Reinet ready for up­side run

And Lib­erty Hold­ings set for a rally soon

Finweek English Edition - - Creating Wealth - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal an­a­lyst

WE LOOK AT THE CHARTS of two fi­nan­cial com­pa­nies. The first is Reinet, spun-off from Rem­gro and listed on the JSE about eight months ago. Its price trades in an in­ter­est­ing fash­ion. The other stock is in­sur­ance com­pany Lib­erty Hold­ings (for­merly Lib­erty Group). It’s a de­fen­sive stock that held up well dur­ing last year’s global fi­nan­cial cri­sis. Both stocks are cur­rently mov­ing side­ways and set to give break­outs, most likely to the up­side. Both stocks can there­fore be bought on weak­ness.

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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