This is an update on the subsequent share price developments, with the original charts and updated comments shown.
Monthly charts allow us to zoom out in order to gain a broader perspective on multi-year trends as well as identify significant technical developments.
Below are five monthly charts with significant technical developments:
Tiger Brands (TBS) | Looking to emerge from a multi-month base (bullish bias)
View: Bullish
Share Price Since: Higher
BHP Group (BHG) | Pending breach of multi-year incline support (bearish bias)
View: Bearish
Share Price Since: Lower, from R501 to R457
Standard Bank (SBK) | Nearing multi-year swing highs (bullish trend but pending bearish bias as the highs could act as a resistance zone)
View: Pending Bearish - Saw higher levels of R233-237 as resistance
Share Price Since: Traded slightly higher, but has struggled to make major gains.
Old Mutual (OMU) | Looking to emerge from a multi-month base formation
View: Bullish
Share Price Since: Higher, continues to hold near resistance highs.
Kumba iron Ore (KIO) | Pending breach of incline support
View: Bearish
Share Price Since: Lower, from R397 to R314
Lester Davids
Analyst: Unum Capital
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