SAPPI has performed great since it broke above the Symmetrical Triangle,. The analysis was done in February, it broke above the Apex and since then has rushed to its first target at R56.60. No ways, is this worth a punt to the short side. We can now expect some sideways chop, possible pattern form and then will provide another buy signal. What is the...
Head and Shoulders has formed ont he dail since Early 2022... The price broke below the neckline and has since then, been showing lower highs within the down channel, We also have confirmed downside with the Moving Averages. Price< 20 and <200 It looks bleak but the system is the system, so the first target is set to R76.08
Data as of end of day - Tuesday 09 April 2024 Candle 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 inferences. The tables below highlight the following: (1) The share code (2) the candle's...
The share has started to find support off the provisional buy range. My comment last week 02 April 2024 was as follows: REM REMGRO - (1) Aggressive selling pressure but attempting to settle around multi-year support (it can fluctuate around this level) - down from 16300c at the beginning of the year (2) 48% Discount To Net Asset Value (NAV 23695c vs Last Close...
Bell, a key player in the manufacture and distribution of heavy equipment for industries like mining, construction, agriculture, and waste management, has faced challenges stemming from the construction slowdown since 2008 and the collapse of the mining industry. Despite these setbacks, Bell's articulated dump trucks enjoy a global export market from its...
Grindrod (GND) is an international freight and financial services company operating in twenty-eight countries. The significant change in the company's structure came in mid-June 2018, when it unbundled and separately listed its shipping division, Grinship (GSH), leading to a notable drop in its share price. Post-divestiture, Grindrod's focus sharpened on its...
Ellies, an emerging electronics firm known for importing and distributing electrical products and offering solar power solutions, has experienced significant shifts in its market standing since its peak in 2013. At that time, shares traded close to R10 each, but have since plummeted to a mere 2 cents, reflecting a stark downturn. The company, now a penny stock,...
MultiChoice Group (MCG) is a premier entertainment enterprise in Africa, standing out as one of the world's most rapidly expanding pay-TV broadcast providers. With a subscriber base reaching 21.1 million across 50 countries, MultiChoice boasts a significant footprint. The distribution of its 90-day subscriber base is notably divided, with 42% (8.9 million) in...
Sasol, a behemoth in the international chemicals and energy sector, traces its origins to the oil-from-coal technology developed during South Africa's apartheid era. With approximately 50% of its profits tied directly to oil prices, Sasol's performance is closely linked to the volatile energy market. The company has strategically positioned itself for growth...
MC Mining, formerly known as "Coal of Africa," is a modestly sized company focused on metallurgical coal mining, with Uitkomst as its only producing mine. Besides Uitkomst, the company is actively developing several projects, including the Makhado project, the Vele colliery, and MbeuYashu, showcasing its commitment to growth within the sector. The Makhado...
Sirius (SRE) is a real estate investment trust (REIT), listed on the JSE and the London Stock Exchange (LSE), specializing in office, manufacturing, and warehousing properties in Germany. The company boasts ownership of 141 assets, valuing approximately 2bn euros. Evidently, Sirius represents a well-managed and expanding rand-hedge, which had been benefiting from...
See link below for previous analysis. Sibanye's stock made a strong pullback since the previous analysis and challenged the key 1756 invalidation level. Most importantly, price managed to just hold above 1756 therefore keeping the bullish outlook valid. The re-test of 1756 has also created a double bottom reversal pattern which adds to my bullish...
A price action above 118 supports a bullish trend direction. Further bullish confirmation for a break above 129. The first target price is set at 141 (its 61.8% Fibonacci retracement level). The second target price is set at 168 (its 100% retracement level). A break up out of the symmetrical triangle pattern might support such upside potential.
A price action above 6000 supports a bullish trend direction. Furhter bullish confirmation for a break above 6200. The target price is set at 6400 (its 38.2% Fibonacci retracement level). The stop-loss is set at 5800 (its 0% retracement level). Testing major resistance. A bounce from oversold territory on the RSI supports a speculative long opportunity.
There are two potential rising formations to come for Sasol. Either Rev Cup and Handle or Inv Head and shoulders We do need the confirmation though for upside to continue to come. Moving averages yield a Medium Probability setup with Price>20 Price<200 Oil is also confiriming a short to medium term rally which will help push up the price Target R228.61
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high...
See link below for previous analysis. MTN released its FY'23 results on the 25th of March and it was a mixed bag of results. Salient features: Group service revenue grew by 6.9% (13.5%*) to R210.1bn (2022: R196.5bn) EBITDA (before once-off items) down by 0.5% (9.8%*) to R90.5bn (2022: R90.8bn) EBITDA margin lower by 3.0 percentage points (pp) to 40.9% (1.2 pp*...
JSE Sector Relative Change vs Top 40. Data as of end of Friday 05 April 2024