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MATI Trader
We are climbing on the bus a little early with BTI. The stock has recently broken above the 200-day moving average, which serves as a great longer-term trend indicator. Thus, we are taking a small long position here, ungeared, with the view to hold it for the next 12 or so months.
Well, this is very much against the trend, but there could be a triple bottom forming. Buying here gives us a 1:3 risk-reward ratio, which we think is attractive. Our trade is from this support level to the 200-day moving average. Should the triple bottom formation play out, it opens for a target well above the 200-day moving average giving the trade a 1:6...
So MCG turned down Canal +, only to announce a content deal with Paramount Plus. This is certainly good news for MCG streaming subscribers. Here's looking good for new highs once this level is broken. We bought the break at R107, which may have been a bit early, but we think it should be ok in the end. Target is R123 with a stop at R100.
FNV has been under some pressure recently, as is the case with most Gold stocks really.
FNV is another prime example of a high quality Gold miner that is trading below its 200-day moving average while Gold itself if making new highs.
This is a strong buy from us.