PPC hit our initial target at R3.50.
It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023...
Now there is a slight consolidation before the upside to continue.
We see the moving averages are perfectly aligned where 7>21>200
And the RSI>50 and making higher lows.
New target will be at R4.40
As expected, the JSE ALSI consolidated a handle and the price broke up and out of the brim level.
This aligned with the upside of the Santa Claus Rally along with the resource rally.
We also have the January Effect that will continue to push the price up.
We have an aggressive entry on the longer time frame, and others will wait for a pull back to the brim...
We'll get into what happened to Naspers in a bit, or just scroll down...
But I need to mention something, that not many people know.
About two years ago, I stopped trading Naspers.
It was so rigged and manipulated between many factors and alogrithms.
1. First with TenCent, then with Prosus.
Then with prop funds who just make money with the incremental...
Inv Cup and Handle formed on 28 September 2022.
The price broke below the Brim level and since then it's been a one way trip down to 80 cents.
Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect.
It will then reach R2.20 to test the...
W Formation and Rectangle formation has formed since May 2023...
Now, we are definitely getting signs of upside, more than downside.
That's because the resources sector and precious metals sector is showing positive signs.
As we welcome 2024, investors will be using their bonuses and will be reinvesting in the new year which will lead to the January Effect....
Rising Flag formed on Sasol, the price broke below.
And it was all downside from there.
We saw the price tank way past our target of R184.52 and then some.
Now I'm getting a lot of requests to what we should do.
Well personally I'm just waiting.
We need to be patient to wait for another consolidation and breakout. Just as every other market.
Trading...
If there is one thing to learn with this analysis it's this.
Each and every market moves up, down and sideways - Given.
But if you scrutinise at the movements and timing you'll see something deeper.
That each market has it's own personality, vibe and structure.
FOr example, we know with this penny stock the liquidity is low along with the volatility and...
This ongoing bear channel has been going since March 2022...
It's not been the haven for breakout traders. But an absolute beauty for trend traders and range bounded traders...
As long as the price continues in the range we could see the price head to R90 till March 2024...
Also the main indicator is the 200MA. If the price remains below it's bearish -Simple. ...
Implats has been on a downtrend for years.
Recently it's formed a falling Wedge. But it looks like the support level remains to be very strong for the bulls.
The price is back to the top of the channel and now we need a strong breakout.
The PLatinum market is looking bullish and if it follows through it will send many companies up. But we need that...
The Broadening Diamond formation has finally broken below. The price came down but on weak selling volume.
Now it seems to head up to test the 200MA before deciding which main direction it wants to go.
THe overall prior trend was down and the breakdown was also confirming for the bears.
WIll have to wait for a conservative approach for the price to test the...
City Lodge has been forming a Symmetrical Triangle since November 2022...
It constricted into the apex and as most chart patterns, it broke above showing strong demand and buying momentum.
Now with the holiday season and with more people going on vacations, we can expect the price to continue up.
The first target remains at R5.44.
Great to have in ones...
A Rare broadening Triangle formation has formed on Anglo Gold.
This is a triangle that broadens outwards instead of inwards to the apex.
I like to call it a Vuvuzela formation.
Now right now the bias is sideways as it needs to break out of the range.
However, we can say technically it should break down as the prminent and previous trend was down.
But we...
The JSE ALSI 40 once again tested the 200MA.
It then retreated back with its tail between its legs.
However, the drop has not been aggressive and big. So we can make an assumption that this is a current dip that will cause a rounding bottom.
If this is true, it will complete a Cup and Handle formation. And when the price breaks above the brim level we could...
City Lodge, has been in this tiresome Symmetrical Triangle since October 2022...
However, recently it's broken above which is showing positive signs that there is upside to come..
However, in the most recent SENS update there was a mention about the Odd Lot Offer.
So let's break it down and what it means.
1. What's Going On:
As of October 16, 2023, there...
Rising Flag formed on Sasol, the price broke below and beautifully it went down on a strong trajectory and declination. The price remained below the 200MA confirming the bear market for the company.
The price came down in a strong fashion takeing it to the first target of R184.52.
The oil price also coincided with the Sasol price having the downtrend dominate...
Falling Flag formed on Redefine and the price is officially breaking up and out of the range.
This is bullish for the company as the JSE ALSI is also showing strong upside to come.
We also see the 7=21 and is about to cross.
Price>200 - Bullish
RSI>50
Target 4.39
ABOUT THE COMPANY
Redefine Properties Limited is a South African-based real estate investment...
Cup and Handle has formed on JSE ALSI.
The price broke above the Brim level, came back and tested the support showing upside is on the cards.
7>21
Price remains below 200MA but as I like to say, the more it tests it the more likely it will break above like thin ice.
Target remains at around 76,185
After a difficult year, Transaction Capital finally hit the support at R4.00.
SInce then, the buying and demand has picked up greatly.
This lead to the first target being hit at R6.88. With the continuous upside momentum, we will most likely see the price head next to R11.50.
It's a long recovery for the company, but with new management in place and demand...
