It's a bit of a complex story, 'ol Kumba... but our thinking is that we want to watch the way the stock behaves around this longer-term support level / trend line. We think that there could be a nice weekly time-frame trade setting up here. For now though, we are just watching.
We think we've missed this trade already, but if there is a chance for a backtest of this break lower, it could be a good trade. For now though, we're not chasing.
Looks like it broke a topping consolidation and might give a decent risk-reward trade lower.
Somewhat bearish looking setup here. Perhaps this trend line breaking leads to a retest of old resistance?
Not a lot of people agree with this idea.. but a 1:10 R:R here on the short.
Hard to tell if this up move will end, but that trend line is the one to watch we would imagine.
Key resistance, rising wedge, looking good for some Rand strength.
Support needs to hold, else highly likely to see a move back down to the longer-term trend line.
Failed to hold above $8900 level, seems momentum is negative once more. Likely the trend will continue toward the downside.
Nice retest and hold of the resistance/support level for that consolidation break. Looks to be well set up for a bullish trend continuation move.
Pennant broke downward with Palladium as a catalyst. Could see a move back to the longer-term trend line. Perhaps a place to re-enter the trend?
Been tracking for a while, seems to be confirming short here. Timberrrrr!
That $8900 level that BTC needs to hold above is starting to look a whole lot like significant resistance... plus we signs of waning momentum. Starting to feel like a short off this level. Will watch break of orange range as potential trigger.
Seems that pennant broke the other way... could be a short down to the blue trend line from here..? That is very much against the trend though and is probably too high a risk trade to consider. Perhaps waiting for a bullish reversal around that blue trend line to get long is a better course of action?
This R14.50 level is pretty important. It looks like its providing solid resistance. A reversal here could lead to a local equity market rally... it it comes. Still no trade signal here, but something to keep an eye on.