Cup and Handle has officially formed on the daily chart. This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA. Now once we get our breakout, we'll be more inclined for further upside and demand. Target R36.02 ABOUT THE COMPANY: Foundation and Listing: Hyprop Investments Limited was founded in 1987 and is...
We've started off the year of 2024 the same way we started in November 2022. In a sideways range with a high of 75,000 and a low of 63,000. This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks. What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading...
This stock is in a good position to give us some healthy gains. First we need to gain the internal structure going higher than 8400 at least, then hold 7700 to continue the move to 12000, else it will fail and create a new low, local to a higher time frame. But this spot is key at the moment, keep a close eye from tomorrow morning open...
After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation. We thought the price was going to close below and open below th neckline. Instead there was a largeish exaustion gap. An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted...
M Formation has been forming since November 2023 where the high was R120. There are lower highs forming and it looks like the price is about to crash down. This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market...
Cup and Handle seems to now be forming on Renergen. It seems like there is a change in the wind for the stock as last year we predicted a big crash which struck at R9.33. And This time around, we're seeing a Cup and Handle form. It's not exactly there yet and we do need a break above the brim. But when it does so, we will see the price go above 200MA and...
Watch out - City lodge is breaking out this long term triangle bottoming pattern. I have 3 different targets based on the distances of the triangles within the larger triangle. I'd like to see a little more volume on this break but technically it looks good. More conservative traders can wait for a breakout above 5.05 for further confirmation
Looks like a nice area to get long for the next move higher.
Note how the trendline that has formed has had its 3rd successive touch with a reversal candlestick. Each turn off support has created strong upside price action the following day. The level where the top40 found support is even more significant as the 67500 has been a massive change of polarity on many occasions through the second half of 2023. The bulls have...
USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing...
Inv Cup and Handle formed on July 2021... The price broke below and since then it's been on a downward trajectory with a solid downtrend. Now the price is currently testing the downtrend, which can go either way. If it breaks up, we will see short term upside to 3.00. If it turns and continues down from here the investment short analysis will continue to...
Cup and Handle has formed on Aveng after a long term downtrend. The price has broken above the brim level and so momentum is leering up. Price = 200MA RSI>50 Target R11.28 ABOUT THE COMPANY Aveng Group is a diversified infrastructure and engineering company based in South Africa. Diversified Operations: ' Aveng Group is involved in various sectors,...
Triple Bottom seems to be forming on Motus. The price has broken above the downtrend, showing the bulls are trying to get into control. Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom. Another clear sign of consolidation is the fight between the MAs......
PPC hit our initial target at R3.50. It then confirmed a breach above the neckline from the larger cup and handle formed since March 2023... Now there is a slight consolidation before the upside to continue. We see the moving averages are perfectly aligned where 7>21>200 And the RSI>50 and making higher lows. New target will be at R4.40
As expected, the JSE ALSI consolidated a handle and the price broke up and out of the brim level. This aligned with the upside of the Santa Claus Rally along with the resource rally. We also have the January Effect that will continue to push the price up. We have an aggressive entry on the longer time frame, and others will wait for a pull back to the brim...
We'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental...
Inv Cup and Handle formed on 28 September 2022. The price broke below the Brim level and since then it's been a one way trip down to 80 cents. Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect. It will then reach R2.20 to test the...
W Formation and Rectangle formation has formed since May 2023... Now, we are definitely getting signs of upside, more than downside. That's because the resources sector and precious metals sector is showing positive signs. As we welcome 2024, investors will be using their bonuses and will be reinvesting in the new year which will lead to the January Effect....