Sorry the previous chart was too far zoomed out... Since we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means,...
It's clear that we've had the 1 year anticipated breakout. And it's down. Right now, we are having a slight rally which is known as a Bear Market Rally or a Dead Cat Bounce. The price can go up a day or two but the resistance level will most likely hold. And this will cause the next down leg with the ALSI... First target will be around 61,403
ArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00. SInce the financial crisis it's just been down and down for the steel and minin company. It was one of the biggest in the world. and today is showing a slow death. The technicals still confirm downside to come with the Inverse Cup and Handle. The taregt remains at 20...
AVENG is in a long term range bounded area. It's been coming down for years on a slow and steady declination of a trend. I've even put the time frame on weekly because daily is just not active. By the looks of it, the next target could ease down to R4.00 then R3.50. Not a traders haven choice and many platforms do not even offer this.
Cup and handle formed on PPC from our last update. The price broke above and went up very nicely. The chances of it going up are still higher but we need to be warned with the JSE ALSI 40 choosing a direction down... 7>21>200 RSI>50 Target remains at R3.55
Potential Inverse C&H is forming on AECI. The price action and momentum looks downwards and it looks like we are going to see some chop before the downside. Once the handle forms and shows that price doesn't want to break above the handle, we will see panic selling sending the price to the 200 MA. 7 to cross 21 Price to go to 200MA Target R91.73 ABOUT THE...
JSE ALSI 40 is currently testing its November 2022 Support (which was resistance). The price will need to break below to get traction to the downside. It can take a few days and for bulls and bears to fight this one. But we'll see. If it breaks down there is a decent target 59,369/ My bias is indeed down, but there does need a strong catalyst to break this.
Bearish Symmetrical Triangle has been in the making since 17 November 2022... However, the last few months, the JSE has just not been able to break above it's most recent declination resistance. Instead, it's for the first time, broken below the formation - showing the bears are really starting to win. How long will it last we don't know. But it looks like the...
JSE ALSI 40 - Update We've seen the ALSI 40 form a restriction range between 70,122 and 67601. It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night. As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any...
W Formation & Ascending Triangle formed on Mondi as I stated before... The price has continued to move up on a strong trajectory trend line. It looks like momentum will continue up and we'll get a ver nice buy signal once it breaks above the neckline. 7>21>200 RSI>50 Target remains at R364.88
Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while...
Kumba Iron Ore has been moving in this consolidation flag range since January 2023... The price has indeed been making lower highs and lower lows. But which way is it going to break, I believe depends on the Resources index. As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up). But regardless we have different...
Cup and Handle has formed on Famous Brands since the breakout of the downside. We see the liquidity is thin as the volatility(jumpy) motion is high... This is why I would make a large gap between E and Sl... Other signs confirm upside including: Price>200 RSI>50 Target R77.62 however. I do want to see more of a definitive break above the Brim level before all...
Here is the update with the ALSI 40... It seems to be in a tighter range with the resistance (short term downside) and the support from the Symmetrical Triangle since Dec 2022. We will be watching these levels carefully and will look to hedge positions as we are heavily short at the moment. At first glance, it shows that the price action is indeed more...
Inv H&S has formed on the USD/ZAR since 6 June 2023. The price has recently broken above the neckine, showing the US dollar is poised for upside. The DIXIE (US Dollar Index) is also showing upside to come. 7>21>200 and confirms the US dollar is going up. RSI>50 - Bullish First target is R21.00 ABOUT THE DIXIE: HOW IT’S CALCULATED The USDX is...
I've just gotten off a plane, so excuse if I am missing something. But these jet lagged eyes potentially sees a massive Cup and Handle in the process. Ignore the indicators like 7=21 price <200 and RSI<50. And just see the price action. We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.) We...
Since the last update, the W Formation formed, price broke up. And the buying commenced again. It was a long wait, but now it seems like this paper train is ready to run up. Enough corniness, but we need the momentum to pick up a bit more before the price falls into the range. I'm happy with this analysis and sound risk level. 7>21 - Bullish Price>200 -...