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Become a premium client and receive trade insights on shares you like to trade.
As part of the premium service you will receive daily insights on the shares you trade from your Premium Client Manager.
9 July 2014
The price on SABMiller looks to be forming a Double Top Reversal pattern. This pattern is a warning of a reversal of the preceding up trend (indicated by the red line). As soon as the neckline of R600.00 is broken, our double top pattern will be confirmed. The target will be the distance from the top to the neckline, projected down. This gives us a target price of R574.00. Failure of the pattern will be indicated if the price is trading above the red trend line. The R610.00 level can be used as a possible stop loss. - Mandie Venter, Premium Client Manager
Source: ProRealTime charts
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