I've been trading since 2003.
And if you're a position (swing trader , medium term) trader, you'll know there comes a time where the markets flow in a difficult range...
There are two types of markets when it comes to strategies.
Favourable and Unfavourable.
Right now, I don't mean to speak for everyone else, but I believe the markets are in an unfavourable...
Once again the imfamous Mr Market JSE has fooled us again...
After the 1 year twilight zone of going no where, the price broke below and entered into a BEAR MARKET...
However, it lasted literally 7 days before jumping right back into the range...
It's not only broken above the downtrend line, the price is testing the support, which could form potentially a...
Since the analysis, we saw Renergen formed a Descending Triangle / Triple Top formation.
The price broke below the neckline at R18.30.
And in just two short months, it's been carnage for the market.
It's pierced the 9.33 target, and now we need to wait for a consolidation range before we predict where it is more likely to go.
I'm not buying this company...
Sibanye has been on free fall since February 2021...
It then formed a large Inverse Cup and Handle which broke below the brim level around R36.00...
Recently it formed a smaller Inv C and H which the price also broke down and out of.
And no matter what happens, the downtrend stays intact.
It still looks like this company is going to drop further to around...
Sorry the previous chart was too far zoomed out...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis...
By no means,...
It's clear that we've had the 1 year anticipated breakout.
And it's down.
Right now, we are having a slight rally which is known as a Bear Market Rally or a Dead Cat Bounce.
The price can go up a day or two but the resistance level will most likely hold. And this will cause the next down leg with the ALSI...
First target will be around 61,403
ArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00.
SInce the financial crisis it's just been down and down for the steel and minin company.
It was one of the biggest in the world. and today is showing a slow death.
The technicals still confirm downside to come with the Inverse Cup and Handle.
The taregt remains at 20...
AVENG is in a long term range bounded area.
It's been coming down for years on a slow and steady declination of a trend.
I've even put the time frame on weekly because daily is just not active.
By the looks of it, the next target could ease down to R4.00 then R3.50.
Not a traders haven choice and many platforms do not even offer this.
Cup and handle formed on PPC from our last update.
The price broke above and went up very nicely.
The chances of it going up are still higher but we need to be warned with the JSE ALSI 40 choosing a direction down...
7>21>200
RSI>50
Target remains at R3.55
Potential Inverse C&H is forming on AECI.
The price action and momentum looks downwards and it looks like we are going to see some chop before the downside.
Once the handle forms and shows that price doesn't want to break above the handle, we will see panic selling sending the price to the 200 MA.
7 to cross 21
Price to go to 200MA
Target R91.73
ABOUT THE...
Rectangle pattern formed on Raubes.
The price still hasn't broken up or down. But the signs are more bullish despite the negative sentiment with the JSE ALSI...
However, it is a waiting game until there is a solid breakout to the upside.
Other indicators show up momentum...
7>21>200
RSI>50
Target R40.10
Head and Shoulders formed on the Daily.
The price has clearly struck below the neckline showing it wants to come down.
Aggressive traders would take full advantage here but conservative traders will wait for the price to go back up and retest the resistance before the fall.
21>7
Price<200
RSI<50
R118.00
Cup and handle has formed on PPC, where the price has retraced back to test the brim level.
The volatility is wild with this Penny Stock and the liquidity is also very low.
These are dangerous stocks to try buy and sell and wider stops and take profits are essential.
Also with MAs, they are in the twilight zone too as 7=21=200
RSI>50
Target R3.55
WARNING
JSE ALSI 40 - Update
We've seen the ALSI 40 form a restriction range between 70,122 and 67601.
It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night.
As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any...
W Formation & Ascending Triangle formed on Mondi as I stated before...
The price has continued to move up on a strong trajectory trend line.
It looks like momentum will continue up and we'll get a ver nice buy signal once it breaks above the neckline.
7>21>200
RSI>50
Target remains at R364.88
Sibanye has been on a smooth downtrend since 23 May 2023...
I posted the Inverse cup and Handle which the price broke below the brim.
Then the price made another Inv Cup and handle which broke below that brim.
And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade..
You're earning interest daily while...
Kumba Iron Ore has been moving in this consolidation flag range since January 2023...
The price has indeed been making lower highs and lower lows.
But which way is it going to break, I believe depends on the Resources index.
As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up).
But regardless we have different...
