Timonrosso

Timonrosso

Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always...

Timonrosso

In the previous TradingView article we spoke about FOMO (Fear of Missing Out). And why it is really not necessary to deal with. There is always the next trade coming. There is always another opportunity coming your way. There is always time to take the next one. No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them...

Timonrosso

What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last...

Timonrosso

Amazon has had an incredible run. It's moved from $118 to $188 since November 2023. But now it looks like the momentum is starting to slow down. We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel. There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next...

Timonrosso

Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...

Timonrosso

So you missed a trade. Or you are you often gripped by the fear of missing out (FOMO) in the trading world? It’s a common feeling. But let me tell you. You might miss a train, but the next one is always on the way. And the stock market will always be there for you to pump out more profit opportunities for you. Today, I want you to not worry to much about...

Timonrosso

We recently saw it break out of the medium downtrend since January 20024. The price broke above the W Formation's neckline and above the 20 and 200MA. This states the medium term nature is HIGH probability for upside. The concern is the price gapped up and now needs to fill. SO I am patiently waiting for the Gap to close and then rebuy on the bounce of the...

Timonrosso

Merafe was easily set to great upside to R1.72 This was due to a Box Formation, Upside and Price above the moving averages. But then 22 cents Dividend was given out which caused the share price to drop quite quickly. So is the analysis still on? I guess it is as long as it hasn't hit the risk level. But these are things to take into account and learn from.

Timonrosso

M Formation has formed on PPC since November 2023. This is a very risky trade analysis due to the high volatile nature of the share. But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company. Medium Probability Trade Price<20 and Price <200MA Target R2.37

Timonrosso

BOX Formation has formed on Renergen. Also there is a rounding bottom. The price has broken above the neckline of the Rounding Bottom but not the box form yet. Once it does, we should get an easy indication that the market wants to head up. The nature of the analysis is Medium probability due to Price>20MA Price<200MA Target 1 will be to R21.82

Timonrosso

Inv Cup and Handle has formed on Netcare since November 2023. It is a high probability nature that the price is likely to drop as the price is below both 20MA and 200MA. First target is to R10.36. NOTE: I do acknowledge that there could be a short term W Formation which could cause some chop and even short term upside. So this is indeed a medium term analysis.

Timonrosso

SAPPI has performed great since it broke above the Symmetrical Triangle,. The analysis was done in February, it broke above the Apex and since then has rushed to its first target at R56.60. No ways, is this worth a punt to the short side. We can now expect some sideways chop, possible pattern form and then will provide another buy signal. What is the...

Timonrosso

Head and Shoulders has formed ont he dail since Early 2022... The price broke below the neckline and has since then, been showing lower highs within the down channel, We also have confirmed downside with the Moving Averages. Price< 20 and <200 It looks bleak but the system is the system, so the first target is set to R76.08

Timonrosso

Head and Shoulders seems to be forming on Accenture. This pattern started on 11 December 2023, the price headed to a high at $386.00 and right back down again. Now it has reached some semblance of support but could be forming a right shoulder. If we see a price break, then it is likely for the market to drop all the way down to $283. Medium Probability...

Timonrosso

Inverse Head and SHoulders seems to be forming on the JD.COm The market has come down from a high of $42 down to $21 since July 2023. Then there was a solid consolidation and higher lows forming, before the next move. Now we do have a potential Inv H and S but it's still of a Medium Nature. Price>20 Price<200 The target is around $35.01 but we need the...

Timonrosso

There are two potential rising formations to come for Sasol. Either Rev Cup and Handle or Inv Head and shoulders We do need the confirmation though for upside to continue to come. Moving averages yield a Medium Probability setup with Price>20 Price<200 Oil is also confiriming a short to medium term rally which will help push up the price Target R228.61

Timonrosso

I like to say… Go where winners thrive and excuse givers die! If you’ve ever uttered the following phrases below – I urge you to stop saying them from today. And when you do utter these below phrases, you’re going to manifest losing, despair and hopelessness. But it’s not your fault. It’s the conditions and echo of amateur traders – that other traders listen...

Timonrosso

Head and Shoulders has formed on Absa Bank since 28 December 2021. Major downside to come if the price stays below the brim level. Price< 20 and <200 and the background has turned red. Target R76.08