Bullish news for JSE

BHP Bil­li­ton and cop­per price set for greater things

Finweek English Edition - - Creating wealth - COLIN ABRAMS

BHP BIL­LI­TON, the sec­ond largest stock on the JSE, has large in­ter­ests in cop­per min­ing (among other re­sources). We take a look at BHP Bil­li­ton’s chart, which is show­ing an in­ter­est­ing de­vel­op­ment. We also look at a chart of the cop­per price it­self, which is on a re­cov­ery path and point­ing to a tar­get price. In fact, BHP Bil­li­ton has bro­ken out above an im­por­tant re­sis­tance level and is now point­ing to far higher prices in the months ahead. Like­wise for the cop­per price it­self, which is on its way to retest­ing its all-time high. To­gether this is bullish news for the JSE as a whole.

Please note: For more rec­om­men­da­tions and charts by the au­thor on shares, stock in­dices and com­modi­ties please go to www. the­mar­ket.co.za.

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