Luxury you can afford
Banks look ready to rally
FOLLOWING ON FROM the chart of Standard Bank, presented here two weeks ago, we look at the chart of the JSE bank index to show what to expect from those stocks in general on the JSE. But first we look at a chart of rand hedge luxury goods group Richemont. It’s moved sideways for a number of months but is now beginning to move up again. Its chart shows a recent breakout and Richemont should be bought for more rallying.
Likewise, SA banking shares are pointing to more upside to come for the foreseeable future.
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