Resistance Breaks with New Highs .... MultiChoise

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Derek  7 Jun 2019

Good Morning,

International:
Asian stocks rise on hopes of a U.S.-Mexican deal to avert tariffs. Trump says that tariffs on China could be raised by another $300 billion? Did you notice that when the markets are oversold, these statements do not have an affect.

The S&P500 broke resistance and is well on its way to the 50 day moving average that will act as the next resistance.



Our no 1 trend share in the S&P500, Advance Micro Devices, smashed resistance with a +7.86% gain.



Quite a few shares are making new highs and breaking top resistance Colgate-Palmolive is one of them. Stay with the shares that are making new highs.



JSE Technical:
The Rand is weakening fast and well on its way to its previous high against the Dollar.



The weaker Rand helped Anglo American to break resistance.



After the volatile moves of MultiChoise Group at listing, it has now settled into a sideways move. Notice that it has created a top resistance of R131.91 and that we do not have enough data for a trend factor yet.



You must have a great weekend.
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