OANDA:GBPZAR Cup and handle in place. Wait for break higher.
The price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices...
Since the end of August volume has been high on MTN indicating that someone is buying while everyone else is panic selling. Last week was the highest volume since October 2015. Following the Wyckoff logic we expect a Automatic Rally (AR) which will form the upper bounds of a Trading Range (TR). We will then have to watch if this is another redistribution or accumulation.
Vodacom has consolidated but after reaching the overbought trendline of the downward stride there was a clear change of character indicating weakness. The break of the TR range could indicate more downside to come.
Barloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should...
JSE:BAW is currently trading at a tantalizing level for a long trade. The R128.00 acted as strong resistance for the first 2 months of this year and it would seem as if it recently held up as good support and it is trading at this level once again. On the moving average front, the short-term EMA has crossed above the long-term EMA. The medium-term EMA is well...
Tiger brands has once again tested the critical R240 support and held so far today. If it can get some legs we could perhaps see a move back to R290.00. Ex dividend today and unbundling of OCE which will explain most the weakness seen today
Explanation in the chart. Not an area i would be getting involved in commodity stocks on the JSE. Probability favours consolidation and a retracement in the sector.
Monitoring closely - Will exit long on hourly close below R299
TIGER BRANDS WEEKLY Timeframe Reasons For Entry: - RSI Divergence - Wave 5 Entry Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given should be taken as a...
SATRIX RESI PORTFOLIO H4 (240 Minute) Timeframe Reasons For Entry: - Ending Diagonal - Supply Zone Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and patterns for illustrative purpose and no set up given...
SAPPI LTD DAILY Timeframe Reasons For Entry: - Ending Diagonal - RSI Divergence - Wave 5 Entry Target is set based on Quasimodo Sell Entry at Supply Zone Everything Good Yearns Patience And Time Disclaimer: Trading stocks, commodities, futures and forex has a level of risk and may not be suitable for all investors. This Page has many charts to show setups and...
Platinum prices are currently moving in an ascending channel on the 4-Hour timeframe, and they arfe currently almost completing a bear flag pattern. We can expect prices to move down and test the support zone at 874.30, and then push higher as they will be upper band of the ascending channel. Possible targets can be the length of the pole of the bear flag...
Price is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern. Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.