CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trade Insights

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As part of the premium service you will receive daily insights on the shares you trade from your Premium Client Manager.

Trade insight example

Aspen Pharmcare Holdings Ltd

9 December 2014

We highlighted a potential head and shoulders, labelled L, H & R. Confirmation of the pattern is a break of the neckline support (39470c), and the projected price decline is found by measuring the distance from the neckline to the top of the head (37443c).

Further support can be found at 38700c. If the share price trades above the right shoulder (labelled R), one would consider the head and shoulder pattern to have failed and an indication that the original upward trend will resume.

Please note that the overall bias is to the upside with the long-term trend remaining to the upside with the share trading well above its 200 day moving average. Short-term weakness could see traders using it as an opportunity to re-enter that trend.

Important to watch the rand as 40% of group’s revenue is international and the rand weakness helps booster the share price. Rand surges to 2008 low yesterday; the general underlying local economic conditions remain weak with risks to economic growth evident in increased load shedding.

The rand remains the wildcard to numerous rand hedge shocks listed on the JSE. Expectations around the timing and pace of the US hiking cycle will have a commensurate knock on impact to the rand and will drive expectations around monetary policy domestically. - Travis Robson, Premium Client Manager

^{Aspen Pharmcare Holdings Ltd, 9/12/2014}

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IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. IG Markets South Africa Limited is an authorised financial services provider (FSP No 41393). Whilst IG Markets South Africa Limited is a regulated FSP, CFDs issued by IG are not regulated by the FAIS Act as they are undertaken on a principal-to-principal basis.

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Trade Insights

Trade insight example

Aspen Pharmcare Holdings Ltd

9 December 2014

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