Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Wait for breakouts before entering...
Support channel holds with better budgetary news coming out of South Africa for at least until the end of March. Price should rally to top of channel: potential swing trade. RSI swinging to the upside indicating bullish uptrend.
This one made a big rally the past weeks, even getting above that green zone on the left without hesitation. Now it has some resistance from that channel, but because the move up was so strong, it is becoming more likely that it will break sooner or later. Normally we should see it make a healthy correction first the coming week or so. On the right we can see a...
JSE:NED is showing signs of a possible reversal. A few days ago a bearish harami formed at a very strong resistance level which at the same time formed a double top. Planning on entering a short position if it trades a bit lower.
Bad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist. RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways. This is still in a strong downtrend on the...
You can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside. Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy...
USDZAR - 1b - 181211 - LONG - OANDA - AR - 12H - (RRR 6.93)
JSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support. If the price moves above the last high I will enter a long postion.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
JSE:SAP formed a bearish engulfing candle pattern yesterday which could signal a reversal. This seems to be whats happening at the moment. For the lat couple of months it has been making lower lows quit regularly. If the price breaks through the latest lower low from the 16th of Jan, I will consider entering a short position.
The pair has formed an Inverse Head and Shoulders on 1D with the neutral ADX - 34.570, Williams = -52.239, CCI = -21.3641, Highs/Lows = 0.0000 indicating the sideways bias for the next 5 sessions during the creation of the right shoulder. 4H (RSI = 46.340) also calls for sideways trading within the 13.77 - 13.98 neckline, so we are taking a long with TP =...
JSE:NPN has shown a bullish harami which is a strong reversal signal. This pattern formed at a previous resistance level which strengthens the signal. We can expect a downward move as the stochastic is also turning. If all goes well, w can expect it to go all the way down to the support at around 280000 and we will exit the trad if it breaks through the...
JSE:MRP has been trading in an upward price channel for quite some time and it has broken through the mid line recently and is looking good to go upwards. Along with this, the stochastic has recently turned up through the 20 line and the two EMA's have crossed upwards. I will look to enter around the 25000 level with a target around the 26200 level
The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP. ** If you like our free content follow our profile...