Tak­ing a pounding

But Aspen looks a tonic in Top 40

Finweek English Edition - - Front Page - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal An­a­lyst

CUR­REN­CIES WORLD­WIDE are now ex­pe­ri­enc­ing much volatil­ity, with the US dol­lar/euro hav­ing nose­dived over re­cent weeks (see last week’s col­umn). The euro has now bro­ken be­low a four-year sup­port line. We look at an­other ma­jor cur­rency pair – the US dol­lar/Bri­tish pound. Its ex­change rate is also un­der pres­sure. We then show an (un­re­lated) chart of phar­ma­ceu­ti­cal stock Aspen, which is cur­rently the strong­est stock in the Top 40 in­dex. It can still be bought on pull­backs.

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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