Telecom giant AT&T ( NYSE:T ) finds itself embroiled in an investigation following a distressing data breach that has left millions of customers vulnerable to exploitation on the dark web. The incident, which occurred approximately two weeks ago, has thrust AT&T ( NYSE:T ) into the throes of cybersecurity scrutiny as it grapples with the fallout of compromised...
Unveiling WOW Stock: Potential Double Bottom Signals Opportunity Amidst Knife Catch WOW stock, an intriguing asset in the investment landscape, is garnering attention for its potential double bottom formation, offering investors a sharp knife catch opportunity. With the next test for breakout set at $5, a successful breach of this level could trigger a massive...
Diamond Formation formed on MTN. This is a broadening pattern that could have broke either way. The fact that it broke down and almost retested the 200MA showed the momentum was down and bearish. Now it's on a one way trip down. First to R90.00 at next support If it breaks below we could very well see our main target at R60.65 FUNDAMENTALS MTN Group, a...
Diamond Formation formed over ther last two years with MTN. Now initially, you wait for a breakout before you trade a broadening pattern like the diamond. And then, we saw it break below - showing the momentum and supply was higher to the downside. I sent this analysis out and called it a short investment. What that means is that this type of trade is a LONG...
Um... Ok I did not expect that. Look Vodacom has been going through a very tough down channel since April 2022. The high was around R160.00. The downtrend then subsided but started moving in a very eloquent channel with highs and lows. Well we expected the channel to hit the high and drop down to R92.00. But not in one candle suddenly. I don't even know if...
On the 4 hr chart: Breakout on 3rd November and retest on the 9th November, backed up by some above average buys on 7th and 8th November too. In the next few days, will it pull higher? Wait and see.
AT&T has formed a Dark Cloud Cover after being rejected from the upperbound of the Resistance Zone and is now trading below the 200SMA and 800EMA with Hidden Bearish Divergence forming on the MACD. If it plays out, I think we could see AT&T make its way down towards $13.20
This ongoing bear channel has been going since March 2022... It's not been the haven for breakout traders. But an absolute beauty for trend traders and range bounded traders... As long as the price continues in the range we could see the price head to R90 till March 2024... Also the main indicator is the 200MA. If the price remains below it's bearish -Simple. ...
The Broadening Diamond formation has finally broken below. The price came down but on weak selling volume. Now it seems to head up to test the 200MA before deciding which main direction it wants to go. THe overall prior trend was down and the breakdown was also confirming for the bears. WIll have to wait for a conservative approach for the price to test the...
We posted this Diamond Formation earlier in the year. The price broke below the formation, and since then it's been on a way way trip. Price<200 which signals a confirmed bear market. Target remains down to R60.65.
Diamond Formation has formed since September 2022. This is a weekly chart because MTN is by far the most difficult market to analyse. It is famous for moving sideways for extended periods of time. Then it eventually breaks out and moves in a trend for a short but powerful period. This is only a market for trend traders who wait for the big move. Or for range...
Last time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target: The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the...
Downward Channel has formed on Telkom. The price continues to make lower highs and lower lows. We can only go with the trend as long as it continues. So my bias is bearish as there are other momentum indicators confirming downside to come. 200>21>7 RSI<50 Target R15.00 ABOUT THE COMPANY Telkom SA SOC Ltd. is a leading telecommunications company in South...
Slowly but surely, T-Mobile US is answering the call of our dark green target zone between $161.69 and $168.80, heading further upwards. To finally pick up the receiver and complete wave B in dark green, the share should develop a three part upwards movement consisting of waves a, b and c in magenta, which should carry it above the resistance at $154.38. However,...
Rev C&H has formed on MTN. The price has broken above the brim level and also it's broken above the downtrend since 11 March 2022. So this looks good for upside. However there is a warning. 7>21 RSI>50 Target R165.39 WARNING: I never ever get MTN right in all my 20 years of trading the JSE, so take this with a pinch of salt. MTN is on my S&^t list and yet, I...
Head and Shoulders formed on MTN a month ago. We did this prediction analysis showing the market entering into a bear market. Also, the price broke below the neckline showing downside to come. Price<200 21>7 - Bearish Target is still on board to R90.29 SIDE NOTE and TIP: Banks, Insurance and Telecomms are normally the ones to crash first before the rest of...
I mean... I guess it's ok for range bounded trading. Buy at the bottom of the range and sell at the top (short) then swing the other way. But I guess more importantly, the bigger the range the bigger the Order Block is for when the price breaks out. There are two Order Blocks that Smart Money will sweep. Buy Side LIquidity - Where it could sweep it all the...
The technical figure Channel Up can be found in the daily chart in the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A. is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers and has the most extensive...