We are still gonna see BAW going down for some time because of that H&S and that rising wedge!!
$JSEBAW Hourly bear flag confirms bearish weekly chart
$JSEBAW Weekly: Simultaneous break of NL and 200w SMA - Weekly close below R114.20 confirms
BAW is still refusing to follow the cup and handle setup, but since we are in the demand zone of the handle, we expect some rise
We may derive the following from the Weekly BAW chart: 1. Price is still trading outside of its weekly downtrend. 2. A correction wave may be complete. 3. Price i.m.o should continue to fall further. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.
We are still expecting BAW to go up because of the cup and handle setup!!
BAW is close to strong SUPPORT (R122) and near OVERSOLD territory Slight Resistance - R129 Strong Resistance - R137
We are hoping to see Barloworld continue its bullish move, after completing the handle
Barloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should...
JSE:BAW is currently trading at a tantalizing level for a long trade. The R128.00 acted as strong resistance for the first 2 months of this year and it would seem as if it recently held up as good support and it is trading at this level once again. On the moving average front, the short-term EMA has crossed above the long-term EMA. The medium-term EMA is well...
Support at R127.00 Strong Support at R122.00
200 ma is now dynamic support , bullish, would a break of neckline take it back to 160ish?
Barloworld moved slightly higher yesterday to close at R125. 200-day ma at R126.28 could be a key resistance level. The 50-day ma @ 122.96 could provide some support. Should the 50-day ma cross above the 200-day ma it could be viewed as a bullish signal.
Recently, traders who participated in the BAW trade benefited from the sharp run-up in the share with the price which made an explosive move from 11803c to 13536c - a 14.6% appreciation over three trading sessions. While the same result may not be achieved, I believe a short term range still exists between sub-12250c (buy) and 12900c (sell). Here a stop-loss of...
We are expecting BAW to even rise more after finding its u-turn
#DailyChart: Price has broken to the other side of what looked like a descending triangle pattern.
Ecpecting the breakout off the triangle to be bullish for the length up to the red line resistance, RSI indicates a buy.