JSE:CFR Had nice really last few weeks but currently making rising wedge. This morning trading just above bottom of it. Be careful if you are long. If you are bearish wait for beak to take position.
JSE:APN Broke falling wedge few days ago as well as sideways consolidation. Back tested breakout point and made solid support at 13700/50 area. So far hourly making big engulfing bar. Trade idea long around this level on bar close (if it stays the same) SL=13600 FT=15700 for RR=2.29 ST=17000 for RR=4.52
JSE:J200 Making rising wedge. Break bellow will open 46000 as first target.
JSE:VOD Broke higher from long sideways consolation. Yesterday pulled back and so far looks as false break. Short if 13000 is broken. Target probably back to the bottom of the channel around 11800.
Royal Merchant Bank (RMB) Holdings is an investment company, with its main holding being a 34% interest in FirstRand Bank Limited, one of southern Africa’s premium banking groups. The group’s history can be traced back to the consolidation of Rand Consolidated Investments and Rand Merchant Bank in South Africa in 1987, giving the group a wide interest in the...
Established in 2001, Capitec has become South Africa’s fastest growing bank, and today has more than 7.3 million clients, 720 branches and over 11 000 employees. With shares listed for sale on the Johannesburg Stock Exchange (JSE) in 2002, the bank is renowned for its affordability and simplified model of banking, which has received superb buy in from clients of...
Remgro Ltd. is an investment holding company established with effect from 1 April 2000, after the restructuring of the former Rembrandt Group Ltd. The Group's interests consist mainly of investments in consumer products; banking; healthcare; insurance; industrial; infrastructure as well as media and sport. The company's activities are concentrated mainly on the...
Discovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products. Technicals The corrective structure indicated above has targets of between 19000 and 21000 which is a long way...
Nedbank Group is one of SA’s four largest banking groups by assets and deposits, with Nedbank Ltd. being its principal banking subsidiary. Nedbank Group is a JSE Top 40 company with its ordinary shares listed on the JSE since 1969 and on the Namibian Stock Exchange since 2007. The group's market capitalisation was R128 billion at 31 December 2017. Old Mutual plc...
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging...
JSE:SHP Rising wedge broken and currently been back tested and making bearish flag. Target is previous lows in 17500-17600 are.
JSE:AMS Big green bar on big volume on top of the trend. Blow off top on $JSEAMS hourly chart. Back to 54500 and probably going to break that rising wedge and go lower. But first target is 54500
JSE:FSR Making rising wedge on hourly chart. Break lower would target previous breakout around 6600
JSE:WHL Still early days but $JSEWHL making head and shoulders on hourly chart.
JSE:SOL Breaking from rising wedge back test of the recent low around 410-415 area possible.
JSE:J200 Top40 making head and shoulders. If confirms target around 35000
JSE:J200 If you invested in TOP40 index (J200) in South Africa at the beginning for 2015 and hold till now your return would be ZERO.
JSE:MTN Caught between rock and hard place (two gaps). Flat top triangle with false break and now back to test and break bottom of the triangle. Will it close bottom gap?