oliebobbenos

oliebobbenos

Support at R127.00 Strong Support at R122.00

oliebobbenos

Possible Cup and Handle scenario. Lets see if it can break the R178 this time and stay above it.

oliebobbenos Updated 

SHP had a bear trend since Mar 2018.... started moving sideways Jan 2019 to current. Possible new Support at R166. (Not tested and confirmed yet) Stong Resistance at R177 Breakout above R177 - R178 and tested may be a bulls breakout indication. Target 1 - R190 Target 2 - R196 Target 3 - R206 This is just a possible scenario. Any other suggestion will be appreciated

oliebobbenos

Nice Cup formation here. Wait for handle formation. SOL broke through R474.00 resistance level - new support. Strong resistance at R493.00 to R494.00 - may start forming handle here and fall back a bit before upward trend of handle starts.

oliebobbenos

Next Strong Resistance = R4.75 - R4.78. Can BLU give a bit back again???? Will have to wait and see.

oliebobbenos Updated 

EOH had a great run the last 2 days. Looking at the above chart it broke through resistance line like a rocket - now new support if tested. Still in bearish band. New resistance at R27.00 to R28-00 Breaking through new resistance may indicate a Bulls breakout

oliebobbenos

Improvement today on MSM projected figures. MSM broke resistance today of R84.21 - Still in the bear band here. (May be new support) Breaking resistance at R93.10 moves it back in Bulls band - may be a strong resistance Next resistance after that is at R98.00 and R116.00 Lets see if today's slightly better news can get MSM going again

oliebobbenos

KIO had a great run - believe the turning point has come. I see the following support levels as indicated Major support at R365.00

oliebobbenos

Resistance for IPL at R64.50 - Seems that it may go through it totday. Breaking through R64.50 the next STRONG Resistance is at R74.00 Bulls Breakout above R74.00 and a possible R99.00 target in long term.

oliebobbenos

Looking at my previous support on Cup and Handle formation, this analysis may also support the suggestion. The believe is that SGL reached it support line (R13.30 - R13.40) yesterday in its current bullish trend started Aug 2018 and also reach its downside of the handle formation (previous Cup and Handle analysis). Hopefully is will not break through this support...

oliebobbenos

Nice Cup formation for SLG with a finish on the handle downside at R13.36. Holding support at R13.36 may generate handle upside formation as indicated. Gold price and USD/ZAR also a factor here. Any other analysis and suggestions will be appreciated.

oliebobbenos

Nice Cup formation at this stage with resistance at about R56 to start forming handle. R51 as new support. If breakthrough R56.... may rich R61-R62. But in overbought territory which may hamper suggestion.