jse

Watching the accumulation range of Mediclinic (see analysis below). After a sign of strength (SOS) and backup (BU) on declining volume, we now see a significant bar with some volume indicating the breakout and markup is set to start.

We have been waiting for volume to indicate the markdown is set to continue (See link to the analysis below). After a significant bar with volume I am now expecting the markdown to continue.

Following the distribution of Peregrine (See link below), we have seen two stepping stone redistributions. In the current redistribution, we have seen an upthrust with some volume. Watching for a break of the trading range (TR) for the markdown to continue.

After a strong run and buying climax towards the end of 2017 EQU has been range-bound. This long trading range (TR) looks like a reaccumulation. After some initial signs of weakness in the TR we now see increased volume on the rallies and decreased volume on the declines. We also see higher highs and price pushing up against the 2200 level. A break of this level...

JSE:SPP Chart to watch next week is $JSESPP Inverted head and shoulders. Break above 19700 (or there about) would open potential target around 23500 give or take.

A bullish engulfing candle pattern formed on JSE:APN friday at a support level. This could mean an upswing is imminent. The stochastic has also recently made an upswing.

- Finding support on the 100ma and currently above 50ma (4HR) - Target a move to R16.32 - Stop Loss around R15.46 - R/R is 1.5 - Weaker dollar will aid Financials - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

JSE:ABG is trading around a strong support level where it has struggled at before. The stochastic is confirming by turning up, so I will consider entering a long once it breaks through the fractal level of the 8th.

JSE:OMU Cup and handle in place.

JSE:MRP - Price is finding support at previous lows - Tendency will be a bounce to the top of the falling wedge and possible break of it... - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

$JSEAGL Weekly double top still on track

Anglo American has been trading in a strong upward trend. After testing the oversold line with volume and negative divergence on the volume RSI we have seen a continuation of the stride. After a small correction, some volume indicates that the upward momentum should continue.

After a sharp drop, Old Mutual has been undergoing redistribution. We have now seen all the Wyckoff Phases and a backup (BU) after the breakout to the trading range (TR). So base on the Wyckoff theory the markdown in Phase E is set to start. Watch for a strong downward trend. I had previously analysed this as an accumulation range (see posts below) because it...

$JSETFG Break of bear flag targets R146

JSE:BID formed a bearish harami pattern with yesterday's movement. This could mean a downward move. I will wait for confirmation, as the upward momentum has been quite strong lately.

JSE:OMU has formed a flag shape which is a bullish pattern and it has broken out and will most likely continue upwards. I will, however, wait for further confirmation before jumping in.

ABInbev has been trading in defined upward channel. After testing the overbought line we have seen a significant bar indicating the upward stride should continue.

After a decline, Cashbuild has undergone a redistribution trading range (TR). After some last points of supply (LPSY) we have seen negative divergence on the volume RSI and a break of the TR. This indicates the potential start of phase E of the redistribution.