JSE:INL has had a great run, all the banks actually. The fast MA is now below the slow MA, not something you want to see in a stock you own. We're bearish on JSE:INL , this look like a Stage 4 breakdown, a Stage we avoid by all means!
After taking a while, our trade on JSE:INL has finally triggered long. This alert was based on the turning upward of the stochastic, MACD and moving averages. We are looking at a target at around the R105.50 level.
Price on trendline support. Could be worth a buy here for a short term move to 100.
Heikin-Ashi confirmed a change in trend direction to bullish. A price action above 9300 supports a bullish trend direction. RSI leaves enough room for further upside price potential. Trend strength indicates a strong trend gaining strength. Remains above its 200-day simple moving average.
Double top unfolding Stop loss 1ATR above the highest high
investec bulls are at play inline with the recent intrest rate hike cycle
When managing your own money or that of clients, I'm sure there must be no better feeling than seeing a position continue to advance week after week, month after month. If you know me, you'd know that there isn't a more important question I'd ask than what your time horizon is. Over the last few years, it feels as if nearly every conversation has either started,...
Demand comes back at the supply/demand area. Buyers defending the price holding the 50 day EMA. The stock is well poised to break the 9000c resistance for a further rally
INL setting up a possible bull flag. If triggered first target will be recent highs and second target R95. Trade ideas are my own and not financial advice.
A bearish trend is applicable below 7600. Overbought above 7600, which increases the likelihood of a throwback. Correcting from the upper range of the Bollinger Bands. RSI leaves enough room for further downside price potential.
The stock broke and moved sharply subsequent to the break. I have moved my stop to profit. Now waiting for a close above R56.50 to add to the position Position Average Entry: R47.20 Quantity: 35 Stop loss: R50.33 (+R3.13 reward per share) Profit/loss ZAR if stop is hit: +R109.55 (+1.48%)
The chart is still below the 200 day MA this shows bearisnes, Stochastics are overbought on weekly and daily charts. The engulfing bearish candle at the top also gives me a warning sign. i would not buy this stock at this time. Also forgot to mention the rising wedge which is negative.
INL reversed a few times of that R41 level. Keep an eye on that level for a close above to go long.
Bearish confluence of technical indicators supports downside potential.
Investec gives us a second bite of the symmetrical triangle short trade with an even more elegant entry. If you missed the first breakout. The market closed with a Hammer candlestick a bearish candle. and a decent risk-reward ratio
Improving confluence of technical trend indicators.