Technical Tuesdays

14 January 2014

Our weekly technical report is compiled by in-house market analyst Shaun Murison.

In the report this week we look at the South Africa 40 index, key indicators as well as the following equities:

Tiger Brands

BHP Billiton

MTN

Investec Plc

Please note that the below is a condensed version of the report, for the full PDF version  click here.

View market data

Company data

Dividends

Economic catalysts

South Africa 40 index

Equity in focus

Tiger Brands

The price of Tiger Brands is trading in a triangle consolidation. These types of consolidations are generally considered continuation patterns as the price has a habit of continuing the preceding trend, which in this situation was down.

It is however prudent to wait for a breakout to occur before committing to a directional move in either direction.

The breakout levels are considered at 27000 or 25750. Should a breakout occur, a move equal to the height of the consolidation (dotted red line) is anticipated in the same direction as the initial breakout.

Market overview

A Technical Analysis overview of key indicators and sectors with regards to trend, volatility and overbought/oversold conditions.

Click to view this week's market overview

 

 

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