JSE:SOL has tested this MA several times and failed to remain above it. The stock is back above this level, but there's a bit of an overhead resistance. Taking TVC:UKOIL into consideration, a long position is worth a punt.
JSE:COH is forming what looks like a cup-and-handle, and the price is at the pivot point. Other than that, key MAs are rising and to me that a positive sign to initiate a long position.
Enjoyed the NASDAQ:AMZN ride from $107 to the current level. Now looking forward to the next move, an ideal move is a close above $144. We always root for the upside.
NASDAQ:AAPL levels of interest; a bounce at the current level, or a bounce near $172. This week's trade levels might guide the next move, stock on the watchlist.
The previous bullish idea has been invalidated. JSE:ANG failed to find support at the support level, and to bounce at a key MA. JSE:ANG has broke below the 200 dMA, not looking for long opportunities as long as it remains below this level.
JSE:SBK closing high for the week, with a bigger green candle than last week. The stock is trading near a 52-week high, we would like to see an upward move.
JSE:ANG could be onto something. The stock cracked weeks ago witht the rest of the gold stocks. We noted a potential support level, and now the stock is trading above a key MA. It looks bullish to me.
JSE:TFG is at an area of value, near a key MA and near a resistance level. Based on the MA, JSE:TFG can move past the resistance level, however, the stock is trading ex-dividend on the 19th. There we might see a R1.50 price drop.
The stock is interesting nonetheless.
Following a promising rally in TVC:GOLD futures, gold miners benefited from the rally. However, JSE:ANG has given back all the rally gains. JSE:ANG is now trading below what was a potential support level, and it's trading below the 200 dMA. From this view, the stock is bearish, but fakeouts do happen.
AMEX:XLK is up nearly 40% year-to-date, with a decent recovery in the tech sector. NASDAQ:AAPL hit $3 trillion yesterday and other ETFs such as the JSE:SYG4IR are benefiting from the tech strength.
AMEX:XLK is now near the previous all-time high, if there's enough strength from the holding companies, this level should be cleared easily.
Keep moving.
JSE:SOL seems to have found support near R226 and has fought its way to low R260s. A close above R265 will be interesting.
Let's not discuss oil prices and other stuff that's going around globally.
JSE:ANH back below the previous resistance level. The previous long trade idea is now invalidated; our stop was hit few weeks ago at break-even.
Might be a good setup for a short position targeting R800 (a worse case scenario for the stock).
JSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions.
How low can it go? Note that JSE:CLS and JSE:MRP are also weak.
It obviously depends on how far you zoom out and how you draw the trendlines. However, the chart doesn't paint a good picture for JSE:SSW
Buyers are needed to step up and save the stock. No position.
JSE:IMP is at a multi-year area of value. This is supposed to be a support level, I wonder how long can it hold. If it fails the stock will have a rough ride.
No position.
NASDAQ:TSLA could be onto something. An upward move confirmation will be a close above $211-ish.
I saw a tweet saying that Model Y was their best-selling car in Q1 '23 but this is irrelevant to the technical setup.
