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Online Share Trading

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Snh

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Super Contributor

Can anyone explain this heavy selling? I see support at 65.50 but at this rate I don't know if it will hold.

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Occasional Contributor

Rumour that SNH told analyst privately that like for like. sales at Poundland were down. I cant find anything else to explain drop

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Contributor

Possibly report that Matress Firm Holding Corp in US phasing out Tempur Sealy products to weigh on Revenue and Profitability?

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Occasional Contributor

Hi,The Trend is Down on the daily and weekly charts.Actual Support is at R62.16 if it closes below it then be ready for another down momentum

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Solution
Super Contributor

Russ,  SNH is a beast and my recommendation is made with very little confidence. 

I think that the current selling pressure for SNH has hit a brick wall for now. I see further upside from here.

 

Strategy

250 - 1000 cfd at current price level , stiop loss at R59.60 .

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Occasional Contributor

Up 2.2% today - I think it's how long you want to hold for. It's pretty much at a 2 year low - I'm down 10% but with a weaker rand and better consumer sales in the EU hopefully, I'm in for the next 12 mnths.

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Super Contributor

Yes, snh, like most of my shares, needs a weaker rand.

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