Short formed W Formation This is where the Right rounding bottom is higher and makes higher lows than left rounding bottom. The RSI is above 50 and has broken its downtrend. Target R205.60 to begin with... Do you agree?
Inv C&H formed a while ago. We went short when the Rectangle Pattern broke down and banked a profit. But now that the price is staying in the downchannel, tells us there is more downside to come. EXTRAS: Price < 200MA Bear channel Target 2 - R212.25
INV C&H or Descending triangle RSI <50 Wait for the brim level break Bearish bias CONCERNS: The liquidity is low and high volatility which can cause the market to gap 10% on any given day. These are risky assets to trade.
Terrible liquidity of a stock. The bias is bullish with higher lows and a Cup and Handle in the process... We still need to price to break above the brim level, before we confirm the upside. RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this. I remain optimistic and...
Potential Inv H&S Price touching 200MA RSI>50 and downtrend Target R4.83 Bullish and awaiting a potential buy signal...
MR Price is potentially forming a W Formation. THe RSI is making higher lows and has broken the downtrend - Bullish momentum. The target could be R240... CONCERNS: The downtrend is still evident with a downtrend line dominating and negative Moving Averages. If the price turns up things will look brighter.
MARKET: Mondi ( MNP ) TYPE: Long (buy) ENTRY: R288.42 STOP LOSS: R264.28 TAKE PROFIT: R324.76 REASON: W Formation Breakout of medium downtrend Moving average 7>21 - Bullish Medium probability trade
Rising Wedge broken down Inv C&H broken down From the previous major fall, it seems like buyers and volume of demand is just not weighing up. I can see this stock crashing down to the next target R2.29 What do you think?
Bullish Falling wedge Right now Jubilee is still in a range (Falling Wedge) The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing. I want to say if the price breaks up we could see a target of R4.23 CONCERN If the price breaks down, we could also see a target of...
Symmetrical Triangle Equal chance of a breakout. Break up - Target R6.04 Break down - target - R1.00 NEUTRAL ANALYSIS I do have hope for Pan Africa as it's one of the rare companies that deal with innovative technology for gold extraction. Also with inflation kicking in, this will pick up the price of gold which could help gold companies who are exporters. I...
CHALLENGE TRADE IDEA: MARKET: Glencore (GLN) TAKE PROFIT: R120.00 REASON: Bullish Diamond formation with rising lows on RSI. What are your thoughts?
Afrimat has formed another unusual and rare breakout pattern - Reverse Inv Cup and Handle. This is where the handle is on the left and the cup is on the right... The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come. Looks like R22.00 is on the cards for the stock.
CHALLENGE TRADE IDEA: MARKET: Naspers (NPN) TAKE PROFIT: R1516.90 REASON: Bearish Symmetrical Triangle and lower highs on RSI What are your thoughts?
Diamond formation Higher probability for upside Target R120.00 Concerns: If price breaks below the Diamond, it will crash hard to R76. But right now the signs are pointing up.
Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10
Ellies is not looking good. It's been a strong downtrend since 6 Dec 2021 from 46c down to its current 16 cents... There are two ways this can play. Either, they sort out their issues and buyers start piling in which will break above 18 cents to go to a target of 26 cents. Or the sellers continue which plummets the share down to 8cents. The truth is the charts...
BULLISH Ascending Triangle formed on 4 hour We are just waiting for a break above R2.98 Price >200MA Target 1 - R3.80 Concern is that the previous trend is down and the uptrend could very well fizzle but the bias is still bullish.
A distorted but form of Cup & Handle has formed in the 4 hour chart... The price has broken up and above the Brim Level as of in the last couple of weeks. It's now showing strong upward momentum to come with the 1st target to 75 cents... Also we have a gap that is ready to close (hence more bullish signals). BULLISH!