The week ahead:
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Local Data: GDP (04/12), Labour Market Dynamics in South Africa, PPI, International Reserves and Foreign Currency Liquidity (06/12); SARB Statements of Assets and Liabilities (07/12)
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Results Due: AME, NPK, OMN, VVO, VKE (27/11); AWA, CKS (28/11); EXG, KAL, LON, QFH (29/11); ANA, ADW, CIL, EEL, ETO, NFP, HUG, NPN, NCS, SYG, THA (30/11)
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LDT (04/12): AFEP, CTA, CTK, CML, DLT, DIA, DIB, EFG, ILU, IVT, IVTP, IVD, INP, INPP, INPPR, MEI, PIK, SPP, SSS, TCP, TSH
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Special Dividend (04/12): TOR
Other Economic data releases of interest…
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Tuesday: RBA Rate Statement (AUS); BOE Gov Carney Speaks (UK)
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Wednesday: ECB President Draghi Speaks (EU); GDP (AUS); Fed Chair Powell Testifies, ISM Non-Manufacturing PMI (USA); BOC Rate Statement, Overnight Rate (CAN)
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Thursday: Retail Sales (AUS); Trade Balance, BOC Gov Poloz Speaks (EU)
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Friday: Unemployment Rate (CAN); Fed Chair Powell Speaks, Average Hourly Earnings, Unemployment Rate (USA)
Short Term Ideas
Goldfields: 15.45% open gain, Target remains R45.25, stop loss remains a daily close below R38.25
Long Term Ideas
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Sasol: Buy below R430.00. Target R550.
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AB InBev: Buy below R1,100 with a target of R1,500
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Richemont: Buy dips below R95. Target R130.00.
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Dischem: Up 15.86%, A break above R33 eyes target of R37.05. Insert Stop loss at R30.75
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Remgro: A break above R210 is needed to open up R230. Buy below R205.00
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Coronation: Buy dips below R50.00 for a move back to R80
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Shoprite: A break above R200 is on the cards. Hold.
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Aspen: Bottoming out. Add below R165.00, keep exposure appropriate.
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Sygnia: Positive Results. Add below R8.
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MTN: Rally to R100 on the cards. Accumulate on dips below R80.
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Glencore: Pulled back with commodity prices. Hold
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Naspers: Trading update positive. Buy below R3,000. Target R3,800
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