The week ahead:
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Local Data: Manufacturing: Production and Sales (11/09); Retail Trade Sales (12/09); Wholesale and Motor Trade Sales, Mining Production and Sales (13/09)
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Results Due: ATT, SVB (11/09); ASC, CLR, COM, MAP, TOR (12/09); APN, JSC, TAW, TRL (13/09); GPL, IMP (14/09)
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LDT (11/09): ABG, ABSP, ADH, ARH, DGH, DSBP, HIL, MSM, NPN, S32, SBK, TDHPB, TPF, TPC, TRU, WHL
Other Economic data releases of interest…
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Monday: GDP, Manufacturing Production (UK)
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Tuesday: Average Earnings Index (UK)
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Wednesday: PPI, Crude Oil Inventories (USA)
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Thursday: Unemployment Rate (AUS); Interest Rate (UK); Main Refinancing Rate (EU); Core CPI (USA)
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Friday: BOE Gov Carney Speaks (UK); Core Retail Sales (USA)
Short Term Ideas
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GFI: Strong support at R34.00. Long below R35.25, hold for a move back above R40. Target it R43.75 with stop loss of R32.55.
Long Term Ideas
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FSR: Position closed for a 9% gain.
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Discovery: Results strong. Up over 20%, keep stop loss at R160.00.
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Coronation: Buy below R60.00 for a move back to R80
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Dischem: Up 16.2%, target and stop loss remained at R36.50 and R32.00. Hold
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Shoprite: A break above R200 is needed to curb further declines. Hold.
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Aspen: Results due Thursday morning, buy dips below R260.00.
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Sygnia: Support building above R10.00. Add
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MTN: Bottoming out above R70, buy below R75.00.
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Glencore: Open gain 16.6%. Hold
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Naspers: Accumulate below R3,200, price is volatile.
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Merafe, Jubilee and Wescoal: Will no longer be tracked on this list. Past views remain in place but subject to change without notice.
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