Finweek English Edition – August 15, 2019

(Joyce) #1
Back in April I wrote that
platinum was starting to
look good, especially as
palladium was coming
under pressure. And
maybe the long-awaited
switch between the
two was starting to
happen. The switch that
I’m referring to is where
automakers start reverting
back to cheaper platinum,
rather than the now way
more expensive palladium.
But ouch, almost as soon
as I wrote this, platinum
started heading back
towards its $800-level low
and, once again, I got bitten

by the white metal.
It has now started to rally
and is again starting to look
attractive. But once bitten,
I am twice shy. So rather
than jump into the trade, I
am taking a more cautious
approach.
The recent highs are around
$910 and if we can see a break
of that, then I will be interested
again. The exchange-traded
fund (ETF) ETFPLT is still my
preferred way to trade platinum.
I will be watching and waiting.
Importantly, while this is an
ETF, you cannot put it into your
tax-free account as Treasury
does not allow for this. ■

BLUE LABEL TELECOMS BUY SELL HOLD By Moxima Gama


A new bull in sight?


ETFPLT BUY SELL WAIT By Simon Brown


marketplace house view


16 finweek 15 August 2019 http://www.fin24.com/finweek

Once bitten...


Pho


tos


:^ Sh


utt


ers


toc


k


How to trade it:
Blue Label has breached the resistance
trendline of its long-term bear trend and has
come off its all-time lows.
Currently trading sideways between 510c/
share and 325c/share, Blue Label
has breached resistance at
405c/share, which should
fuel upside to next major
resistance at 520c/
share. Above that
level Blue Label
would embark on
a new bull trend
towards 708c/
share and 800c/
share.
With the
three-day relative-
strength index (RSI) in
overbought territory, Blue
Label is likely to correct.
If support holds above 380c/
share, another buying opportunity
would be presented above 405c/share.
Alternatively, downside through 380c/
share could see Blue Label retest its all-time
low at 325c/share. ■
[email protected]

Having lost all its previous gains from an all-
time high at 2 230c/share tested in October
2016, Blue Label Telecoms could be set to
embark on a new bull trend.
Blue Label owns a 45%-stake in Cell C
and worries that Cell C would be
unable to pay down billions in
debt weighed heavily on
investor sentiment.
However, a recent
announcement that
Blue Label has
bought 26% of a
Cape Town-based
sports technology
start-up, Mobii
Systems, sent
the share price
surging through a
major resistance level
at 405c/share at the
beginning of August.
Mobii specialises in timing
software for running events in sport
matches.
According to co-founder of Blue Label
Ventures, Tallies Taljaard, Mobii is set to
grow its revenues by 300% in the current
financial year.

The recent highs are around

$
and if we can see a break of that,
then I will be interested again.

BUY

BUY

SELL

HOLD

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