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Coronation Fund Managers LimitedCoronation Fund Managers LimitedCoronation Fund Managers Limited

Coronation Fund Managers Limited

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CML trade ideas

$JSECML-Coronation Fund Managers: Are The Bears Done Yet?How the mighty have fallen. Since reaching an all time high back in January 2015, CML has been in a strong bear market. The decline from R115,20 to R24,36 can be labelled as an (ABC) zig zag. Like many global stocks, CML found a bottom in March 2020 after the covid-19 sell-off and this was followed by what looks like a five wave rally to R55. If the bear market is over, R24,36 should hold as a bottom but a break below this level will prompt a re-assessment of the wave count. Trade recommendation: Buy-stop @ R40,00 Stop-loss @ R24,30
JSE:CMLLong
by Loyiso_BlaqueSoros_Mpeta
JSE:CML Coronation for some upsideIs #CML #Coronation a buy at these levels? Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel. Image 1 TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9. Image 2 The stochastic indicator shows extreme oversold conditions. Image 3 On an hourly graph the share is consolidating round R32.20, whilst the stochastic has pulled back a bit. This may set up the short term graph for a pop to the top, which will in turn initiate the turnaround on the weekly chart. We might see Coronation running from here to close the ex-div gap at around R36.60. Fundamentals: Coronation is currently trading at a 7.5 PE and 13.5 DY dividend yield, which gives some protection if the share is to retest the 2020 lows as part of a capitulation turnaround.
JSE:CML
by chsmit
$JSECML Between A Rock And A Hard PlaceTime for a relook at the Monthly chart of Coronation Fund Managers Ltd, after I identified what looks like a falling wedge about two months ago. A guru in the financial world described $JSECML as a good proxy for SA Inc some time ago, but while the SA TOP 40 for example has not made much headway over the past 5 - 6 years, this counter has undeniably been in reverse over that time, being responsible for some serious losses for long term investors. I will not boast about any Elliott Wave capabilities, but I managed to find four waves so far, with three sub waves each, so currently the falling wedge looks pretty much like those from the textbooks to me, and I find it difficult to see why a fifth wave down could not be a distinct possibility. I have been unashamedly bearish for almost a year already, and have this week expressed that a significant world wide correction is in my view now right in front of us. If Coronation has now indeed started with Wave 5 down, a drop to the lower line of the wedge, or even beneath it with a typical over throw that often accompanies a wedge, this means that the price could go from the current R49-02 to below R20, which would be a fall of at least 60%.
JSE:CMLShort
by dawievdwest
Coronation looked good to break into the 5200c - 5600c box. Coronation looked good to break into the 5200c - 5600c box. I’m waiting for a close above the 5275c multi year high. The last time we closed above this level was in April 2019. When we get a close above this level. I will add to my position. As this means the stock has cemented itself in the 5200c - 5600c. Then pull my stop loss order to 4880c from 4722c. Trade Summary 22 March 2021 Average entry: 4925c Position size: 47.3 Stop loss: 4722c Risk: -9602c Risk%: -1.15%
JSE:CMLLong
by VillageTraderZA
Nice bullish flag breakout into a higher box Position Average Entry: R49.25 Quantity: 47.30 Stop loss: R47.22 Risk: -R2.03 Current Risk ZAR: -R94.02 I’ve been in the trade for some time now. The stock is looking good piling up the boxes on the way up. Currently looking to break to the R51 - R58 box from the R44 - R51 box. We have a nice looking bullish flag on the stock at the top of the R44 - R51 box. When the stocks breaks the flag into the higher box I will add to my position.
JSE:CMLLong
by VillageTraderZA