Herenya

Herenya Broker

Interesting perspective here on Sasol. We use a weekly chart and show how that downward sloping trendline has changed from resistance to support. Could this finally be the changing the tide?

Herenya Broker

Well, those who have followed our blogs over the last few years would know that we are somewhat (really) bullish on Bitcoin. yes sure, it will be a wildly bumpy ride, but if you have some, just keep em! Anyway, this chart shows a potential breakout move to new highs. Wait for the flag formation to break higher before you have confirmation, but in our view this is...

Herenya Broker

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.

Herenya Broker

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...

Herenya Broker

So, the channel finally breaks and we head lower to support. Will update the idea tomorrow with targets etc.

Herenya Broker Updated 

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.