Op­por­tu­ni­ties among the tur­moil

Less prom­i­nent stocks shine on the all-share

Finweek English Edition - - Creating Wealth - COLIN ABRAMS

WE UP­DATE A CHART of the JSE all-share in­dex shown in this col­umn a few weeks back. The in­dex is now get­ting down to its tar­get lev­els. How­ever, de­spite do­mes­tic and over­seas stock mar­kets be­ing in tur­moil, there are prof­itable op­por­tu­ni­ties in some of the less prom­i­nent stocks on the JSE – for ex­am­ple, Basil Read. We show its chart, with a trad­ing op­por­tu­nity lin­ing up. But it’s the weekly chart of the all-share – that shows its price get­ting close to long-term sup­port – that should be of great in­ter­est.

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

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