JSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we...
JSE:MCG is showing signs of great upward momentum. The stochastic and MACD indicators turned up last week and the two EMA's crossed in an upward direction yesterday as the final trigger for a long trade. We could see a love up towards the 12500 resistance level, and if it breaks through that level, we could potentially see it going all the way towards the...
JSE:WHL has ticked all of the "indicator boxes" to signal a short trade. The EMA's crossed on Friday last week which was the final trigger sign along with the Stochastic and the MACD crossing downwards a few days earlier. Today, so far, the price seems to be slightly up, but if it breaks through the lows formed on Friday, I will enter a short position.
JSE:MTN is looking good for a short position because the Stochastic and the MACD turned down a few days ago and more recently the EMA's have crossed downwards. I think we could see a move all the way down to the support level around 10500
HIGH RISK TRADE! BUY! Entry:0.2288 EUR Target: 2.7976 EUR (+1100% profit) Stop: 0.0794 EUR Steinhoff International Holdings N.V. specializes in the retail trade.Sales are distributed among the various business segments as follows: - Retail (97.9%); - Financial services (1.8%); - Other (0.3%). The geographic distribution of sales is as follows: South Africa...
JSE:ABG formed a bearish engulfing candlestick pattern on 1 September which is a top reversal signal. What makes the signal stronger is the fact that it it coincides with the resistance level from the current longer term up-trend. The MACD, Stochastic and now the EMA's are also showing signs of downward momentum. I think we could possibly be looking at a move...
JSE:ARI is showing some good downward momentum based on the stochastic and MACD and the EMAs which are about to cross downwards. I will wait until we get absolute confirmation from the EMAs before entering, but if it breaks lower than the low of today's candle so far, we should see a cross.
JSE:ANG made a string downward move early in August. Since then it has been consolidating in a slight upward direction. Although not confirmed yet, this might be the formation of a bearish flag pattern. If it breaks through the bottom of the consolidation area, we could possible see a downward move as far down as the length of the original flagpole. I will wait...
JSE:NPN is showing good signs of upward momentum based on the stochastic, MACD and EMA's. It is also trading in a downward channel at the moment, so I would think that it has potential to make a quick move up to the top of the channel, but if it breaks through, I think we could see it go all the way to the resistance level at around 320000
Wouldn't it be lovely... Our perfect scenario on Nasdaq Things to consider Contradictory fundamentals - BTC rose to 50k, Tesla has immense holdings in BTC, possibly creating a pump at NY open Gap at 15088 - Once closed all stop's should be beneath entry making this trade risk free as this may create a buyers leg Essentially there are possible HH's that...
JSE:GLN is showing signs of downward momentum based on the indicators of our momentum strategy. The EMAs crossed in a downwards direction yesterday while the stochastic both crossed downwards the day before. I think we could see a move down towards the previous support area at around 5780
We see that USDCAD had an impulsive move to the downside and started correcting in a form of an ascending wedge for a continuation to the downside .Price currently approaching for a third touch of our channel. Entry: Planning to take a risk entry on the third touch of correction and first TP at the 90% of structure.
JSE:BLU is showing signs of upward momentum with the recent bounce off of the support level at around 460 as well as two of our three momentum indicators having crossed upwards. If confirmed, I think we can see a move to at least the previous highs of around the 530 level.
Since mid-May, JSE:IMP has been struggling to make lower-lows and found itself in a sideways consolidation period. With yesterday's upward move, it has broken out of the top of the consolidation zone. If the momentum continues, we could see a move up towards the 30000 resistance level.
JSE:OMU recently bounced nicely off of the 200 Simple Moving Average and started to in an upward direction. It is also showing signs of great upward momentum so I think we could be looking at a nice upward move towards the previous resistance level at around 1480
USDZAR: first they will sell their houses and belongings (for rands) Ok well you know what I think about South Africa, what I said about it + reading between the lines + what I say about other places and the world in general. It's simple the price moves because of what people are doing it's not magical. Riots don't magically make the currency implode, it's...
JSE:PPE had a nice upward rally at the beginning of June followed by a slightly downward consolidation period. Because of these moves, we have seen the formation of a bullish flag pattern. A bullish flag is a continuation pattern, therefore the expectation is that the price will continue upwards once the breakout has happened. So far this morning a breakout has...
JSE:MCG is showing some good upward momentum at the moment and could do well for a long position. Although the MACD and Stochastic alerted quite a while ago, the EMA's are confirming the upward momentum.