Two for the up­side

Both ArcelorMit­tal SA and Old Mu­tual have breeched im­por­tant re­sis­tance lev­els

Finweek English Edition - - COMPANIES & MARKETS - COLIN ABRAMS, Tech­ni­cal An­a­lyst colin@the­mar­ket.co.za

WITH THE OVER­ALL mar­ket mov­ing up over re­cent months, two Top 40 stocks have been mov­ing the other way. But that looks set to change. The two stocks are steel gi­ant ArcelorMit­tal SA and fi­nan­cial pow­er­house Old Mu­tual. Both stocks have re­cently bro­ken above im­por­tant re­sis­tance lev­els. We show the charts of both stocks, to­gether with their ex­pected price tar­gets.

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

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.