AN­GLO AMER­I­CAN

Finweek English Edition - - INVESTMENT -

SELL The GT247 t r ad­ing desk be­lieves that pun­ters may want to con­sider a short-term po­si­tion in the JSE-listed re­sources group. Via its so­cial net­work The Wire, the sales desk rec­om­mended: “An­glo is cur­rently trad­ing at the lower end of its trad­ing band. We an­tic­i­pate the stock to find sup­port at 22 500, be­fore a move up to test our de­sired take profit level. Traders could look to buy at 23500, with a stop loss at 22500. We have put our ini­tial take profit at 26000.”

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