Gamma, you might be right.I see the high today was R360 which in my opinion is the neckline. That might have been the "goodbye kiss". It is oversold on the daily and weekly chart so it might test that neckline again. The monthly chart suggests more downside in my opinion. A close below 344 would be bearish (based on the trend lines).
MDC Definitely flagged a buy today. Telkom - I exited. They just recently announced disappointing results, and the price action confirms the market's dissatisfaction. It is going to be another 6 months before anything positive comes out again - unless they have some rabbit in the hat
LABAT AFRICA SHARE PRICE ON THE INCREASE GET IN NOW AND ENJOY THE RIDE UP the Company has been short-listed as a preferred bidder in relation to a potential acquisition of one of the other logistic opportunities. Shareholders are advised that, as a preferred bidder, the Company has signed a non-binding non-exclusive term sheet, with a certain party (?the Seller?) in terms of which Labat will acquire the Seller?s business assets and operations (?the Sale Assets?) (?Proposed Transaction?). In terms of the Proposed Transaction, Labat will acquire the Sale Assets for a purchase consideration of R627.5 million (six hundred and twenty seven million and five hundred thousand Rand) to be settled in cash. ENJOY GUYS