HT3 trade ideas
Potential Long Setup forming I've always liked Ang - but with all the challenges businesses in SA face, and global drama it seems like a long-term downtrend will never end.
And with current market uncertainty - it's a true fruit salad. That being said... this is what I see - please feel free to correct/teach me if you see I'm missing something.
Very short-term:
* Double bottom on the 4h chart - currently sneeking past a daytime downtrend (Needs to close above the 23 500+ mark i feel to really set the trend change in stone)
From there:
Light Blue Downtrend line
Gap up 25 000
Gap up to 32 289
Gap up 34 500
** I'm sure each step up would provide its own resistance... but if you are prepared to give it some time, this has some potential I think.
PS - not financial advice :)
#ANG Anglogold on a big monthly level #JSESome big levels on monthly chart:
(1) consolidating above the 200 simple and exponential moving averages (green bands)
(2) S1 yearly pivot
(3) 23.6% fib channel using closing lows and highs from 2015 and 2020
(4) Holding 40 RSI level which has been critical support for ANG over the last 5 years
Let's see how we do in the next few months but my bet is we get a decent bounce out of here into the 4th quarter of 2022
Evening StarAn evening star pattern has formed on JSE:ANG . This is a bearish reversal signal so I think we can potentially see a downward move from here.
ANG Target reached 7th MarchANG
As difficult as it is to try and time the market ? i was pretty accurate for once
i sold Anglo Gold on the day before the retraction , March 7th after reaching double digit returns?
without a strategy for buying and selling i would have lost all my gains.
Any one following my trade cut it pretty close Congratulations.
Key indicators flashing Buy signals i will wait until confirmation data flashes around 26th July 2022
before I buy in Again ?
ANG long target reachedANG target reached 100% profit margin from purchase date
Sold shares waiting for pull back.
to get back in volatility will make this trade one of many in the coming months
buy the dips
Anglogold AshantiBUY PLAN #1 | The key pivot zone which
the share needs to hold and where strong
bids needs to be seen is 27842c to
27965c. A strong push through this range
could see the share targeting around
28900c. The stop, or temporary failure
level is 27450c.
BUY PLAN #2 | If the share retraces toward
it’s 61.8% Fibonacci zone, this would also
represent a level of buying interest,
provided we see strong bids around this
level (27000c-27300c)
SELL PLAN | N/A as yet.
Please Note: The idea may or may not
trigger on the day of publication.
ANG DB triggeredANG i called this trade idea a little early
we all know how difficult it is to accurately time the market
i however think the double bottom reached yesterday for ANG
i a turning point we will just have to wait and see?
$AU Gold PlayLet's stick with the metal theme.
$AU pullback to its 10 week MA with a pivot to anchor risk around.
Anglogold Ashanti Limited (AU) Falling wedge breakoutAU is starting it's breakout....... I expect it to push up to the .618 at 29.50 before a major correction given these crazy times anything could happen. Falling below 20.00 would cause me to close this swing long.
@VillageTraderZA - Inverse Head and Shoulders developingThe stock broke the R330 resistance but with a doji. Not sure if the market was merely testing R330 or a valid reversal pattern. We have a head and shoulders pattern on the weekly chart. Setting up. With the gold breakout seemingly holding out. I will watch the R360 neckline. Going to hold off on raising my stop loss for now. Just in can the neckline holds up.
Inverse Head and ShouldersCups trying to for but no discernible handle yet.
Possible stop below 18.
No recommendation
AG Capital -Storm trading Morning Call 18 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AngloGold-Ashanti potential long tradeJSE:ANG could be interesting above R360/share. Especially if TVC:GOLD move up.
@VIllageTraderZA Bullish flag breakout Gold stocks had a good day today. Consequently gapped as it was breaking the bullish flag. I will build a position putting 1% risk with an initial stop loss at R289.40
ANG - Ready to enter a long positionJSE:ANG is looking good for a long position. The EMAs, stochastic and MACD are all showing upwards momentum.
ANG (JSE) Short term Short Idea on AnglogoldI think there's a short term down movement on Gold Miners into mid to late Feb into a ICL. Then Gold Miners will start to shine on a move back to the highs.
AngloGold - Be very CarefulVery explosive technical levels. Today, the break below the higher lows support line is a short-term worry for all AngloGold Ashanti shareholders. Should support hold around R196, could confirm a possible short-term bounce, with my focus point being the 200-day Moving Average (EMA) at R303. A break and close above these levels could again bring the R320 resistance into play. For now, I'm remaining cautious on ANG and holding tight. With markets being ever-increasingly fearful, I would focus on this space. Refinitiv Eikon consensus target price for ANGis R329.
ANG: LONGHi dear Trader/Investor
Below is a an inverted head and shoulders patter developing the right shoulder. The price action has bounced off the support line and will head higher if it holds the support line.
ANG Buy the dipANG nice pull back time to add
Gold is being driven by excess currency in the markets
volatility and the influx of baby boomers without track records
or experience with trading
ANG Long ContinuationANG
Market correction on the cards and sell off of gold stocks to cover losses
will be the norm in the coming days no reason not to buy the dips
before mainstream investors realize their mistake
