Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
Copper 360 is a company primarily focused on two aspects: processing historical mined copper rock dumps and mining surface and shallow copper resources. This dual focus not only targets copper production but also aims at environmental cleanup, which is increasingly significant in today’s mining industry. The company has leveraged an extensive database acquired...
See link below for previous analysis. Little has changed with Hulamin since the last analysis, 6 months ago. If anything, price is consolidating further in a Contracting Triangle; a contracting triangle is a neutral pattern and as price consolidates towards the apex, the breakout tends to be more violent. I remain neutral until we get a clear breakout.
See link below for previous analysis. Oceana traded bullishly as previously forecasted. The stock has found resistance at the Double Bottom Neckline zone between 7450 to 7990 cps. Price has consolidated at this range which indicates that the bulls do not want to give the initiative. A clear break beyond 8000cps, preferably on high volume, will validate the...
Zeda is Printing a Possible Inverse Head and Shoulders Pattern which is Bullish. By Switching to a Simple Line Chart removes the Candle Clutter to reveal the pattern. The Chart Study should be self explanatory. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That...
Glencore - a Diversified Miner has recently broken to the downside of the Trading Range. This is expected due to the weakness in the overall Commodity Market Cycle. Using the Fibonacci Levels from High to Low, I see a possible retracement to the 50% Level. As always, please get a few outside Expert's Advice before taking Trade or Investment decisions. If you...
Copper 360's sudden Trend change is very interesting, after comments by the CEO of possible Price manipulation. I have plotted the FIB's to see where the price action might show targets or resistance. As will most of these risky Trades or Investments, getting in early is the secret to giving you a decent Buffer and Headroom for future management. Congratulations...
Its early days but CPR Copper 360 might do a 180 ? Here's an except from JSX SENS :- DRILLING RESULTS CONFIRM HIGH GRADE COPPER INTERSECTIONS AT RIETBERG COPPER MINE AND INITIAL SAMPLING LEADS TO DISCOVERY OF NEW HIGH GRADE COPPER DEPOSIT ON SURFACE. All the world will need more copper for the Green Revolution with EV's and Solar, and South Africa especially...
Anglo American (AGL) is well-regarded for its strategic approach to mitigating the typical risks associated with commodity stocks. The company achieves this through two primary means: a diversified portfolio and a robust balance sheet. **Diversity of Minerals:** Anglo American's portfolio includes a variety of minerals, which spreads the risk and lessens the...
BHP is a global commodities company based in Melbourne, Australia, with a workforce of 62,000 employees predominantly in the Americas and Australia. It is engaged in the extraction and processing of minerals, oil, and gas. BHP's extensive operations include ownership stakes in some of the world's leading mineral resources. BHP owns a significant 57.5% of the...
Coronation Fund Managers (CML) is a prominent asset management firm in South Africa, notable for being the only one of its kind listed on the Johannesburg Stock Exchange (JSE). Established in 1993, the company experienced significant growth until 2015, at which point the founding CEO resigned and Adrian Pillay took the helm. Despite Pillay's qualifications, his...
Kumba Iron Ore (KIO), a subsidiary mainly controlled by Anglo American with a 79% stake, is one of the top iron mining operations, renowned for its substantial success in the industry. The company’s share price experienced significant volatility, dropping to R223 in March 2020 due to the COVID-19 pandemic, but it managed a strong recovery to R668 before facing...
MultiChoice Group (MCG) is a prominent player in the African entertainment industry and stands out as one of the world's fastest-growing pay-TV broadcast providers. With a subscriber base of 21.1 million across 50 countries, the company's operations are split between South Africa, where it holds 42% of its subscribers, and the rest of Africa, accounting for the...
Clicks Group describes itself as a retail-led healthcare group, comprising its flagship brand Clicks, as well as GNC and The Body Shop. It operates 782 stores, 585 of which include pharmacies, making it the largest pharmacy chain in Southern Africa. Despite the increasing trend of retail outlets incorporating pharmacies, Clicks' main competitor remains the listed...
See link below for previous analysis. Price has breached the 5824 neckline. Now, there are two ways to interpret this pattern: 1- the tradition way; in this case this is a Double Top and the price target is 3600cps. 2- the Elliot Wave way; this is a flat and price can resume the uptrend. The only certainty is uncertainty; this is the why it is key to think in...
See link below for previous analysis. Sasol did not take long to confirm that the down move was not complete. The bounce from 13226 to 17380 is for wave (iv); the current sell-off is for wave (v) of . The earliest indication that wave (v) is done will be a break above 17380. It's a bit late to be bearish and at this mature stage of the trend, I am more...
Oando PLC (OAO) is an oil and gas company with significant operations in Nigeria and listings on both the Johannesburg Stock Exchange (JSE) and the Nigerian Stock Exchange. The company's shares present a high-risk investment profile for several reasons that are intrinsic to its operational context and the nature of its industry. **1. Commodity Price Volatility:**...