EURNZD AUGUST MONTLY STRUCTURE OHLC(SELL SIGNAL) 🔻🔻🔻🔻 Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. "Analysis of FX:EURNZD EURNZD Monthly Price Structure for August Identification of Open, High, Low, and Close Prices Indicates a Potential Sell Signal Upon observation of the monthly timeframe, it is evident that the EURNZD pair...
Box formation formed on Remgro. Now this is an update to show the upside that's on the way, and what is to come. As a short term trader one can set the target at R169.00. As a medium term trader one can set the target to R191.00. All depends on the R:R placement method and term to hold. Either way, this thing is heading up. MAs - 7>21>200 RSI>50 Target...
You pay less at Clicks but the price is going up so now is the best time to buy. We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come. We have other indicators confirming including: 7>21>200 RSI>50 Target R340.76 ABOUT THE COMPANY Clicks is a well-known South African retail...
C&H has formed on the daily with the price breaking above the brim level. Property market in SA is shining and we are seeing this with a couple of stocks. Other indicators confirm upside including: 7>21 Price>200 RSI>50 Target R36.35 ABOUT THE COMPANY Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on...
Cup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level. 7>21>200 RSI>50 Buy divergence Target R11.86 About the company Curro Holdings is a South African company that operates private schools and offers education services. HOW IT GOT ITS NAME Curro Holdings' name is derived from the Latin word...
Descending Triangle or M Formation has formed on the daily for the company. The price has merely broken below which doesn't make ait a strong sell signal. However, there are signs of further downside to come. 200>21>7 RSI<50 (Sell divergence) Target R9.33
Falling Wedge formed on OMU, the price broke up and it was clear demand and buying from there. We also had a W Formation confirming strong upside. 7>21>200 RSI>50 Target 1 -> R12.61 Reached Target 2 -> R13.38 hit today. The uptrend is still on the way, but we'll need to wait for a consolidation pattern to form before getting in. This is the best type of trade...
Large H&S since May 2022 formed with the coal mining company. It broke down in January and since then has been sliding on a gradual downtrend. Other indicators confirmed downside to come including: 200 >21> 7 - Bearish (Red) RSI <50 Red The target still remains to be R88.70 and it looks like coal is still in very murky water.
The JSE ALSI 40 is retesting the support from the breakout from the broadening formation... We need this level to hold to continue the upside. America got downgraded from AAA to AA+. This might cause turblence with the upside to come. We'll have to let the panic settle and for the bulls to continue fighting for the upside support. I'll let you know.
W Formation has formed on the property company over the last 3 months. Today we are seeing a strong breakout to the upside. Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up. Other indicators show upside to come: 7>21 Bullish Price<200 - Bearish but, price action is showing upside to come. RSI>50 Target...
My first target reached at R39.10. A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs. This is the best case scenario for a long buying trade. The thing is, what's next? We could get a bit of a retracement here in a consolidation manner. This is where...
Inverse Head and Shoulders potentially is formeing on Truworths. Through my experience, this formation might be short as the price action is very strong to the upside. It might skip the entire Right SHoulder and just head right to the target from the getgo. 7>21 Price<200 But price is so close to the level, it can smell it. If it breaks up, it'll be great for...
Trellidor Symmetrical Triangle showing conflict Symmetrical Triangle formed on Trellidor. This is a consolidation pattern where the price converges and then usually breaks out into the prior trend. Hence it's a Continuation Pattern. Now we have seen higher lows. and the price is showing signs of upside. But then we have momentum indicators saying otherwise....
M Formation is forming on Santova. This is a consolidation pattern that took place after strong upside. Now the price could turn up and form a Box formation, where it can break to the upside. But as we say, we can only act on what we see. We absolutely need the price to break below the neck line of the pattern. 21>7 - Bearish Price>200 - Elastic Target...
Box Formation has formed with MTA. Now we need to wait for the breakout. Now this is funny. Normally box formations are Continuation patterns. As the prior trend was down, we would expect the price to break down. However, we are seeing higher lows and the support is being respected. So I am favouring an upside breakout. But in the meantime I'll give you...
C&H formed from Feb 2023 to June 2023. We then had a breakout. The price continued up and then the buying slowed down. Now we are getting a dip where the price will be testing the Brim level of the C&H. Moving Averages are conflicted where 21>7 - Bearish but price is above 200MA - Bullish. This states the uptrend is still intact. RSI<50 which is showing...
Rounding Top has formed on Insimbi after its rally from the W Formation. 21>7 - bearish. Price>200 - Bullish Target 86 cents Warning is that this chart is unattractive for a trader: It signals Illiquidity and low volume with HIGH volatility. No matter what trade you take, I consider it a LPT (Low Probability Trade). ABOUT THE COMPANY Insimbi Industrial...
Cup and Handle formed with Merafe with the previous Breakaway gap that took place. The price has broken above the Brim level and is flirting with the 200MA. Also the price needs to move up to fill the gap. These are all bullish signals including: 7>21 Price<200 RSI>50 Target 1 will be to R1.47 ABOUT THE COMPANY Merafe Resources is a South African mining...