Keep SXR in your sights

But avoid gold shares for now

Finweek English Edition - - Creating wealth - COLIN ABRAMS

WE LOOK AT a stock that’s pre­par­ing for a large break­out on its chart, sxr Ura­nium. The ura­nium price it­self has in­creased man­i­fold, and ura­nium stocks ap­pear to be the ‘next big thing’. The chart of sxr in­deed pro­vides an in­ter­est­ing pic­ture. We also look at a chart of the JSE gold in­dex and show the rel­e­vant lev­els to mon­i­tor there. SXR, ac­cord­ing to its chart, is a stock to fo­cus on buy­ing, with good up­side po­ten­tial to come. SA gold shares, how­ever, con­tinue to lag and are best avoided un­til their down­trend is bro­ken. (Plat­inum shares are still far su­pe­rior to gold shares on a rel­a­tive ba­sis.) Please note: for more rec­om­men­da­tions and charts by the au­thor on shares, stock in­dices, and com­modi­ties, please go to www.the­mar­ket.co.za

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.