JSE:QLT seems to be currently bouncing off of a very strong resistance where it has not broken through numerous times. If it fails to break through again this time, I will consider a short position on it's way down.
A beautiful ascending triangle pattern on Quilter. Showing an even healthier uprend on the daily chart. With an even steeper support line. I’m looking for a break through 3378c. My target on the stock is 4772c.
Continued Portfolio Idea: A buy/long recommendation from 08-October at 2880c, Quilter Plc advanced by 17% over the period, reaching a high of 3390c during last week. While the medium term trend has been higher, a review of the monthly chart reveals an equally positive technical structure with the price trading 6.66% from it's 52-week highs. One would think that...
A dark cloud cover pattern has formed on JSE:QLT . This is a bearish reversal pattern and if it trades lower than the open of today, it could be looking good for a short position down to the 200MA or further down to around the 2750 level.
JSE:QLT is showing signs of an upward move. There was a massive engulfing candle a few days ago and the stochastic and MACD are confirming upward momentum. If it break higher and the EMA's cross, I will consider a long position.
JSE:QLT has been in a bear trend since mid August and seems like it is making a turn. We could be looking at a move all the way up to the 3350 area if it breaks through the resistance around the 3000 level.
- Retest of break out zone , possible move to even R28.00 is probable
- Great play on weakening ZAR/GBP. Good long only buying around bigger levels.
- Target , previous highs , second target R36.00.
After an accumulation trading range, Quilter is being marked up in a defined upward stride. Price has now reached the overbought line and it is time for a pullback. Volume has climaxed and it is possible that this could be the start of another trading range.
End of week 15Mar19. Nice little run from Quilter on the back of a weaker $ZAR/GBP ( FX_IDC:GBPZAR ). Impala also continued its run, bringing YTD growth now to 75%. Another newbie in the "runners" list is MultiChoice. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow:
Potential Buy/Long Setup on JSE:QLT driven by these key factors:
- Price support seen at 20.32 and 20.50
- Prior bullish turns on Money Flow Index accompanied by rising price while bearish turns has seen the price move lower. See chart marked 1,2 and 3 (bullish turns) as well A and B (bearish turns).
- Stochastic Bullish Divergence
Quilter Plc provides wealth management services. It provides pensions, protection, savings and investments services. The company was founded in 2007 and is headquartered in Southampton, the United Kingdom.