Traders could profit from both Grindrod and FirstRand but investors should wait
TWO PROMINENT JSE stocks are currently in sideways patterns and will be breaking out soon. They’re shipping stock Grindrod and financial giant FirstRand. We show their respective charts and the relevant levels to monitor in order to enter those upcoming trades.
By waiting patiently for the entry signals to trigger, traders will have two high probability trades to profit from over the short term. As for investors, both stocks are to be avoided for the time being.
Please note: For more charts by the author on shares, indices and commodities please go to www. themarket.co.za.