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JSE Chemicals Sector Improving Relative To Broader Market

Writer's picture: Lester DavidsLester Davids

Trade Sasol, Omnia and AECI with Unum Capital.

To get started, email lester@unum.co.za


This is a follow-up to the post on 02 February which highlighted the group trading at a 20-year low versus the broader market, but more importantly the swing low.


Note the monthly candle



 

Previous Post (02 February): JSE Chemicals: 20-Year Relative Low

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I have no special fundamental insight into this sector, however, it may be worth noting that it trades at a +20-year low relative to the Top 40 Index - possibly worth investigating.



Lester Davids

Analyst: Unum Capital

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