Sibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and...
GLD showing signs of Bull trend not only is the weekly in reverse H&S but in breakout mode as well volatility is up and Bitcoin is Bearish , retreating thus breaking the link with Gold as a hedge
Remgro Ltd Sideways to Bearish: Remgro's Price Action Anticipates a Dip The price has demonstrated a sideways trend since 2021; however, given the current price action, it may potentially decline to the R120 region. 1.Price Formation: The price has broken out from an inverted cup&Handle (M formation) price formation on a daily chart. 2.Moving Averages: The 7-day...
See link below for previous analysis. Capitec's trend has become clearer over the last couple of weeks. A bottom looks to be in at 132856, a 44% decline from the all time high. The 13 month bear market unfolded as a double-zigzag (WXY). Price action looks impulsive from 132856 and if the wave count is correct, the stock is in the early stages of wave 3 so "buy...
See link below for previous update. I last covered ANH last month and I was calling for one more leg down to complete wave ((c)) of 2. Wave 2 looks complete now with the stock rallying from 99502 and breaking above the wave((b)) high. I am back to being bullish with "buy the dips" above 99502 which now the invalidation level.
See link below for previous analysis. Sappi has found the going tough since peaking at 6348, shedding over 40% of its value. This bear trend looks to be forming a falling wedge pattern. Price is still contained within this pattern so I will sit on my hands until we get a clear breakout, hopefully on higher than average volume.
ANH has been consolidating in a 4 month sideways box which failed to break down and is now breaking the upper end of its range. breakout trend pending here if it closes green today. Reward to risk : 1.5 :1
Remgro is trading in the apex of its falling wedge pattern that has brought prices back to value into the support level of R138, longs are favoured with a 2:1 reward to risk ratio
Sasol is trading at the bottom end of its 8 month sideways channel offering a good risk to reward entry on the long side entry : R229 stop : R206 target R265
MRP broke out of a symmetrical triangle and is now retesting the upper trend breakout zone around the R140.00 price level. entry : R140 stop : R136 target : R146
Thursday 09-November-2023, 07h22 Strategy Screen: Dis-Chem Pharmacies (DCP). *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. Attached is a 2-day chart of DCP
Mix Telematics (MIX) is a company which specialises in vehicle tracking technology and has operations in South Africa, Australia, the UK, the US, Brazil, Thailand, and Romania. It is a service company which means it has very low working capital and receives a high proportion of its income as annuity or debit-order income. This means it is the best kind of company...
Previously known a Net1 UEP Technologies, Lesaka is listed on the Nasdaq and the JSE (LSK). It is a provider of fintech products in a number of countries. Its universal electronic payment system (“UEPS”) uses biometrically secure smart cards that operate in real-time but offline, which allows users to enter into transactions at any time. In the first quarter to...
Investec (INL) does specialist banking and asset management in South Africa, Australia, Europe, the UK, and a few other countries. Brexit in the UK has put pressure on Investec shares over the past 4 years. The decision to separately list its asset management division in the form of Ninety-One has unlocked shareholder value, which is becoming more apparent now...
Argent (ART) is a manufacturer and beneficiator of steel and aluminium products supplying a wide range of businesses in South Africa. It also has operations in the US and the UK. Many of Argent's products are well-known in South Africa such as Xpanda and Jetmaster. It also supplies bulk steel products and beneficiates to suit specific needs. For example, it sells...
Omnia (OMN) is a diversified chemicals company supplying products to the agricultural, chemicals and mining industries in South Africa and 48 other countries. The Agricultural division is the leader in fertilizers in Southern Africa. It supplies granular, liquid and speciality fertilizers in Southern Africa, Eastern Africa, Australia, New Zealand, and Brazil. The...
Sasol has been trading in a sideways pattern ranging between 226 - 270. Currently approaching the bottom end of the range and hence a buy zone. SL on a close below 220 and upside target of 270 as swing trade idea.
As per our previous post, price held the major R60 level and rallied to just below the R67 hurdle. We have had a 2-bar pullback now into a possible support zone, an area where i will be looking for longs. Bulls needs to keep it above R62 on the daily and worst-case scenario, the R60 level needs to be defended. Price action on the smaller time frames will give...