Barloworld Trend Cloud Study is showing a Potential Reversal after some 6 + Months of Down Trend.
This should offer an Entry Opportunity, while early, is looking Strong.
The Chart should be 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...
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...
Barloworld (BAW) is a prominent international supplier of heavy earth-moving equipment and vehicles across various sectors, including mining, agriculture, infrastructure, power, automotive, and logistics. With operations spanning 24 countries, particularly in Southern Africa, Russia, and other emerging markets, Barloworld boasts a diverse portfolio that provides...
See link below for previous analysis.
Barloworld released a voluntary trading update for the first four months of FY'24 yesterday.
Salient points:
-5% reduction in group revenue due to reduced sales volumes in some businesses, following a slowdown in the mining sector, continued geopolitical conflicts and reduction in consumer demand in its consumer industries...
Barloworld is a global distributor of heavy earth-moving equipment and vehicles, catering to sectors such as mining, agriculture, infrastructure, power, automotive, and logistics. It represents well-known brands like Caterpillar, Avis, Massey-Ferguson, and Challenger, with operations spanning 24 countries, particularly in Southern Africa, Russia, and various...
Barloworld like most south african stocks have been plagued by economic conditions and uncertainty on operating outlooks going forward. It has been encouraging to see South Afrcian companies mitigating their municipal and government risk but with elections cooming this year will the mitgating be enough to bring in foreign investment?
can we sweep one more low?...
Barloworld (BAW) is an international supplier of heavy earth-moving equipment and vehicles to the mining, agriculture, infrastructure, power, automotive and logistics sectors. Its best-known brands include Caterpillar, Avis, Massey-Ferguson, and Challenger. It operates in 24 countries, especially in Southern Africa, Russia, and other emerging markets. Its wide...
In May 2023, I wrote to you saying I epxect Barloworld to drop.
ANd if you had the patience and just invested in this short, would be paying nicely by now.
Not only because the price is down but also with the time held you could have made some interest income from the short.
Anyway, there is nothing more confirming than when you have a Bearish formation like...
See link below for previous analysis.
Barloworld stock recently made a break below 7984 which was a critical level to maintain the bullish view.
A break below this level has prompted an update of the wave structure and I now identify the sideways movement from 2023.01 as a contracting triangle for wave ((iv)).
The stock is now in the fifth and final wave of the...
Barloworld (BAW) is an international supplier of heavy earth-moving equipment and vehicles to the mining, agriculture, infrastructure, power, automotive and logistics sectors. Its best-known brands include Caterpillar, Avis, Massey-Ferguson, and Challenger. It operates in 24 countries, especially in Southern Africa, Russia, and other emerging markets. Its wide...
I've written about this name is recent weeks and it's one I'm looking going forward.
For more research insights, including trade ideas, get in touch today.
An extract from today's research report (A potential trading opportunity).
The yellow price candles represent a best probability price action scenario over the short term. The probabilities are based on several factors which may include: short term rating, medium term regime, momentum, support/resistance, candle structure, moving averages and standard deviation...
M Formation formed on the daily with Barloworld.
The price broke below and this tells us the supply (selling) is stronger than the buying.
We have other technical signals confirming the downside momentum.
200>21>7 - Bearish
RSI <50 - Lower highs
Target R64.17
SMC
Above the second rounding top is a Buy Side Liquidity Order Block.
This is where Smart Money came...
The last coverage of BAW was on 2023.03.29 and I raised the possibility that the stock could have bottomed at 7984, link below.
The company released its interim results H1'23 three days ago which I have yet to read and i highly recommend you read for yourself.
Current price action is strong to the downside and aggressively approaching 7984.
For the bullish...
JSE-BAW has released interim results today and i have been reviewing the last 2 ideas on it.
After the recent attempt to hit R110 it fell back into range and has pretty much been in a chop-fest of a consolidation.
- The chart is a good example to show that not all patterns work out and you need to be flexible to either stand aside or flip the switch and take the other side.
I mentioned that R86 needed to hold else R81.70 would become a target. Price did in fact reach a low of R79.84 before rallying back up after printing some decent bull bars on the daily.
Bulls need hold...
Barloworld released a pleasing voluntary trading update this morning for the first five months of the 2023 financial year.
There were double digit increases in Revenue, EBITDA, and operating profit.
Technically, the share has traded as forecasted previously, link below.
The real question now is whether or not the stock has bottomed at 7984.
The first wave of any...
Cup and Handle formed on Barloworld after the Breakaway gap.
The price then moved sideways and the buyers showed stronger momentum than sellers.
Now with gaps there is a 70% chance of the gap closing which is good for when you're trading it using patterns.
7>21 but <200MA
Target R107.85
WARNING
The Moving Averages are still very close to each other which means...
