Be pa­tient

Traders could profit from both Grindrod and FirstRand but in­vestors should wait

Finweek English Edition - - Property Compass - COLIN ABRAMS

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.

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