The markets have been very volatile to trade over the last few months but have managed to hold up during all the bad news. Will they be able to hold up when inflation sets in? I will be very careful from around May to June. The old sell in may and go away as interest rates are in discussion all over , the warning signs are there. For the moment I am still bullish but feel the markets are expensive at the moment. Besides all that I short HAR this week at R101 as the rumors around on HAR have no foundation and fundamentally there is no real value in this share. The PE is around 150 with a very poor earnings yield. Technically HAR is heavily overbought and is starting to show signs of weakness pushing back through the resistance level.
Entry: 101
Target: 85
Stop loss: 110
Risk : Medium
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