Exemplar (EXP) is a real estate investment trust (REIT) which specialises in developing rural shopping centres through its relationship with McCormick Property Development. It listed on the JSE on 12th June 2018. It owns 26 shopping malls in rural and urban areas close to concentrations of the population such as Alexander township and at the Chris Hani Crossing....
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...
AECI (AFE) is a leading producer of chemicals and explosives in South Africa. It supplies products for the mining industry, water treatment, animal health, food and beverages, and the industrial sector. It has businesses in Australia, North America, Europe, Asia, and Africa. It employs 7600 people in 22 countries. It also has a property division called "Acacia"....
After forming a 5-month base which broke out through the 200dma yesterday on the back of an upgrade, the stock looks set to for a decent leg up. Note: Volume has been increasing into the date of release Next hurdle up is R28.00, target price R30.50 (likely not in a straight line). Bulls next to keep price above the rising 20ema now.
Sell at current levels or higher. Can it trade slightly higher? Yes. Can it build a short term consolidation top for a few more sessions? Yes. The following factors, however, may favor traders looking to enter a short/sell trade (1) The share has appreciated by 19.8% off it's recent lows (19 October). (2) At current levels, using multiple metrics, the share is in...
Octodec has had a challenging year with the price constantly on the downtrend. That was until 27 June 2023... We can see a huge wick where there was most likely buying from Smart Money and financial institutions... Since then the support has been tested numerous times and it's since then formed a W Formation (Double Bottom)... We do need the price to break...
The stock has broken out of a down sloping wedge pattern and is likely to get support in the current buoyant market. MACD crossover with a diverging RSI. First hurdle to overcome with be the 200dma . Stoploss below R141
A price action above 3100 supports a bullish trend direction. Increase long exposure for a break above 3300. The target price is set at 3400. The stop-loss price is set at 3100. The 200-day is acting as major support. Some range trading seems applicable.
A price action above 40400 supports a bullish trend direction. Increase long exposure for a break above 41600. The target price is set at 43100, which is close to its 38.2% Fibonacci retracement level. The stop-loss is set at 39100. Currently testing its 78.6% Fibonacci retracement, which might act as major support. This level also confluences with its 200-day...
Prosus has been following the recent market trends. My study shows R496 as critical level for support, otherwise, some more pain. As with all Investing / Trading, get Expert advice. I am not one. Smash the Rocket Boost Button if you appreciate my study. Regards Graham
Clientele Life (CLI) is a small insurance company selling short- and long-term policies and underwriting insurance products. Their products are sold through agents and brokers as well as by tele-sales. In its results for the year to 30th June 2023 the company reported headline earnings per share up 15% and a return on average shareholders’ interest of 43%. The...
Dis-Chem Pharmacies (DCP) listed in November 2016 and competes directly with Clicks (CLS) in the pharmaceutical, medicine and beauty products markets. It is a family business run by the Saltzman family who had a controlling stake in the business through a private company, Ivlyn. On 24th August 2021 Ivlyn announced the sale of 7,5% of its shares in a bookbuild,...
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...
JSESOL has been testing the neckline of its broken Head and Shoulders with a bearish flag as also analysed and published by @Source_Sailor on 18th August 2023. Last week closed strongly bearish as a signal that the avalanche is gaining momentum. Targets to look for to the downside are R186 and then more or less a waterfall to R71 past R122. Short term pullback...
JSE Technical Summary - S/Term Ratings as at the close of Friday 03 November 2023 For more research insights including trade ideas, get in touch today.
Educational Post Generating Cash Flow Through Active Trading Strategies: Truworths (TRU) As An Example Followers of my research have benefitted from my focus on price and in particular, the short term time frame that looks to capitalize off volatility of share prices. Going forward, I'm looking for TRU to unwind from an overbought range however, here are two...
Sibanye-Stillwater price has been guided by the green resistance and support, now reaching a convergence of these lines, the support line intersects with pink upsloping support of broadening wedge. Previously this support has propelled price to upper resistance, this would mean Sibanye setting new highs. There is a risk of price falling out of the tight...
Aspen is now in week 24 of a weekly cycle, this is a favourite spot to reach a top, we ended the week with a swing high confirmation. The next task is moving down and closing below the upslopping trendline. The red arrow shows the likely path the share is going to follow on the way down. The 200 week moving average will be a good place to look for a weekly low and...