Implats giving it's 202% share appreciation since May 2019 all back. 68% drop in a short period of time.
Just a nice hourly short setup.
Technically, SA Retailers continued to trend lower over the long term, with the month-to-date return now at -22%. We also now trade 51% lower than monthly chart double top flagged in January of 2019 and 60% lower than the peak of March 2018 where an overly-optimistic view of the SA economic landscape clouded high valuations, declining earnings and a worsening...
- Scary picture has developed on the monthly, massive double top targeting the R20 zone - Note there is still time left in this monthly candle / monthly 200ma is around R105 currently -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Naspers closed chapter for now. Now il wait for the bullish recovery trade. . . that's for April:) TP1-3.25R TP2-4.08R Those good RRs are compensating my losing trades i.e WTI,Nat gas et all. . . . w'l see how we close the month.
We have been flowing the distribution and markdown of AVI from the beginning of 2019 (See posts below). Although we are in the markdown phase we have now seen a selling climax with price going oversold and breaking the demand line. We have seen a reversal bar and the stock should now have an automatic rally and enter a trading range.
After finding support at the yearly pivot point I thought we had seen the spring and the markup is to follow. However, we have had a stop loss run where large interests were hunting stop losses to generate more liquidity and accumulate more shares. A break back above the 200 Day SMA and yearly pivot point could be the start of the markup. Clicks is stronger than...
We may derive the following from the Weekly CFR chart: 1. Price finally reached target after 9 months (see linked idea). 2. At present, having reached a major monthly support (purple line) it would appear that some profit taking is happening. 3. Price is now testing the latest resistance. Wait for a reversal for further downside. 4. As always - maintain your...
Just like the other gold stocks Gold Fields has lost a lot of value in the last couple of days. But just like some of the other gold stocks it has held above the yearly pivot point and 200 Day SMA and formed a spring of the trading range. The volume increases during markups, it is stronger than the Top 40, there is divergence with the Volume RSI and a reversal bar...
DRD Gold has dramatically lost half its value in about a week. However, after testing the bottom of the previous trading range it formed a higher high (HH) and could not stay below the yearly pivot point and 200 Day SMA. A strong reversal bar indicates an impending markup for the stock. Increases have been on volume indicating demand.
After dropping below the trading range, the yearly pivot point and 200 Day SMA, today it has rallied and is showing a reversal bar. This looks like a spring and what is expected now is for the markup in Phase D. Due to the high volume we may have a test of the spring again to use up the last bit of supply but in the weeks to come we are looking for a markup to the...
- Price is breaking down from with an head and shoulders target of around R10.50 - Note the retest of neckline failed -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
- Market has been hammered together with global indices and we are approaching the 200ma on the monthly which will be another level of interest. - We likely to stay volatile with moves up and down but momentum is still likely to push prices down JSE:J203 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
TOP40 - Trendline from 2003 + 50%fib retracement - i think market can put in a bit of a bounce here.. possibly a little to much too fast?
- Price bounced off the 200ma is currently retestesting the neckline of a head & shoulders pattern - Target is R2030 - SL above R2535 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
37500 34600 33000 Sometimes we forget how bad the fin crisis actually was. We reached a low of 18000 in that period.
The long term head and shoulder top formation continues to play out with the neckline being rejected while we have also seen the long term trend line going back to 2003 being rejected which signals a further deteriorating technical outlook. My target here remains 1600c. Below we highlight the original chart published during September 2018 at 2719c, followed by...