Omnia seems to be consolidating in a healthy fashion in the form of a triangle continuation pattern. Good chance in this resolving higher and your stops can be pretty tight on this. Triangle breakout could see it move to approx R95 so not a bad risk reward trade here.
A short position has triggered on JSE:AGL based off of the signals from the stochastic, MACD and EMA cross.
We are looking at a target at around the 619 level.
M Formation has formed on Daily.
Things have been looking very bad for Hulmain for the last year now.
200 >21> 7 - Bearish
RSI <50 and bearish divergence
Target R2.25
General info:
Hulamin (est. 1935) is a South African aluminium rolled products manufacturer and distributor, listed on the Johannesburg Stock Exchange (JSE).
They produce a wide range of...
Broken out of downtrend since September 2022
Cup and Handle has formed in the interim (with the handle in play).
We just need to wait for a breakout to the upside
7=21 but looks like it wants to cross up.
RSI>50 - Bullish (Good)
Target R140.24
General Info:
The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925...
Inverse Cup and Handle has formed on Sasol.
It's a rare Chart Pattern where an Inverse Head and Shoulders never formed the right shoulder
This means, the momentum to upside is strong and the price does not want to retrace back.
7>21 - Bullish
RSI >50 Bullish
Target R365.50
GENERAL INFO
Sasol (founded in 1950 in JHB) is a large South African multinational...
Thungela has formed a Large H&S cine May 2022
The price has broken below the neckline and seems to be dropping further.
200 >21> 7 - Bearish (Red)
RSI <50 Red and has formed a Bearish divergence.
However, the price is coming down with the RSI which confirms a bear market.
Target R88.70
General info.
Thungela Resources Ltd (formed in 2020 in JHB as a spin off...
Cup and Handle - Retest
7>21 SMA - Bullish
Price >200 Bullish
RSI >50 broken Neg Div.
Target R6.46
General Info
City Lodge (JSE:CLH) is a South African-based hotel group listed on the JSE in 2000. It operates in variety of hotels across South Africa, including the City Lodge Hotel, Road Lodge, and Town Lodge brands. You'll find the hotels mainly in SA...
It took a while, but the long position on JSE:MTN was finally triggered with yesterday's price action. Today's move is looking good for a continuation to the upside. Target at the 146 level
Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up.
Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than...
Spar has formed an Inverse Head and Shoulders
Since it hit our Short sell target, it's been forming the pattern.
However, as with most markets we are getting a bit of mixed signals.
7>21 <200 (Mixed)
RSI >50 Bullish but turning.
My target remains to be R160.11 but this is a medium probability trade.
JSE:OMU has broken out of an ascending triangle that has been forming since late Nov 2022. If it continues up, the trade will be triggered with a target around 1375.
Since we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level.
7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around.
The first target he set was to R1,445.20. WHich it hit last week.
Now unfortunately, there is no other chart pattern that's formed but instead a bull...
The bearish engulfing on JSE:GLN seems to be playing out quite well so far. Along with that, the stochastic and MACD have both turned downwards, so once the EMA's cross in a downward direction, the momentum strategy will also be triggering and alert on this one.
