Investec gives us a second bite of the symmetrical triangle short trade with an even more elegant entry. If you missed the first breakout. The market closed with a Hammer candlestick a bearish candle. and a decent risk-reward ratio
Improving confluence of technical trend indicators.
Pair or relative trade, a market neutral strategy Simultaneously Long INL vs Short SBK.
My set-up for Investec -things appearing very bullish. Price might rise to 3800 area, then reject down to 3400, and break away up in a bull trend. Bullish interests.
Investec could see more sell pressure on the coming days ahead
this video entails some of the large Assert Management Companies here in South Africa every week we are going to look at a specific sector on the JSE and try and break it down to find investment opportunities im not a professional speaker but ill try to improve quality and analysis as time goes on
A possible move up to the resistance level of the range...
Price streak and momentum streak close being at the historic maximum. In RSI overbought territory. At resistance. Time to exit: +/- 7 October 2019
JSE:INL formed a bearish harami at a resistance level. Once confirmed, we could see a nice downward move towards the previous support level.
JSE:INL has broken through a support level and is possibly going to make a move downwards. As always, wait for confirmation.
JSE:INL has been trading in a parallel consolidation channel since December but it seems to be breaking out with today's price action. If it confirms with tomorrow's price action, it could be setting up for a short position towards the support zone around the 7700 level.
JSE:INL is showing a bearish harami. Will enter short on Monday if it confirms
JSE:INL has encountered resistance and will most likely turn downwards for a short. The stochastic is also turning down through the 80 which is a possible reversal sign.
And that brings Feb19 to an end. Two down, ten to go! JSE:J200 ($JTopi) having a great start to the year - up 6.92% YTD. Top performer is still Investec Ltd, at 15.9% YTD. Question remain - time to take some profit or does it still have some legs? Analysts still forecasts Investec to be in the region of R112 over the next 12 months and with the planned...