Huge cup and handle formation in progress. 1445 Neckline break could see longer term upside of 1880 and 2070. Please note that markets are still volatile and could still be characterised by huge swing in both directions. Stick to stop losses for short term trades. Longer term 5-10 years, this one is a keeper at these levels.
Discovery broke a multi month channel and recently tested the breakout level and held. This one could potentially go down to test the recent lows again - 5400. A break back into the channel will trigger a stop loss.
If we had to be long something in the equity space, SHP would be that something.
Sasol have experienced a great blow to their share price due to South Africa's lockdown but mostly because of the great decline in Oil Prices. Price have broken a short term trendline. This indicates possible forward upwards movement to follow. The recovery of SOL share price will not happen overnight and therefore it will be a buy and hold position. Target 1 is...
Second fake break above that resistance level? Back to the support?
Potential bearish break from that previous support/resistance zone could trigger a short.
a short term recovery is possible on this company as it bounces off a key level
Pick n Pay may see some upward movement in the coming weeks ahead
We may derive the following from the AGL Weekly chart: 1. Given the current bearish trend in AGL, it is probable that it will continue. 2. Price appears to have hit the previous support (now resistance) and turned to the downside. 3. Check the lower time frames for possible entries. 4. As always - maintain your risk. Note: The views provided herein do not...
Mix seems to be correlated to other currencies outside South Africa. Thank Goodness for that.
Just like the other gold stocks Gold Fields is sowing a lot of strength and is looking to break out of the trading range after a key reversal bar today.
A key reversal bar today has signalled the formation of a last point of support. Looking for the markup out of the trading range. Gold is the place to be.
Anglogold has had a spring and test of the spring. After a good markup in phase D we have seen a pullback on reducing volume to a last point of support (LPS). Time to look for the markup out of the trading range.
DTOP broke down from a 5-year sideways consolidation - Long term trend = bear market - Target 6700 (-22%) - Short term trend - Likely best case 9650 (+12%) - Downside 6700 (-22%)
SOL oversold technically has reached value point time to start nibbling for the investor signs of weakening bear pressure