Which way? Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction... However, the trend has been sideways before this. It's been in the Twilight Zone for over a year. And it gets worse. When the price oscillates up and down in between the 200MA - You know...
To think Adcorp Holdings went from R43 in 2007 down to R3.61 in 2023.... It's just been one long hard road down from there. In case you don't know, Adcorp Holdings is a South African-based workforce management and business process outsourcing company. And due to the bad managenent, poor financials, slow growth and major financial troubles after the Financial...
In May 2023, I wrote to you saying I epxect Barloworld to drop. ANd if you had the patience and just invested in this short, would be paying nicely by now. Not only because the price is down but also with the time held you could have made some interest income from the short. Anyway, there is nothing more confirming than when you have a Bearish formation like...
To think that in January 2023, IMplats was trading at R235.52. Today, in November we're looking at R73.12. And yet, it's been an imperceptible downward journey, that even I am too embarassed to realise today. Hindsight is a Biscuit! Well anyway, the new downward channel is showing more downside to come with volatile (jumpy) highs and lows which can easily...
PPC is a leading manufacturer and supplier of cement, aggregates, ready-mix, lime, limestone, and fly-ash in Africa. It has eleven cement factories in South Africa, Botswana, the DRC, Zimbabwe, Rwanda, and Ethiopia with a total production capacity of 11,5 million tons. It produces aggregates at its Mooiplaas quarry in Gauteng which is the largest aggregates...
Primeserv (PMV) describes itself as a "...provider of integrated business support services focused on providing client-centric human capital services, spanning staffing and recruitment services, productivity and functional outsourcing services and training and consulting services". In its results for the year to 31st March 2023 the company reported revenue up 4%...
Sappi (SAP) manufactures paper, dissolving wood pulp (DWP) and paper pulp internationally and supplies products in 150 countries. DWP is used to manufacture clothing, packaging products and many other applications. DWP, specialty and packaging products were seen as the profit generator in the future, but until recently, the price of DWP had fallen sharply. Then in...
Sephaku (SEP) is a construction materials business in South Africa which supplies ready-mixed cement products and cement to the construction industry. The group consists of 100% of Metier Mixed Concrete and 36% of associate company Sepcem where the remaining 64% is held by Dangote. Obviously, Sephaku is directly impacted by the difficulties in the construction...
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