JSE:AMS is showing signs for a possible long position using the momentum trend-following strategy. The bullish engulfing that formed on the 6th of October confirms this.
JSE:AGL has broken through the neckline of an inverted Head & Shoulders pattern and if it plays out, we could be looking at a nice target around the 60 000 level. I will proceed with caution, however, as the neckline is at a very strong level of resistance and may struggle to convincingly break through.
This is undoubtedly the trade of the week, or rather following week (considering the fact that the markets are now closed at the time of writing). The stock price has been parabolic to the upside and you would feel your stomach churn if you thought of where to enter and where to put a stop loss. But I will not be providing you with a sense of safety as trading is...
JSE:AGL has broken through an upward trend line and is looking like a reversal is imminent. The stochastic is also showing a signal for a short position. If confirmed, I will enter a short position.
JSE:AGL has formed a bearish harami which has been confirmed by the stochastic. I will enter short if it trades lower today.
If I'm analyzing a market, I always force myself to consider what the "other side" is thinking. In other words, if my research suggests a buy, I take a good long look at the chart, fundamentals and the market in general and think about what the bears might be thinking. I do this to try and ensure I don't miss anything. At least nothing glaringly obvious! A...
JSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position
After a very successful long trade, JSE:AGL has now formed a bearish harami signalling a short. I will wait for this to confirm before entering.
JSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
All of the criteria have been met for a long on JSE:AMS on our Momentum Strategy. The EMA's have crossed, The Stochastic has crossed up along with the MACD.
JSE:AGL has broken through a descending resistance line and is looking good for a long position. For the more cautious trader, I would wait for it to close above the resistance level and the fractal before entering.
I will be selling the XPT/ZAR if prices breach below the R11 550 price. Currently, prices are moving in a downtrend, g=forming a series of lower highs and lower lows and bear flags. If we see the corrective structure being breached to the downside, we will get our confirmation for a short trade.
JSE:AMS has reached a resistance level just above the 83000 level. It reached this high on the 22nd of March bu then retraced all the way down to the 72000 level. Before this, the last time it reached these levels was in April 2010. My thoughts are that it is going to retrace downwards again and I am looking for a move back down to the 72000 level. If it does...
AngloGold Ashanti is an internationaly acclaimed gold mining company with a geographically diverse and world-class portfolio of operations and projects. Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold mining company in the world, measured by production. The company was established in 1998 when the gold and uranium interests...
The AAL weekly chart corresponds to the article "Anglo American Overview."
For almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period. In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart. Firstly, note how Amplats is...
JSE:AGL Stuck in rage for last 2-3 months. Break above or bellow will be worth 9% of the price