Discovery looks to be on a strong trajectory up since it broke up and out of a Cup and Handle formation (shaded area). My first target would be around R226.00.
JSE:SBK is showing downward momentum and is ready for a short position.
JSE:GRT is showing some great downward momentum and is ready for a short position.
A morning star pattern has formed on JSE:NPH over the last few days. If triggered, this could mean a move to the upsode.
A large bullish engulfing candle has formed on JSE:IMP . This is a bottom reversal signal and I think we could see a nice upward move from here.
JSE:VOD is showing signs for a downward move. I will enter short at the 153 level.
As with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy.
All three of our momentum indicators are signaling a long position on JSE:NPN . So if it continues up today, we will enter the trade.
GFI is showing a potential down move based off of our momentum strategy. Although it happened a few days ago, the stochastic, MACD and the cross of the two EMAs are all triggers for a short position.
A Bearish Engulfing candle pattern has formed on ABG with yesterday's price move. We can consider a short position if the price continues downwards from here.
JSE:CPI has been trading in a sideways consolidation area since Jan. With yesterday's price action it broke out of the top of the channel, which could mean a good opportunity to go long.
Our 3 momentum indicators have all crossed downwards on JSE:AMS signaling a good time to enter a short position. The target is at the strong support level at around the 160000 level.
All three of our momentum indicators have crossed downwards on JSE:AGL . It is looking good for a short position. Target levels around the support area of late September 2021.
A hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.
A piercing line candle pattern has formed on JSE:SLM . This is a good bottom reversal signal. If it plays out, we could be seeing a nice upward move from here. Target levels at the highs from mid-Feb.
A Bearish Harami pattern formed on Friday on JSE:FSR . With today's move so far, we have been entered into a short position.
A bearish engulfing candle formed on JSE:VOD on Friday last week. We have entered a short position on this one with today's price action so far.
A Bullish engulfing candle has formed on JSE:WHL at a strong support level. This is a good bullish reversal signal which is looking good for a long position.