Impala Platinum Holdings (IMP), or Implats, is the world's third largest platinum group metals (PGM) producer. It has been suffering over the past 7 years from aggressive union action and legislative uncertainty. The CEO says that they are focused "...on developing a portfolio of long-life, low-cost, shallow, modern, mechanised mining assets". This is similar to...
This is a newly formed real estate investment trust (REIT) which says that its strategy is to, "...invest in yield-enhancing assets and areas that offer consistent, long-term rental growth...". The company said, "The investment properties comprise of three properties held by way of leasehold for 40 years, which has been independently valued ahead of the intended...
Glencore (GLN) describes itself as, "...one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities". The group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. With a strong footprint in both established and emerging...
The enX Group (ENX) is a "...diversified industrial group that provides branded products and services to the petrochemical, fleet management, logistics and industrial sectors". It includes Austro which distributes wood-working equipment and tooling. Finally, it includes New Way Power which manufactures, installs, and maintains diesel generators. Its fleet division...
Astoria (ARA) is an investment company which was formed to give investors exposure to an international selection of equities in developed economies. The share trades well below its NAV and has only recently begun trading after being suspended from September 2020 to April 2021. The company benefited from the sale of "non-lethal self-defence" products during the...
Adcorp (ADR) is an employment company with subsidiaries operating in South Africa and Australia. Managerially, efforts have been made in (1) defining and focusing on the core business (2) reducing costs (3) strengthening the brand and (4) transforming the culture. In its results for the six months to 31st August 2023 the company reported revenue up 10,2% and...
It's been a trying time for Naspers Media company. Since January 2023, up until October 2023. The price has moved in a sideways range and has failed to break either way. That was un 18 October 2023, where the price pierced through a solid neckline of an M Formation, Since then, it's entered into bear market territory along with the JSE ALSI 40. The signs...
Hyprop Analysis: Charting the Course to a Price Target of 26. Hyprop Investment Ltd 1. Price Formation: The price has previously broken out from a Reverse inverted Cup &Handle price formation on a daily chart and hit a target. Bearish sentiment. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. 3. 200-day Moving Average is above the...
See link below for previous analysis. Merafe is still trading within the 146-104cps range and the sideways consolidation can evolve into a triangle pattern. I am changing my stance from bullish to neutral until price gives clarity with a break above 146 or below 104.
Woolworths stock had a good run from March 2020 to Feb 2023, peaking at 8047cps. What followed was a strong correction to 5824 and a rally just above the previous peak to make a slight new high at 8113. This "twin peak" could potentially be a double top formation with a neckline at 5824 or a flat correction. With the stock trading in the middle of support (5824)...
MTN hovering around 90 which is another important level of support. Facing a couple of challenges, like MTN Nigeria and the Israeli war, the price has some work to do. Possibly oversold in the short term, we could see a relief rally from this 90's area, or the price could stabilise and consolidate. Potential upside target is 109 and should the stock weaken...
After going ex-div and dropping to a low of R 9.14 a relief rally is possible here to test the down trending 20/50ema This is a counter-trend trade (reversion to the mean) MACD crossover RSi divergence Falling wedge breakout Stop-loss below swing low R9.14
We sent out a trade analysis on Bell Equipment. It formed a W Formation and I said the journey can be a long one as the main market remained sideways throughout the year. Then in September after consolidation, we saw another breakout pattern showing more upside to come. And since 11 October, the momentym has just been on the up. My first target remains at...
We stated that since the price broke below the 200MA, that we entered and have remained in a bear market. And during bear trends, the market tends to zig zag along the way with strong downside pushes... Right now, the price is heading up to retest the most recent resistance. This is normally, where traders and retail traders will buy in and believe the market...
A price action above 29600 supports a bullish trend direction. Increase long exposure for a break above 31300. The target price is set at 32500. The stop-loss price is set at 29400 (its 38.2% retracement). Broke above its 200-day simple moving average, as well as testing its 200-week simple moving average. Rebounded from the lower range of the inclining channel...
Kumba Iron Ore TA, Looking for EMA's Crossing Clue. Cup & Handle seen. A little Bullish action also. However - with these unpredictable Commodity Markets, it's unwise to make any call as to future price action. I managed to get a small position at R400. We all wait for a possible turn-around. Use Stop Loss Orders. Regards Graham.
A price action above 2040 supports a bullish trend direction. Increase long exposure for a break above 2120. The target price is set at 2200. The stop-loss price is set at 1990, which is also the 23.6% Fibonacci retracement level. Remains above its 200-day simple moving average.
A price action above 16800 supports a bullish trend direction. Further bullish confirmation for a break above 17600. The target price is set at 18200, its 38.2%) Fibonacci retracement level. The stop-loss is set at 16600. Testing also its 200-day simple moving average. The declining channel pattern's upper range is also being tested. Remains a risky trade.