See link below for previous analysis. City Lodge has not taken off as I anticipated. The stock has continued to consolidate sideways without a clear pattern though we have two areas of support and a resistance zone. I have no view at this stage and I will sit on my hands on this one.
See link below for previous analysis Barlo stock has caught a strong bid at 5883 and the rally looks strong. This give me confidence that wave C is probably complete at 5883. Not one to chase momentum, though the stock can continue higher with little pullbacks, i would like to see consolidation or a three wave pullback that holds above 5883 to join the...
Sibanye is a prominent mining house that has been aggressively expanding its portfolio, acquiring platinum and gold mines in South Africa and the United States, and is now diversifying into base metals and minerals, particularly those essential for green technologies. The company, under the leadership of Neal Froneman, known for his robust expertise and experience...
NuWorld, a company established on the JSE since 1987, operates as an importer and exporter of consumer goods, focusing primarily on consumer electronics, appliances, and durables. The company's product lineup includes well-known brands like Telefunken and JVC, alongside a variety of items such as vacuum cleaners, fans, large and small appliances, cell phones,...
Transaction Capital (TCP) is a diversified company that operates three divisions: minibus taxis, risk services, and holds a 75% stake in WeBuyCars (WBC). Its subsidiary, SA Taxi, dominates the value chain of the minibus taxi industry in South Africa, handling financing, repairs, insurance, and sales. Since its listing in June 2012, TCP experienced a significant...
WeBuyCars was separately listed on the JSE on 11th April 2024. It was unbundled from Transaction Capital (TCP) in order to raise capital and to protect it from that company's difficulties in its taxi division. The company has 417,2m shares in issue which began trading on the JSE at around R20 per share giving it a market capitalisation of just over R8,5bn. The...
Sasol has shown a decent recovery from the last selloff. Also winning the recent Emissions court case seems to have Boosted the Stock Price. The Chart is self Explanatory. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click...
Impala Platinum's last 1 Month recovery has been stellar to say the Least. Just goes to show that CONVICTION does Work for those that are Patient. I've plotted the Fibonacci Levels to see where we could encounter possible Resistance. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart...
We recently saw it break out of the medium downtrend since January 20024. The price broke above the W Formation's neckline and above the 20 and 200MA. This states the medium term nature is HIGH probability for upside. The concern is the price gapped up and now needs to fill. SO I am patiently waiting for the Gap to close and then rebuy on the bounce of the...
READING TIME: 1 MINUTE THURSDAY, 11 APRIL 2024 | 06h30 THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these...
Afrimat, a prominent open-pit mining company in Southern Africa, provides a broad range of products including composites and construction materials. Until the end of 2015, it stood out as one of the JSE's top-performing shares, showcasing resilience and growth even through the COVID-19 pandemic. This growth trajectory saw the share price reach a peak of R76 on 6th...
Ellies, once a promising electronics company known for importing and distributing electrical products and providing solar power solutions, has experienced a significant decline from its peak in 2013, when shares were nearly R10 each, to a current value of just 2 cents. This drastic downturn is reflected in its designation as a penny stock, with approximately...
Tharisa (THA) stands out in the mining sector, focusing on the extraction and beneficiation of platinum group metals (PGMs) and chrome. The company's primary operations are anchored in the Tharisa mine, strategically located on the Bushveld Igneous Complex's south-west limb. This open pit mine boasts an impressive life expectancy of 17 years, highlighting the...
TGA The accompanying reading is from my research model which provides an automated comment on a share for 3x time frames (ST, MT and LT). Today, the short term rating states the following: "strong upside move but momentum slowing with sellers becoming active". A few days ago I also noted that 140-143 was a level to reduce, i.e. the 200-day and the previous...
Merafe was easily set to great upside to R1.72 This was due to a Box Formation, Upside and Price above the moving averages. But then 22 cents Dividend was given out which caused the share price to drop quite quickly. So is the analysis still on? I guess it is as long as it hasn't hit the risk level. But these are things to take into account and learn from.
M Formation has formed on PPC since November 2023. This is a very risky trade analysis due to the high volatile nature of the share. But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company. Medium Probability Trade Price<20 and Price <200MA Target R2.37
BOX Formation has formed on Renergen. Also there is a rounding bottom. The price has broken above the neckline of the Rounding Bottom but not the box form yet. Once it does, we should get an easy indication that the market wants to head up. The nature of the analysis is Medium probability due to Price>20MA Price<200MA Target 1 will be to R21.82
Inv Cup and Handle has formed on Netcare since November 2023. It is a high probability nature that the price is likely to drop as the price is below both 20MA and 200MA. First target is to R10.36. NOTE: I do acknowledge that there could be a short term W Formation which could cause some chop and even short term upside. So this is indeed a medium term analysis.