Anglo on the up
And Mvelaphanda Resources is looking bullish
THE JSE’S LARGEST STOCK – Anglo American – has given an important breakout on its chart that all market participants need to aware of. It sets up higher targets, which are shown on its chart and discussed below. We also look at the chart of Mvelaphanda Resources, which is also breaking out of a large chart pattern. The Anglo chart is bullish – not only for Anglo’s own share price but by implication for the JSE as a whole, as Anglo has the largest weighting on the JSE’s top 40 index. It’s a share to focus on buying, as is Mvelaphanda, which has broken above an important resistance level.
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