Purple Group has disappointed many Shareholders. This is a 3 Year Study. I'm not Brave enough to call this Long yet, and will rather wait for more definitive Price Action above R0.90 However the Stock is way oversold, at the 7th Wave down. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my...
Renergen Prints a Rounding Bottom Pattern which is Bullish. I had parked this one in my Bottom Drawer, almost gave up on any Hope. Last had a look in early January. Seeing the recent price action made have another look, and it's starting to look good. Seems the recent incoming JSE Tide on Commodity Stocks could be lifting many boats. The Chart is self...
Naspers has been rangebound since December 2022. Going nowhere slowly.
THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. 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...
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....
See link below for previous analysis. Truworths has met resistance in the 8441 to 8529cps zone. Though premature to call this a Double Top, how price action reacts around the 6697cps neckline will hold the key for the short-term outlook. I am neutral for now.
See link below for previous analysis. Gold and JSE Gold gold stock have been on a strong run lately. DRD clearly did not get the memo as the stock is trending up but very slowly comapared to its peers and with the tailwinds provided by the gold price. When such a disconnect occurs, one needs to take a deep look into the fundamentals which is beyond the scope of...
A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
A price action above 32600 supports a bullish trend direction. Increase long exposure for a break above 36600. The target price is set at 40800 (its 100% Fibonacci retracement). The stop-loss price is set at 33400 9its 50% retracement and also its 200-week simple moving average. Keep in eye out for the MACD bullish crossover that might support the bullish flag pattern.
THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. 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...
Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...
Jubilee Metals Group (JBL) is a distinguished player in the metals recovery industry, primarily focused on the reprocessing of mine waste and surface materials. The company is listed on the London AIM market and the Johannesburg Stock Exchange's Alt-X. Its geographical footprint spans across South Africa, the UK, Madagascar, Australia, and includes a joint venture...
BHP Group, headquartered in Melbourne, Australia, stands as one of the largest and most diversified global commodities companies. With operations primarily in the Americas and Australia, BHP employs around 62,000 people and engages in the production of essential commodities such as copper, iron ore, coal, oil, and gas. Among its notable assets, BHP holds a 57.5%...
Oceana Group, Southern Africa’s largest fishing business, holds a prominent position in the industry with a significant presence not only locally but also in the United States through its subsidiary, Daybrook Fishing. The company's broad product range includes canned fish, fish meal, fish oil, hake, mackerel, lobster, and squid. Oceana is dual-listed on the...
Orion Minerals (ORN) is an Australian-based exploration company dual-listed on the Johannesburg Stock Exchange (JSE) since September 2017 and the Australian Stock Exchange in Sydney. The company focuses on revitalizing the Prieska copper and zinc mine, which was previously operated by Anglovaal and ceased operations in 1990 after two decades of active mining,...
Insimbi Group is engaged in the manufacturing and supply of specialist products within the industrial sector. Their operations encompass sourcing, buying, packaging, processing, and recycling of ferrous and non-ferrous alloys, refractory and foundry materials, as well as plastic blow-moulding and injection moulding. The group also offers technical support to users...