JSE:APN Down 12% today with market been up all day. Stopped at support around 8500 If that breaks next support is around 6300. And if cup plays out target is at ZERO.
Here’s why I expect the JSE to plunge 10%... Reason #1: When world markets crash, South Africa goes down with it As global markets plunge, history has shown us the JSE will follow suit! Last week alone, global stock markets closed down over 2% in one day because of the coronavirus: London's FTSE: -2.5% European Stoxx: -2% France’s CAC: -2% Germany's DAX:...
JSE:APN Publishing results after close today. There are small head and shoulders in place with moving averages getting red. On the other hand it is holding very well today with all selling on our markets. What is interesting all market action is contained in daily bar on 19 March 2019 and very bad results published.
JSE:AGL Down 6% today and making head and shoulders. Watch for neck line break.
JSE:CFR Testing bottom of range, break lower and drop or bounce from here towards top of the range.
JSE:MEI Last few months was consolidating in rectangular pattern. Break higher was expected but this morning it broke lower. There are small support around 6900/7000 but looks like will go and test 6400/6500 area as pattern projection. Bellow 6900 next support is only around 6000.
JSE:APN Made small head and shoulders with neck line been broken today. Target around 9200/9300 area.
JSE:KIO Breaking long term support and breaking down form bearish flag. Looks very bearish to me.
JSE:NTC Made inverted head and shoulders last year that confirmed with target around 2230. Unfortunately for bulls it never pick up momentum and continue trading sideways. On Friday it opened around neckline that acted as support. It could be good long with SL close bellow neckline and target still around 2230/2250
JSE:HAR Posting weekly chart since patter is way to big for daily. Made sideways consolidation over last 5-6 months with top of it been tested on Friday. Break above will bring more upside. What I wanted to point is big cup pattern that is still developing. If it plays out potential target is around R10000
JSE:MNP Developed falling wedge from December 2018 to Novembr 2019. At the begining for November 2019 broke above with projected target in the zone between 38000/38500 In mean time it went down and back tested falling wedge in January 2020. There is smaller cup and handle pattern that developed over last two months. Target for that pattern is around 37000. If...
JSE:MTN Inverted head and shoulders in making. Neck line around 8950-9000 zone. Break above will send price towards 10000.
JSE:BHP Trying to break above falling wedge on hourly chart, we had close above. More strength around here will push price towards 34800 and gap close.
JSE:BAW Head and shoulders on weekly chart with neck line been back tested and held. Target is around 2500 low from 2009 on this one.