After the results, hitting the support, now its basing out and it's ready for a long on $JSEBAW
- The share has come off quite a bit since it released earnings. - Potential area of support - Will be looking for a higher low on the hourly to confirm entry -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
After releasing preliminary results, Barloworld shares have started tanking. Low growth, slack demand and lockdown, all taking it's toll. Next up is the retrenchment of around 2000 staff. It's not looking good. We saw the "kiss goodbye" at the 81.00 level and while the stock has dropped significantly, I don't think the drop is over. I expect a re-test of the...
We might see BAW going up after struggling to leave that zone for so long
Monthly chart,Play the range ? looks pretty simple doesn't it ? Weekly looks a bullish engulfing close with RSI moving up Daily looks set to go to R78.00 Stop loss below 58.00 wait for the weekly close before buying or you might end up being the wick Follow me on twitter @Muazcoin
JSE:BAW Head and shoulders on weekly chart with neck line been back tested and held. Target is around 2500 low from 2009 on this one.
- After a sold move down, price is attempting to break out of the down sloping wedge - Possible long entry developing (still time in the daily candle), stochastic oversold. - Today's close will be key - NB ( This is a countertrend trade) - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. Follow more...
- Price has broken through support on the daily with a gap down - Stock is in a downtrend - Will look for short entries on the retest on the breakline - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:BAW
BARLOWORD trading at major key level a possible bounce or a break down lower to the High Liquidity Zone
Barloworld has made a double bottom breakup to the upside. Initial Risk / Reward - 1 : 1.25
$JSEBAW Hourly close below R113.50 confirms H&S
$JSEBAW Breaking down on the hourly - confirms bearish weekly picture
$JSEBAW Weekly chart - waiting for bull flag confirmation
We may derive the following from the Weekly BAW chart: 1. Price has reached our first target. 2. Price is currently at a support level. 3. Be weary of buying, but take note - a bid is likely. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.