Price expected to drop until R4.71 then will sell bullish movement again
The stock broke a significant down trendline resistance. stoping to make lows and recently made a higher high. Looking fairly decent. Tymebank seems to be quite impactful for the investment firm. with 3.5 milllion customers
HAS NICE COMPANIES I would love R2.00 and R2.56 mark as re test. but its going up
African Rainbow Capital bullish pattern at play a possible move higher
We can expect price to retest at 446 after rejection at support. Typical textbook price action analysis
Chart has pulled back to 200EMA at same point weekly and daily stochastics show oversold position and reaching bottom of upward trend. ATR gave buy signal couple of days back. Dragonfly Dojis at this point also signals pivotal market points. Fundamentaly not much news on AIL, but i am taking the trade on strong tecnicals.
The recent AIL pullback to the 200EMA seems to be over. The stock seems to be finding support at the demand zone too around the same price zone. Our money, here, is for the upside as technical indicators align. At market pre market today, 08H00 CAT, we will look to get two orders in here. 1. @ R3.25(61.8 Fib retracement) 2. @ R3.06. Both positions with 1.5%...
AIL offers disruptive banking solutions in South Africa. With such a strong monthly downtrend, we will need some sideways consolidation in this range, in order for us to change the trend and ultimately move higher. Given the current economic climate in emerging markets, this is one that I am putting on my watchlist. If we were to see further consolidation at...
*This chart forms part of a larger research note for clients* Published pre-market.
ARC looks very appetizing to me. I am not 100% sure about my wave count, but I think we are about to experience a good Motive Wave (5) all the way to even 410. There is a trendline from around 16 Oct '17 that the stock could break. We can not miss out on this one.
AIL African Rainbow Capital a possible trend shift
Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly). Divergence period used is 8 periods (Fibonacci number). Divergence is when the price is making lower lows, while the indicator (RSI) is making higher lows. Indicates underlying strength. Bears are exhausted. Warning of a possible trend direction...