Barloworld Trend Cloud Study is showing a Potential Reversal after some 6 + Months of Down Trend. This should offer an Entry Opportunity, while early, is looking Strong. The Chart 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 Rocket...
JSE Technical Summary (Neutral): EOD Friday, 12 April 2024 This new layout/format has the additional feature of displaying the share's change from open (i.e. the change of share from the start of the session i.e. 9am to the close i.e. 5pm. This is a useful feature as it helps a trader ascertain the strength of buyers/sellers within the said regime.
JSE Sector Ratings Compare a sector relative to the Top 40 index over multiple time frames.
Shoprite, Africa's largest grocery retailer and consumer goods company, has navigated intense competitive pressures in the market, which has historically prevented supermarkets from significantly marking up prices due to price competition. The company's share price experienced a significant dip, falling from a high of R275 in March 2018 to around R100 in July...
Purple Group (PPE) is a distinctive entity in the financial sector, specifically tailored for private investors and known for providing some of the lowest trading costs on the Johannesburg Stock Exchange (JSE). The company is segmented into three divisions: Easy Equities, Emperor Asset Management, and GT247. **1. Easy Equities:** This platform is particularly...
MultiChoice Group (MCG) is a major player in the African entertainment landscape and ranks among the world’s fastest-growing pay-TV providers, boasting 21.1 million subscribers across 50 countries. The subscriber demographics split with 42% (8.9 million) located in South Africa and the remaining 58% (12.2 million) spread across the rest of Africa. Since its...
AH Vest (AHL) produces a range of sauces under the All-Joy brand and seeks to diversify into ready meals, soups and canned vegetables. It is the second largest producer of tomato sauce in South Africa. In its financials for the year to 30th June 2023 the company reported revenue up 2,5% and headline earnings per share (HEPS) down 33,2%. The company said, "The...
In week 24 we have closed our long position (see linked idea), Aspen is hitting channel resistance & 100% extension of the fib. Once price sets a swing high, we can be certain that trend reversal has started therefore a short position can be opened.
Aspen is consolidating in a symmetrical triangle, it has good support in the triangle and the median line of Pitchfork. On the weekly perspective we are in time for a half cycle correction hence I expect the price to resolve upwards. The stop-loss is R185.41
See link below for previous analysis. City Lodge has not taken off as I anticipated. The stock has continued to consolidate sideways without a clear pattern though we have two areas of support and a resistance zone. I have no view at this stage and I will sit on my hands on this one.
See link below for previous analysis Barlo stock has caught a strong bid at 5883 and the rally looks strong. This give me confidence that wave C is probably complete at 5883. Not one to chase momentum, though the stock can continue higher with little pullbacks, i would like to see consolidation or a three wave pullback that holds above 5883 to join the...
Sibanye is a prominent mining house that has been aggressively expanding its portfolio, acquiring platinum and gold mines in South Africa and the United States, and is now diversifying into base metals and minerals, particularly those essential for green technologies. The company, under the leadership of Neal Froneman, known for his robust expertise and experience...
NuWorld, a company established on the JSE since 1987, operates as an importer and exporter of consumer goods, focusing primarily on consumer electronics, appliances, and durables. The company's product lineup includes well-known brands like Telefunken and JVC, alongside a variety of items such as vacuum cleaners, fans, large and small appliances, cell phones,...
Transaction Capital (TCP) is a diversified company that operates three divisions: minibus taxis, risk services, and holds a 75% stake in WeBuyCars (WBC). Its subsidiary, SA Taxi, dominates the value chain of the minibus taxi industry in South Africa, handling financing, repairs, insurance, and sales. Since its listing in June 2012, TCP experienced a significant...
WeBuyCars was separately listed on the JSE on 11th April 2024. It was unbundled from Transaction Capital (TCP) in order to raise capital and to protect it from that company's difficulties in its taxi division. The company has 417,2m shares in issue which began trading on the JSE at around R20 per share giving it a market capitalisation of just over R8,5bn. The...
Sasol has shown a decent recovery from the last selloff. Also winning the recent Emissions court case seems to have Boosted the Stock Price. The Chart is 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 Rocket Boost Button. It's Just a Click...
Impala Platinum's last 1 Month recovery has been stellar to say the Least. Just goes to show that CONVICTION does Work for those that are Patient. I've plotted the Fibonacci Levels to see where we could encounter possible Resistance. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart...
We recently saw it break out of the medium downtrend since January 20024. The price broke above the W Formation's neckline and above the 20 and 200MA. This states the medium term nature is HIGH probability for upside. The concern is the price gapped up and now needs to fill. SO I am patiently waiting for the Gap to close and then rebuy on the bounce of the...