TECHNICALS
Symmetrical Triangle has formed on the daily since I would say 10 August 2023.
There are good technical signs that a breakout to the upside is imminent.
First we have a long term upward range from 2020 which the price continues to bounce off the uptrend.
Second we have a trending 200MA which the price still needs to break above as it's been in...
Symmetrical Triangle seems to have formed on Sappi.
Now on the contrary of a Symmetrical Triangle being a Continuation pattern, it is possible for a reversal to take place in this instance.
We have the converging of the trendlines where the price has reached an apex. Strong buy divergences and price action to the up.
It's a bit premature to BUY just yet but...
The daily is very noisy.
Even the weekly is crazy.
So I had to really break it down and look at the monthly chart.
And what we can see is the noise being reduced to a RECTANGLE.
Now right now the price action is down. Despite the breakin uptrend. Despite the higher lows.
The current momentum is down. And all we can do is wait for a breakout.
Which way...
Inv Head and Shoulders formed on Vukile as of my last update.
The progress has been slow but sure. It broke above the neckline, stayed above the uptrend and 200MA.
So the next target I'm raising even higher. But this time to R17.59
FUNDAMENTALS:
Positive Earnings Release:
Vukile Properties released their first half 2024 earnings showing an increase in...
W Formation has formed on Calgro M3.
We haven't had our breakout yet but it's most definitely forming higher lows. ANd it's above the 200MA with a predominant uptrend.
This is all great news for potential upside.
We'll set the first target at R6.03
FUNDAMENTALS:
Calgro M3, a South African property development company, has been experiencing a rally in...
Cup and handle has formed on Hulamin since 10 May 2023.
With these Penny STocks and less liquid markets, they can take a long time to form patterns and formations.
But when they breakout, they can rocket in the direction of the breakout.
I like that it's restested the support and brim level, and is showing that the buying is accumulating.
And that that...
Diamond Formation formed on MTN.
This is a broadening pattern that could have broke either way. The fact that it broke down and almost retested the 200MA showed the momentum was down and bearish.
Now it's on a one way trip down. First to R90.00 at next support
If it breaks below we could very well see our main target at R60.65
FUNDAMENTALS
MTN Group, a...
Unfortunately, the price did break below the H&S and Thungela showed a ton of supply and selling coming in.
This means, the target is still set to R91.93. The support at R121.50 was the last hope for the share to hold and bounce.
But now it's clear that this resource miner is in trouble.
Now let's cover the fundamentals.
Coal Prices Affecting Profit: ...
Diamond Formation formed over ther last two years with MTN.
Now initially, you wait for a breakout before you trade a broadening pattern like the diamond.
And then, we saw it break below - showing the momentum and supply was higher to the downside.
I sent this analysis out and called it a short investment. What that means is that this type of trade is a LONG...
Um... Ok I did not expect that.
Look Vodacom has been going through a very tough down channel since April 2022. The high was around R160.00.
The downtrend then subsided but started moving in a very eloquent channel with highs and lows.
Well we expected the channel to hit the high and drop down to R92.00. But not in one candle suddenly.
I don't even know if...
Cup and Handle has officially formed on the daily chart.
This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA.
Now once we get our breakout, we'll be more inclined for further upside and demand.
Target R36.02
ABOUT THE COMPANY:
Foundation and Listing:
Hyprop Investments Limited was founded in 1987 and is...
We've started off the year of 2024 the same way we started in November 2022.
In a sideways range with a high of 75,000 and a low of 63,000.
This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks.
What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading...
After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation.
We thought the price was going to close below and open below th neckline.
Instead there was a largeish exaustion gap.
An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted...
M Formation has been forming since November 2023 where the high was R120.
There are lower highs forming and it looks like the price is about to crash down.
This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market...
Cup and Handle seems to now be forming on Renergen.
It seems like there is a change in the wind for the stock as last year we predicted a big crash which struck at R9.33.
And This time around, we're seeing a Cup and Handle form.
It's not exactly there yet and we do need a break above the brim. But when it does so, we will see the price go above 200MA and...
Inv Cup and Handle formed on July 2021...
The price broke below and since then it's been on a downward trajectory with a solid downtrend.
Now the price is currently testing the downtrend, which can go either way.
If it breaks up, we will see short term upside to 3.00.
If it turns and continues down from here the investment short analysis will continue to...
Cup and Handle has formed on Aveng after a long term downtrend.
The price has broken above the brim level and so momentum is leering up.
Price = 200MA
RSI>50
Target R11.28
ABOUT THE COMPANY
Aveng Group is a diversified infrastructure and engineering company based in South Africa.
Diversified Operations: '
Aveng Group is involved in various sectors,...
Triple Bottom seems to be forming on Motus.
The price has broken above the downtrend, showing the bulls are trying to get into control.
Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom.
Another clear sign of consolidation is the fight between the MAs......
