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Friday, March 26, 2010

JSE STOCK PICKS


My next pick for March towards April is HAR (Harmony gold). Gold is oversold at the moment & is finding support at $1090. I expect the gold price will move up again in its cycle & the ZAR should lose a little of its value in the short term. This is bullish for the mines & HAR should benefit from this. Technically HAR is oversold but the indicators are pointing to a positive move up.

ENTRY: R70.00
TARGET: R75.00
STOP LOSS: R67.50

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