Euro tests the rand

And Tiger Brands seems ready to roar

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

WE LOOK AT an in­ter­est­ing chart of the rand against the euro. This cur­rency pair is in a large con­sol­i­da­tion pat­tern and will ex­pe­ri­ence a break­out soon. The break­out can go ei­ther way, but the prob­a­bil­i­ties are in­creas­ingly favour­ing the rand to weaken against the euro. We also look at a chart of cur­rently out of favour Top 40 stock Tiger Brands. Af­ter fall­ing over re­cent months it looks ready to rally again.

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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