Nampak W Formation broke above the neckline and rallied in a few short days to the first target at R271.81. Now there is no breakout pattern emerged but there is a Regression channel showing a trend. With an uptrend line. Below the uptrend line is the safety like which means, we can expect the price to continue up for now until it hits the target at...
W Formation & Falling Wedge has formed on City Lodge. We haven't had a strong breakout so the consolidation range will continue as it is... We need an imminent breakout before we jump on this one. Target R5.35
Potential Inv H and S has been forming since September 2021. Mr Price, has tested its lows at R125.00 multiple times, and the price continues to rocket up. It now needs to form one more shoulder, higher low and cross above. And we could see Mr Price at R305.37 by 2025. NATURE of the analysis: High Probability Price>20 Price>200 Target R305.37
Trade Alerts: SA Rates and BoC Decision South African Inflation South Africa is expected to maintain its key interest rates at 8.25% and 27.25% on Thursday, citing persistent inflationary pressures. Central bank Governor Lesetja Kganyago has emphasized that rate reductions are unlikely until inflation sustainably returns to the 4.5% midpoint of the target...
Cup and Handle formed on Northam and the momentum is looking good for upside. As many brokers and market maker in SA don't allow trading PLatinum, the only next options we have are platinum stocks. So this one is one that is almost mimicking the precious metal. We are seeing price above 20 and 200MA. And this means it's a High probability analysis... Target R167.75
Broadening Pattern has formed with Capitec. When this pattern forms it bounces between ranges. Right now it bounced off the top of the range, and is most likely to come down 50% from the most recent rally. Once it comes down to a target of R2,400 then it could consolidate move sideways and then breakup to the next target at R2,900. This is a little...
M Formation is now turning into a W Formation We never had the break down and now it is looking up, along with the platinum price. So we need to adjust course. Now we are waiting for a breakout above the Neckline of the W Formation then the next target will be around R126.27 Nature: High Probability Price>20 Price>200
W Formation is clearly forming on Motus. The downtrend has broken and price is above the 20 and 200MA. We now need a clear break, close above and open above the neckline. Then we can easily set a target for the company at Target R144.77
W Formation formed on PPC. The price broke out of the downtrend since January 2024. and we have further confirmation with price above both 20 and 200MA. The target has therefore been increased to R4.60. With the new building of the malls in South AFrica and the property boom, I don't blame a company like PPC to have invested interest from the shareholders.
Nampak shot up a LOT faster than I ever imagined. And it destroyed the first target at R271.81. Problem is the uptrend is extremely steep which can signal flat panic amongst the buyers. I would now wait for a 50% pull back from the most recent low and high to about R243 and then some consolidation before it runs up again. It's still very bullish but there...
Cup and Handle has formed since September 2023. We are waiting for an imminent breakout. With the new cabinet in play, stronger rand and weaker US Dollar with Granpa Biden bringing the US down. We are in for a potential rally with the JSE. Question is, will the AMerican markets lead the JSE too? When the US dollar weakens, we generally see a rally in their...
Cup and Handle formed on Absa, broke up and out of it. On 12 June I said it was imminent for a breakout to the upside, but I had NO clue how fast this thing was going to rally. And it was only a Medium Probability Trade Price>20 Price<200 Now that the price has shot up, it obviously is silly to just buy and go long without waiting for a trend confirmation...
Cup and Handle seems to be forming on Absa. There was little supply (selling) which caused a major push up on the bank stock. Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again. RIght now it's in Medium Probability territory. MPT Price>20 Price<200 Target R181.95
We need a Weekly chart as there is too much chop on the daily. Bidcorp has been moving nowhere slowly since April 2023. And during this time it's been moving in a Bullish Diamond Formation. Why it's bullish is because the previous trend and pole was up. SO we are expecting a sideways move before the break up and out of the pattern. Next target will be at R526.74
W Formation formed on PPC and there has been a breakout of the downside since December. The M Formation that formed I expected to breakdown never confirmed and so, the analysis has switched.l It's not easy making analysis probabilities with low liquid penny stocks like PPC. Funny I never thought PPC and Penny Stock would be in the same sentence but here we...
W Formation formed on Nampak, and we waited for the break. Then we got the price above 200MA. Now it's already over half way towards the first target at R271.81. Looks good and if one wants to lock in profits by moving the stop loss above breakeven, it's perfectly fine to do so.
Rev Cup and Handle formed on Netcare, we then had a MAJOR swoosh up in one day. This broke not only above the 20MA and 200MA but also above the January downtrend. So the movement is looking very positive for the healthcare stock. Target R14.73
As of this week, Motus is finally breaking up and out of the 17 month downtrend. It's also forming either a Triple bottom of Inverse Head and Shoulders. Once the price breaks above the neckline, we could see a strong move up. Price>20MA Price>200MA Bullish bias with a target of R144.77