Reinet ready for upside run
And Liberty Holdings set for a rally soon
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.
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