@prancing horse Have a look at the weekly chart of WHL. The left shoulder and Head has already formed. The right shoulder is currently in progress. I am a bit bearish of this share. Have a look from Jan 2015 price action, you will identify the left should
WHL was the other side of the coin if I called my short on SHP incorrect, insurance so to speak. I realise I could be totally wrong. For me the charts don't come in to it at all. Where wages are going up at 6-7% and unemployment increasing, the poor are going to be hardest hit, the area in which SHP derives a fair portion of it's income from as well as it's exposure in Africa which at present is not in a good space. WHL are going to be affected as well, I feel to a lesser extend. I don't think you're going to bump into Simon doing his shopping at Shoprite or Boxer and so it goes for a lot of others. A PE of 22 vs one of 20, time will tell. Aussie $ vs Rand ?