Short triggered on ExxaroA short has been triggered on JSE:EXX this morning slightly below our desired level as it gapped down with the opening. We are looking for a move down to the 176 level.
Jse
NPN - the bus is leaving?I'm looking at weekly and monthly chart, waiting for breakout from downtrend. Taking conservative view so would find more comfort on breakout when price moves above 2750/2800. Plus, Chinese regulatory issues appears to be priced in.
- MACD crossover
- breaking previous support
Discovery Cup and Handle formation pointing up!Discovery looks to be on a strong trajectory up since it broke up and out of a Cup and Handle formation (shaded area).
My first target would be around R226.00.
Growthpoint - downward momentumJSE:GRT is showing some great downward momentum and is ready for a short position.
Morning Star on NPHA morning star pattern has formed on JSE:NPH over the last few days. If triggered, this could mean a move to the upsode.
Bullish engulfing - IMPA large bullish engulfing candle has formed on JSE:IMP . This is a bottom reversal signal and I think we could see a nice upward move from here.
Vodacom heading downwardsJSE:VOD is showing signs for a downward move. I will enter short at the 153 level.
PROSUS - LongAs with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy.
NASPERS - Ready for a longAll three of our momentum indicators are signaling a long position on JSE:NPN . So if it continues up today, we will enter the trade.
TRANSACTION CAPITALTransaction Capital broke out of the bull flag a strong move to the upside is at play
Goldfields - Short on Momentum StrategyGFI is showing a potential down move based off of our momentum strategy. Although it happened a few days ago, the stochastic, MACD and the cross of the two EMAs are all triggers for a short position.
ABSA - Bearish EngulfingA Bearish Engulfing candle pattern has formed on ABG with yesterday's price move. We can consider a short position if the price continues downwards from here.
TRANSACTION CAPITALtransaction capital is my fighter for 2022 this company will break grounds and limits to get to the top
MULTICHOICEmultichice seems to be looking very bullish at this point a break out of the structure possible
Capitec - Sideways Consolidation BreakoutJSE:CPI has been trading in a sideways consolidation area since Jan. With yesterday's price action it broke out of the top of the channel, which could mean a good opportunity to go long.
RICHEMONTRichemont back at a level it started perheps we may see more buy orders being executed to move higher
Downward momentum on AMSOur 3 momentum indicators have all crossed downwards on JSE:AMS signaling a good time to enter a short position. The target is at the strong support level at around the 160000 level.
Downward momentum on AGLAll three of our momentum indicators have crossed downwards on JSE:AGL . It is looking good for a short position. Target levels around the support area of late September 2021.
Hammer at SupportA hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.
