLIES 17
mullet_fish
Regular Contributor
strong both ways....a pity we didn't all get in a few years ago at R4!
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FEK
Super Contributor
Agreed but sure there is more upside in the offering. What do u mean strong on both sides ?
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FEK
Super Contributor
Sorry, I get you, both fundamental and technical looking good to the upside. What sort of targets do u see ?
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mullet_fish
Regular Contributor
Wouldn't push it too much in the short term - R33.50.
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Dr_Phopho
Contributor
Great for long term investment...but for trading, it is slow moving
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Russ
Super Contributor
It seems to have formed a symmetrical triangle over the last 4 months.I would wait to see which way it breaks.
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FEK
Super Contributor
Thanks Russ, normally it should break to topside, what is apex/break out point ? If that happens what target do you see ?
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FEK
Super Contributor
Rams, can I please have your take on OML, I do value your opinion.
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Russ
Super Contributor
Yes,it is normally a continuation pattern which in this case means a break up is more likely.SLM has already made a breakout so it would not surprise me if oml also does (both life insurance).
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FEK
Super Contributor
Thanks Russ, once again, what is apex figure and what target d u see after break of apex towards upside.
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Russ
Super Contributor
You can add about R6 from point of breakout (or subtract if it breaks down!)
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FEK
Super Contributor
Thanks once again, I really appreciate it. What is breakout point ?
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Russ
Super Contributor
That I don't know.I don't even know if it will break upwards.I just think that is more likely.It could still get squeezed into the apex for a few more days as the buyers buy near support and the sellers sell near resistance,until something gives!
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FEK
Super Contributor
Thanks Russ, much appreciated.
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FEK
Super Contributor
What is low point of triangle ? Did it break lower ?
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Russ
Super Contributor
Yes,it gapped down today from the support line.I don't really like it now.I think longer term support is at about 2890.That would also be the support line of a head and shoulders which started forming in July.I exited this morning.
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FEK
Super Contributor
Filled gap up to R30, does the chart still awful or is it on its way up again ?
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