A short position has been triggered on JSE:AMS with today's strong downward momentum. If all goes according to plan, we are looking at a target down at the 495 level.
JSE:BID is showing signs that a downward move may be coming up. According to end of day momentum strategy, the MACD, stochastic and EMA's are all signaling a short position. If this downward momentum continues, our order will be triggered and we will be aiming for the target down at the 384 level.
JSE:GLN has shown multiple reasons to enter a long position. Firstly, the EMA's, stochastic and MACD are all signaling an upward move, the fractal from the 7th of May has been breached and it has broken through a descending resistance line plotted on the chart. Today, our order to go long was triggered. We are looking to reach the target at around the 125 level.
JSE:BTI has been trading within a symmetrical triangle pattern and with Friday's price action it broke out the top of the pattern. This is generally a signal for an upwards move. It hasn't quite triggered the order yet, but the momentum is looking good for it to trigger. Once in the trade, we are looking at a target at around the R606 level which coincides nicely...
JSE:ABG is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.
JSE:OMU is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.
JSE:PPH is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.
JSE:REM is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.
JSE:SBK is going long based on our momentum strategy. All 3 indicators (stochastic, MACD and EMA's) are showing upward momentum.
Our order to go short on JSE:APN has been triggered with today's price action so far. We are aiming to reach the target down at the R186 level which lines up nicely with the previous low/support level of 24 Jan
There is potential for a short position on JSE:SOL coming up if the downward momentum continues. The stochastic and MACD crossed downwards a few days ago signaling a short position and with Friday's move, the 3 and 15 EMAs have crossed downwards as well. We are aiming for the target down at the support level around the R132 area.
A symmetrical triangle had formed on $JSE:EXX. Yesterday's price action broke through the triangle in an upward direction, triggering a long position. Today's momentum has remained strongly upward. If this momentum continues over the next few days I can see us easily reaching our target
A long position was triggered on JSE:MTN this morning with the high of the day so far. It has retraced since and is testing the support level, but once it breaks through, we should see a clear path to our target at the R117 resistance level.
All signs are pointing to an upward move on JSE:BHG We have started the day with some nice upward momentum and if it continues, we should have the order triggered later on in the day. We are looking at a target around the R622 level.
A long has been triggered on JSE:NPN with this morning's opening price. It has since retraced a bit, but will likely continue with the upward momentum. Our alert is based off of the stochastic and MACD turning upwards as well as the crossing of the 3 and 15 EMA's. We are aiming for a target at around the 3600 level. This level coincides nicely with the highs of...
JSE:FSR has formed a descending triangle pattern since mid Feb. Yesterday's price action broke through the bottom of the triangle, triggering a short alert. If triggered, we are looking to ride it downwards all the way to the 55 level.
A bullish harami formed on JSE:KIO with yesterday's price action. This is a bottom reversal signal, so we can expect an upward move if it plays out. Our target at 530 lines up nicely with a resistance zone, so if it get's going, I don't see why it wont reach target.
ARI has shot up today, triggering our long position. We had an order in based on the stochastic, MACD and EMA signals. Hopefully this upward momentum continues all the way to our target at around the 200 support/resistance level.