Living in South Africa in recent years has been a challenge not just mentally but emotionally with all the negativity going around. None the less, I love South Africa and remain optimistic. From the charts, the current development of price action seems that we won't be breaking through ATH's anytime soon. If the sideways chop from 2015 up to 2017 is anything...
JSE:AGL AGL made double top and confirmed, push bottom of keltener channel, pulled back to 20 ema and today making big engulfing bar, broke yesterday's LOD Target for the move is 386, SL is 406 today's HOD
JSE:SBK Trying to break from massive falling wedge. Are better times ahead for SA banks?
JSE:CPI Testing double top conformation line. If it breaks bellow target is around 1220 or there about.
JSE:CPI Breaking flat bottom triangle. Target around 136500. If that levels breaks there will be double top in plan. All in all looks bearish here.
JSE:J210 Strong up trend resistance been cleared. On the way to all time high.
JSE:J211 After false break lower in 2019, index run all the way to the top of the range. Probably will consolidate now before it tries to break higher.
JSE:J200 Strong weekly candle clearing previous resistance. Next target is 55.000 but will probably higher than that.
JSE:CFR Braking higher from symmetrical triangle more upside on cards
JSE:VOD Making big base over last 18 months. Range is R110,00 to R138,00. Made big W formation inside of the box. Break above R138,00 will open target around R160. If you would like to keep this in portfolio for longer this is the time to buy.
JSE:WHL Broke from long consolidation few days ago, did back test yesterday and today and moved strongly. Resistance is in 5300 area, if it gets cleared next target will be gap close in 5700-5800 area.
If prices break above the previous 34 156 resistance, this should be a good opportunity to buy into this market. The price is above the 100-day exponential moving average on the weekly chart and also seems to be bouncing off the 400-day EMA on the daily chart, as this seems to present a support zone. Our good old trendline shows the price making a series of higher...
ABSA Bank Limited (ABSP)The walls are bloody for ABSA, which clearly shows momentum to the downside on the monthly timeframe (check out my full analysis on my instagram account @heisenberg_trader), as prices are trickling down, with momentary pauses in the form of bear flag patterns. The long term trend is clearly downwards, as prices have been forming a series of...
JSE:SOL Breaking sideways consolidation after very strong day yesterday and strong open today. First target is around 38000 above that gap close. Ideally one should wait for pullback but not sure if it will happen.
JSE:AMS This is what is called parabolic move. Watch for parabola been broken, could be that we are close to it.
JSE:CFR Consolidating in flat bottom triangle after initial big drop. Rand strength works in favor of bears .
JSE:SBK Some basic line chart to follow. Looks like $JSESBK is testing break out from cup and handle.