A short has been triggered on JSE:OMU with today's price action so far. The signal was created based off of the stochastic turning down through the 80, the MACD going into the negative, and the EMA's crossing downward. Our target is all the way down at R7.76
A bearish harami formed on JSE:BID two days ago. It came very close to triggering our order yesterday, but just missed it. Once triggered, we aim for a target at the 27800 support area.
JSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
JSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.
The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.
An evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.
The JSE ALSI 40 is finally showing strong upside since April 2022...
It's broken up and out of a box formation and is showing the first target to 73,300...
This is based on following the recent America's rally with the inflation rate coming down finally and dropping below the expectations. GDP is picking up and jobs have added over 261,000 jobs.
The leaders of...
Bull Diamond Break up and out of the resistance for Vukile
It looks good target R15.27.
With the JSE showing a strong bull market since the crypto meltdown.
Investors are looking to deposit and move their money into safer and more stable markets and instruments.
A potential short position has triggered on JSE:GLN based off our 3 momentum indicators, the stochastic, the MACD and the crossing of the two EMA's.
If triggered our target will be down at the R82 level. This coincides nicely with a strong support level from earlier this year and late last year.
We are looking for a small downward move on JSE:FSR based off of the formation of a bearish engulfing candle on Friday. The short has been triggered and the target is at the R62 level.
The stochastic, MACD and 3 & 15 EMA's are all signaling a long position. With the price action just after opening this morning, the trade was triggered long and we are in the trade. Looking for a target at around the R176 level.
SYGH on Daily had a Triple Bottom Followed by a Falling Bull Pennant
The bias is Bullish and if we base the target on the previous flagpole we can expect
Target 1 to head to R30.50
A bearish engulfing, which is a top reversal signal, has formed on JSE:PPH . It also looks like the stochastic and MCD and stochastic are about to signal a short very soon too.
We are looking for a downward move all the way to the target at around the 21.25 level.
Inverse H and S on Amplats
The break out of the neckline was strong and the MAs look good
7>21- Bullish.
Price is testing 200MA but looks like momentum will help overcome it.
Target R1,917.58
Another Penny Stock ready to rock.
Pan Africa has formed an Ascending Triangle with the break to the upside on Friday.
We can now expect the share to head to R4.16.
Bullish.
There has been a change in the wind for City Lodge.
A small but evident Cup and Handle has formed.
7>21MA
Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up,
Target 1 = R5.00
