Short Term Trading Ideas

This post is both for you and me. As I’ve been away for over 2 months I haven’t been able to follow the various companies movements besides for the ones on my watch list on my cellphone. So in terms of trading, I haven’t traded at all nor looked for trading ideas.

So, I turn to my best trading partner. Twitter.

Woolies

One of the stocks I hold in my portfolio is Woolworths, so I have been watching with a smile. I’m a lucky guy who bought 20% of my holdings at the rights issue at around R54,00.

@StormTrading thinks theres a short term possible break for Woolies:

Short term support at 8800/8850 holds nicely. A re-test of 9200/9300 on the cards?

Screen Shot 2015-02-19 at 22.33.57VIA

Personally, I have a long term position in Woolworths and think we will see R100 pretty soon, and from there, onwards and upwards. A thing to note is that they now get a lot of their earnings in Dollars, and compared to the Rand, Dollars will nicely plump up earnings.

GERMANY

My favourite trade of the day due to a combination of technicals and substance is to buy the German index. I view Germany the same way I view a Mercedes Benz car: powerful, reliable and safe. The German people are just that, and that’s why I back their economic recovery. If they are going to recover fully, they’re going to break all time highs, by a fair amount too.

Screen Shot 2015-02-19 at 22.40.58

VIA

 Written By: Byron Goldberg

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