- Price has pulled back to a decent level to accumulate or open a new position - Trend is your friend -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
The relative strength in selected property names have been of interest to me. You may recall in February we presented the monthly chart for the SA listed property index (J253) as one which could see a recovery (see attached). (The JSE removed all indices from trading view, including the All Share J203, so I am comparing it to the Top 40 J200). RDF has been...
Ascending triangle chart pattern which will be confirmed by a break of the 4.50 resistance area
RDF trading in a range. Long of support as close to R4.00 and sell into resistance between R4.40 - R4.50. A break above R4.50 will be bullish for further gains. Ideas are my own and not financial advice.
Bull flag in a larger channel. Maybe we see a pullback tomorrow, maybe not. If we do, the trade levels are as follows: Current: 423c Buy between 412c-418c Stop-loss: 402c Target Range: 445c-455c *Manage your own risk*
I have been waiting for this significant bar since March - see post below -. A significant bar with some increased volume yesterday could get things going to higher prices. It is pushing away from the yearly pivot point and we could see some momentum now.
Ascending triangle technical chart pattern developing. Should it be confirmed, could we get 6?
Relatively new to technical analysis and trying my hand at using Fibonacci retracement and moving support and resistance lines. My feeling is Redefine is going through a bit of a correction and probably will find support near to the 3.40 mark. If the drop continues then we could find support again around the 3.19 mark. If it simply just profit takers from the...
After following Redefine down since mid-2019 it is time to follow it up - see posts following it down below - it is now time to follow it up. A base was formed starting in March 2020 which has turned out to be an accumulation trading range. A last point of support (LPS) was formed making higher highs with signs of strength (SoS) with some volume behind the move....
My punt worked with redefine as on 08 Jan. Stochastics are now showing oversold on both weekly and daily charts, I will hold this stock UNTILL ATR Alerts me to the fact that i may sell. I will not buy at these levels, rather wait for a pullback. They dabble in the office space which is negative, and will not be paying dividinds ll ATR
Watching Redefine very closely around this level. If the resistance turned support line can hold around these levels, then price could eventually recover to R6. However, if support fails, further support should be found around the R3.50 price level. Trade offers a roughly 3:1 reward to risk ratio.
Redefine proving to be quite volatile seems to be repeating its patterns from before. Strong rally followed by a drop(Sometimes steep) and the share price. A support line at R 3.10 seems to be holding well but if the past is anything to go by, it would be safe to assume the share price might drop further. Redefine seems to be moving heavily on news, which can...
Redefine has a nice cup & handle set, should move up to attack the resistance where it turned from.
Nice retrace on Redefine. ATR giving buy signal, stochastics 5 and 14 in oversold positions. Taking a short term punt.