JSE:CFR Consolidating in small box. Break bellow 8800 will probaby open 8000/8200 as target.
JSE:CPI After making all time high $JSECPI pulled back and made falling wedge in the process. Looks more upside coming.
JSE:SOL Another potentially good short. $JSESOL down after oil was up 8% tells you the story
JSE:NPN Making big engulfing bearish bar at very strong resistance. Clear negative divs in place
JSE:ANG Making cup and handle if confirmed target around 20000 some 40% upside potential from here
J200 J210 J211 J212 Over last few days RESI (blue line) was over performing but looks like now it is way stretched to the top Looks like FINI (green line) is ready to run now
JSE:WHL Trading in wide down slopping channel. Currently making bullish flag. Break to the upside from flag and target around top of the channel will open.
JSE:KIO Hourly chart making head and shoulders. If neckline is taken will probably test recent lows. This is more for short term traders.
JSE:STX40 Currently hourly chart making falling wedge so it should be bullish But if bottom got broken will probably see 40000 in days to come.
JSE:SOL Breaking lower from symmetrical triangle Target still around R38000
JSE:CFR After failing to break to the upside $JSECFR gapped lower and will probably test bottom of the range.
JSE:TRU Making cup and handle. Solid break above 9100 will open 10400 as target.
JSE:CFR Making long sideways base after big drop Break above 9300/93500 will open 9850 as target maybe even 10000 Ultimate target gap close around 10350
Vodacom is a leading African communications company providing a wide range of communication services, including mobile voice, messaging, data, financial and converged services to over 103 million (including Safaricom) customers. From Vodacom's roots in South Africa, they have grown their mobile network business to include operations in Tanzania, the DRC,...
Standard Bank Group Ltd. is the ultimate holding company for the group’s interests and is a leading African financial services group with South African roots. The group is South Africa’s largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Their strategic position enables them to connect Africa to other selected emerging...
I coded this indicator for the JSE. The indicator gives the percentage of stocks above its moving averages. We see that the JSE has less than 20% of the stocks above its 200 Day SMA and about 50% around its 50 Day SMA. If we look at previous analogs at the start of the trading range there was a declining trend in the 200 SMA but inclining trend in the 50 SMA which...