Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has...
This week I remain an optimist that we will see a higher low with the JSE. And it will soon (not sure when) break up and out of the long extended Vuvuzela formation. Once it does my first short term target will be to 75,000. Every year it seems the JSE is testing traders more and more. Some fundamental news: Someone asked about what happens with the Interest...
The JSE ALSI 40 has been moving in this large somewhat frustrating Symmetrical Triangle since December 2022. I've been bullish with the index and have expected it to break above the apex by now. But the triangle just keeps on moving in its consolidation sideways range. Thing is, the up signs are showing. This market wants to fly up and the rest of the...
JSE ALSI 40 - Bullish Bias Finally, the market chose a direction and we are only looking for longs. Falling Flag breakout 7=21 = Crossing up Price>200 -Bullish territory RSI>50 - Bullish Target 77,000 SMC: Two Sell Side Liquidity Order blocks have formed where Smart Money will come down to sweep the selling (buying into it) and it will push the price up. Now...
JSE ALSI 40 - Cup and Handle seems to be forming on the ALSI 40, We need to wait for a breakout to the upside. Price >200MA RSI>50 Target 79,178 I prefer banking money when markets go up than down. So this might be the saviour for May with the JSE ALSI! SMC: We have a Sell Side LIquidity area below the new Handle. This is where Smart Money has come and...
Symmetrical Triangle formed and price broke below. 200>21>7 - Bearish RSI<30 - Bearish Since then it's been swimming to the price target of R42.39. We can just wait until the trade plays out.
JSE:J200 is now flat for the year, not total return. The market is all over; financials were strong, now weak. Gold miners attempted a rally that failed, they're on a second attempt now. Even JSE:STXFIN is now under pressure. It's probably a stock picker's market.
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
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...
With Foreign Equites taking a beating, our Local market has been doing very well, I personally feel we could see profit taking from these levels. we could see a flight to safety into SA bonds here.
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
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...
It definitely can seem tempting to buy (go long) a stock like Bidcorp as by theory it's broken above the Cup and Handle pattern and the moving averages look great 7>21 >200. However, it's also good to look at the broader picture of price action. Bidcorp has been moving in a sideways rectangle formation since February 2021... I think only above R30.00 will give me...
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...
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...