Inv Head and Shoulders formed on Adcock and now the price is above the neckline showing upside to come. 7>21>200 RSI>50 Bullish CONCERNS: This is a very volatile, flimsy and illiquid stock compared to the Blue Chips. I call these unhealthy charts which seldom work well with breakout patterns. Maybe as a Weekly analysis or Monthly will show some more promising...
Anheuser-Busch InBev broke from a downward sloping channel and formed what looks like a bull flag It has now broken out of that bull flag with a target of 12400
Box formation is strong with CML. We need to wait for the price to break up or down from the formation, or it can be a long sideways move. If it breaks up the target will be R46.00 My bias however is more to the bearish side. and so if the price breaks below the current uptrend line and below the box formation, it's pretty much a given. Provided that that the...
Symmetrical Triangle formed on Redefine. We saw the price breakout to the downside. 21>7 >200 MAs - Mixed RSI <50 Bearish divergence Target R3.20 ABOUT: Redefine Properties Limited (Est. 1980s in JHB SA) is a leading South African real estate investment trust (REIT) and one of the largest property owners and managers in South Africa. It has a diverse portfolio...
New Cup and handle has formed on Merafe as well as a strong uptrend channel. Target 1 at R145. Target 2 R1.66 Price is about to cross above the 200MA as it is preparing for upside. Bullish bias but will need the price to break above the 200MA before any action to be taken.
W Formation has formed on Daily with a striking up candle breaking above the neckline. With MAs we have 7>21 - Bullish Price > 200MA Bullish RSI>50 >70- Bullish Target R4.29 Concerns: The 7>21 is still below the 200MA which signals the downtrend is still in place.
Gold Fields we made a BROAD analysis over the medium term. As it is one of the smaller gold companies, I like to widen the stop loss and take profit accordingly. So, it's not hit our stop loss yet at R173.80. But it has broken below the uptrend. Best we can do is just wait, hold and hope. But if it doesn't work out it's just another 1.5% loss on the portfolio,...
Spar has formed an Inverse Head and Shoulders Since it hit our Short sell target, it's been forming the pattern. However, as with most markets we are getting a bit of mixed signals. 7>21 <200 (Mixed) RSI >50 Bullish but turning. My target remains to be R160.11 but this is a medium probability trade.
Thungela has formed a Large H&S cine May 2022 The price has broken below the neckline and seems to be dropping further. 200 >21> 7 - Bearish (Red) RSI <50 Red and has formed a Bearish divergence. However, the price is coming down with the RSI which confirms a bear market. Target R88.70 General info. Thungela Resources Ltd (formed in 2020 in JHB as a spin off...
Since our last Trade Update with Oceana, the market is still on track to R76.00. The Quazimodo Inv Head and Shoulders seems to be working, but taking its damn time. Also we have stronger bullish confirmation signals like 7>21 Price >200 RSI >50 All great signals for upside momentum Here's general information about Oceana. Oceana (founded in 1887 and...
Head and Shoulders in the making for Northam PLatinum Since it broke out of the downside and entered into a rising - sideways consolidation - the buyers have just not been able to keep the price up. We are starting to see negative and bearish signs technically. 21>7 - Bearish Price approaching 200MA RSI<50 - Bearish Target R145.18 CONCERNS: The main concern is...
JSE has been forming a fantastic Cup & Handle since March 2022. The price broke up and out of the brim level and I want long and bought it. 7>21 (Bullish) Price >200SMA (Bullish) RSI >50 (Green back) Bullish The first target is 83,209 It seems like despite the economic crisis with load shedding, water outages - The rand has gone up a bit since inflation...
New Cup and handle has formed on Merafe following the Old one in 2022 Target 1 at R145 and now a new target of R1.66 Price >200MA first time since Sep 2022 Some info on Merafe Merafe Resources is a South African company that is primarily engaged in the mining and production of ferrochrome, which is an alloy of chrome and iron used in the production of stainless...
Inverse Cup and Handle has formed. We are just waiting for the break. The pattern is showing a slight correction before further upside. On the left is a larger W Formation which is showing medium term upside but for now, we'll take advantage of the short. 21>7 - Bearish Target to 200MA 62,705 Trade well, live free. Timon Rossolimos MATI Trader
CHALLENGE TRADE UPDATE: Tigerbrands (TBS) TAKE PROFIT REACHED After a long hold of almost 2 months, Tigerbrands reached our take profit price at R219.05. I was a bit hesitant considering the global chaos and downside that has come down on the markets. But I guess because Tigerbrands is less connected offshore, is the one of the reasons why it's wings were not...
Cup and Handle has formed on DRD and is looking pretty good. There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup... Also Moving Averages have crossed up with 7>21>200 Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the...
Head and Shoulders has clearly formed on the daily chart for Omnia. The moving averages are looking bearish with 200 >21>7 The first target is R54.82
I call this a Quazimodo INV H and S> it's because it's an unattractive pattern which isn't the greatest setup for traders when it comes to probabilities. It's been in a sideways movement since 2 December 2021 fluctuating between a range. Moving averages look good though 7>21>200 and RSI above 50 and making higher lows. The first target is R76.00