BULLISHness on good old Hulamin has struck. We see the price breakout above the Ascending Triangle as price is also above >200MA Target 1 - R3.80 Let's see how this one plays out as the price is meandering around the sideways levels. We need a strong catalyst for upside...
Symmetrical Triangle has formed on Aveng... With the property prices on the way down with the global crash, we can expect the price to drop further... However, as traders we need to wait for a breakdown first, to confirm... This could very well break up and we could have a Reversal Bull Symmetrical Triangle. But right now the bias is bearish with a target at R8.08
Cup and handle formed on Merafe. This is a short /medium term trade. We can see the gap down is likely and ready to close. The first price target will be at 200MA to R1.45 We also have the resource sector dominating the JSE All Share Index. AGL, ANG, HAR, EXX, KIO all looking bullish, which will help push up the Ferrochrome price along with the metals.
Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up. Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than...
TAKE PROFIT REACHED after two months of holding this trade - Glencore. There was a super Diamond Formation that told us it was heading to a target of R120.00 It touched beautifully today after the long hold and seems to show more upside to come. I'm out of this trade for now.. Follow for more Daily TRades and Analyses... We show both winners and losers as I've...
TAKE PROFIT REACHED R1023.73 and things are still looking super bullish. We are out of this trade but will be watching it for further potential breakout patterns. Follow to not miss a trade idea.
Profit target 1 Reached for Richemont at R205.65 There is still a strong Bullish bias, but we'll have to wait for the next pattern to form. The JSE Santa Claus Rally is premature but we are loving every second of it. Let's hope it continues after a trying couple of months.
Mondi hit our take profit at R325.00. We have been monitoring it and it's been forming a somewhat Rectangle Formation lately. I think once the box has formed and the price breaks out, we'll get out next trade entry. We are bullish still but out of the trade for now...
Rounding Top (Scallop) has formed on the daily chart. The price has broken below the neckline which signals bearish for USD Also the moving averages are almost looking good. 21 > 7 >200 - Bearish First target R15.92 The correlation between the Rand and the JSE stocks have somewhat reversed as of late. When stocks rise, the rand tends to strengthen and vice...
Cup and Handle has formed on the daily with Bidvest. The price has broken out and we are being a bit premature to go long, but the demand pressure is strong. 7>21>200MA Bullish signal Target R258.13 Fundamentally, with the interest rate decision to pump up the market responded mostly positively for a short term view and this is probably because of the buying...
Bear Rectangle is forming on Sasol as it previous did a few months ago. There are bearish signals as the downtrend is continuing. The 200 > 21 >7 MA which once the price breaks below R277.95 we will have our next target at R225.43. This confirms with the ongoing drop in oil price...
In the pipeline is seems Coronation is forming an Inverse Head And Shoulders pattern. We seem the upside potential on the JSE based on the last analysis I did. The first target will be to come down a bit, break above the neckline and then head to R41.58
The JSE ALSI 40 is finally showing strong upside since April 2022... It's broken up and out of a box formation and is showing the first target to 73,300... This is based on following the recent America's rally with the inflation rate coming down finally and dropping below the expectations. GDP is picking up and jobs have added over 261,000 jobs. The leaders of...
Bull Diamond Break up and out of the resistance for Vukile It looks good target R15.27. With the JSE showing a strong bull market since the crypto meltdown. Investors are looking to deposit and move their money into safer and more stable markets and instruments.
SYGH on Daily had a Triple Bottom Followed by a Falling Bull Pennant The bias is Bullish and if we base the target on the previous flagpole we can expect Target 1 to head to R30.50
Inverse H and S on Amplats The break out of the neckline was strong and the MAs look good 7>21- Bullish. Price is testing 200MA but looks like momentum will help overcome it. Target R1,917.58
Another Penny Stock ready to rock. Pan Africa has formed an Ascending Triangle with the break to the upside on Friday. We can now expect the share to head to R4.16. Bullish.
There has been a change in the wind for City Lodge. A small but evident Cup and Handle has formed. 7>21MA Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up, Target 1 = R5.00