Monday, October 25, 2010

A positive day ahead

By the looks of things to come today, it looks like an up day around the world with positive news from the G20 Summit regarding the currency situation.

The G20 countries have all agreed that they will not weaken their currencies to help boost their income from exports.

The ALSH has crossed over on the moving averages and looks to be struggling to keep the upwards momentum intact.

Shares showing weakness are Cadiz, Standard Bank, Old Mutual, ABSA, Lonmin, Amplats, and Wesizwe.

Shares giving a heads up are Firstrand, Illovo, Remgro and Vodacom, with Pick n Pay looking to extend gains to the upside.

To find out more about increasing the probability on making profits with the use of technical analysis, give us a call.

Safe trading

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