in this asset we are in an acending channel do not buy high prices rather wait for pullback and use daily chart for accurate entry
After a huge sell off the asset found itself testing 2005 highs and now decision time has come , the market is in consolidation...a break and close above support would be good news but break below will send us to ipo 2004 lows
- Price has returned to a major trendline and formed a bullish reversal candle on the monthly chart. - Will be watching the share to see if it retests the lows or perhaps closes above R45 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:AIP
Possible flag break target would be 42280-40600. Stick to stop losses.
- Price has broken below a long term support level - Expect alot more downside in the future months -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:LEW
- Monthly chart shows Redefine at levels last seen 17 years ago - I will be keeping on the watchlist and targeting any sort of bottom in the future weeks to come...
Bull flag developing, which if triggered has a measured target of R35.
- Retailers have had a decent relief rally of late - Price is up against the down trendline - Possible scenario is it sells off from here or consolidates first then weakens - A close above R70 negates the view (rather use a wider stop loss + smaller position with this current volatility) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...
Discovery Holdings Strong rebound off the 5500c lows last week. Price needs to maintain 7250c as support for short term buyers to remain interested. As per the monthly chart, the lower highs, followed by the ‘waterfall’ formation sees a share that appears technically damaged over the medium term. RSI prints 27, which is in the bear zone. - Please...
JSE General Retail Index J537 The long term double top continues to play out with the index hitting multi-year lows. The 3932 level is now the new resistance.
JSE Industrial 25 Index During March we have seen the multi-year head and shoulder top formation lose it’s neckline support, which is currently being followed by a re-test of the breakdown level at 59511. Using a measured move, the target comes in at 40564, which is 31% lower than the current level. It should be noted that the index has traded in a sideways...
TCP may be hit by the lock down due to non payments on their big bet on the taxi industry some owners may default or ask for extended time and may hurt sales and revenue in months to come
TFG may see more down side as the lock down may hit sales and revenue for retailers in the coming months ahead
First Rand Limited with the downgrade form moodys banks are gonna take a hit as south africa gets taken out of the FTSE World bond index