JSE Stock Picks

We short sell IPL at 10600. All technical indicators are pointing to IPL being overbought. IPL has hit resistance at 10600 and we expect a retractment to 9300. Note September is renowned for being bearish and a pull back can be expected sooner rather than later. Fundamentally the car manufacturers are on strike again and that could also affect IPL.
Best Entry:  10600
Stop Loss:  11000
Target:        9300

3 September 2010
Short Sell Tiger brands ( TBS ) resistence hit at 18100 expect downside back to 17200.
Best entry: R18100
Stop Loss: R19100
Target:       R17200