BAT still puff­ing strongly

Mi­nor re­treat be­fore Exxaro shows a new rally

Finweek English Edition - - Companies & Market - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal An­a­lyst

WE SHOW THE CHARTS of two pop­u­lar trad­ing stocks on the JSE. The first is Bri­tish Amer­i­can To­bacco (BAT), one of the two largest stocks on the lo­cal mar­ket. The other chart shown is of Exxaro, a di­ver­si­fied min­ing com­pany. BAT’s share price has been do­ing well over re­cent months and looks ready for an­other up-leg.

Like­wise for Exxaro: it’s show­ing a mi­nor pull­back be­fore an­other short-term rally. Traders look to cap­i­talise on those moves.

Please note: For more rec­om­men­da­tions and charts by the author on shares, in­dices, com­modi­ties and cur­ren­cies go to www.the­mar­ket.co.za.

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