Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...
An evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.
Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...
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...
Some 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...
ANG
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...
ANG 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
BUY 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...
ANG 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 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.
The 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.
