ZOOMING OUT: 5 Monthly Charts - Thursday, 01 August 2024
- Lester Davids
- Aug 1, 2024
- 1 min read
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)
BHP Group (BHG) | Pending breach of multi-year incline support (bearish bias)
Standard Bank (SBK) | Nearing multi-year swing highs (bullish trend but pending bearish bias as the highs could act as a resistance zone)
Old Mutual (OMU) | Looking to emerge from a multi-month base formation
Kumba iron Ore (KIO) | Pending breach of incline support
Lester Davids
Analyst: Unum Capital
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