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

my crystal ball

Reply
Not applicable
I am calling a short term correction in resource stocks. USD index is looking really strong, which is traditionally bad for resources. The rally over december hardly translated into any gains in the majors, and Anglo's 3% move on Monday is looking like an exhaustion move to me. I have exited my position, and am waiting for the retracement.
0 Kudos
3 REPLIES 3
kwagga
Super Contributor
Anglo is getting close to some strong support levels between 34000 - 33000. I don't expect it to break down through these support any time soon, but you never know.
0 Kudos
saash
Super Contributor
What is the market effect with the unemployment stats out the US today?
0 Kudos
SimonPB
Valued Contributor
0 Kudos