A bullish engulfing candle formed on JSE:REM with yesterday's price movement and a long position was triggered today. we are looking at a target around the R153.50 level.
The JSE ALL SHARE 40 seems to be forming two bearish patterns. 1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down. 2. Bearish pennant which is tricking many traders into a bull trap. I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end....
From a technical point of view we have found support, as well as, dynamic support on the 100EMA. We also have a channel that has been respected to the upside. Fundamentally hospitals are catching up on selective surgeries post pandemic. Break of pre-pandemic stock value could see a sustained rally to the upside. This all depends on sentiment, as well as, how well...
A head and shoulders pattern has formed on JSE:CFR . The neckline is ascended slightly, but I think it has a fair chance of playing out. The target is down at the R89 level.
JSE:AGL has triggered a long position with today's movement. The stochastic, MACD and moving averages have all crossed upwards, signaling the upward momentum.
The technical are all explained on the chart. There is potential fundamentals to bolster the technical analysis. Adcorp holdings JSE listed www2.staffingindustry.com Adcorp Holdings Ltd. (ADR:JNB), a staffing provider based in Bryanston, South Africa, on Monday reported it expects to report revenue for the fiscal year ended 28 February to be in line with...
the foschini group reported great numbers last week and made a bounce on the zone we might see a strong move up
a strong bullish move might be at play on sasol coz of the higher oil prices
Good day you Great traders i am Gladly back serving you only the best of trading insights here's what I anticipate this wonderful day Weekly we have been successfully creating lower highs and lower lows shockingly since 21 Dec 2022 Daily we got to things that happened past 2 days: 1. We have rejection and retracement up yesterday note it didn't reject a major...
Disregarding today's move, JSE:ANH is looking good for a short position. If it breaks through the 855 price level, I will enter short.
JSE:SOL is showing all of the signs for a short position. EMAs, MACD and Stochastic have all crossed downwards. Looking for a move downwards towards the 302 level
Renergen bullish ascending triangle at play a move up is possible
Kap industrial broke out of the box range a move higher seems possibles
the satrix financials ETF may look attractive for a buy opportunity
A 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.
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 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.
JSE:SBK is showing downward momentum and is ready for a short position.