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XAU/USD Forecast GOLD FORECAST FROM 3 JUNE 2024 TO 7 JUNE 2024 XAU/USD changed into bearish as we see last time it dropped badly because buyers are taking their profits so we see a big drop of almost 1300 pips. Now at this point we can see a red folder week so we have to be careful for long term trade in this situation we should do scalping. Let's come to the point as you see market sweep low second time and failed to close candle below daily previous candle. Whenever market start sweeping one side it can reverse so first market go upside and out all sellers then go down in a single leg to kickout buyers. Market sweep the PDL PWL and also H1 H4 low it indicates that market want to go up. We can expect buy from 2324 to 2322 till 2338 40 and expect drop from 2339 45 if close H1 candle above 2346 then we can again see the upside move till 2370 74 so after this move our first sell from 2370 74 and second sell position will be 2378 82 we will target first monthly FVG 2373 70 this is the position if market start going upside from current price if drop from first point 2338 40 the we well sell from every retracement. Conclusion : We will sell on every retracement until Gold tap in monthly FVG
PEPPERSTONE:XAUUSDShort
by TheICTGuy
A Bullish Argument for the EUR/USD On the Monthly Chart the EURUSD has hit an old Resistance Level and bounced strongly (Rejecting Lower Prices) We now have Developed a Bull Flag on the Monthly Chart. On the Weekly Chart Price has made a 3 Wave ABC Retracement, Bounced off the 78.6 Fib Level and has now closed above the 5o Week MA and has Printed 2 Inside Candles. On the 4 Hour Time Frame Price Action has Produced another 3 Wave Retracement and closed above the 50 MA after finding some resistance at the upper Boundary of the Channel. Come down to the 15 Minute chart and things get really interesting. We now have 3 Waves up, Could this be and ABC retracement and Prices are going Lower? Very Possible, The other option is that we are looking at a 1-2 followed by wave 1 of 3. Meaning that after 2 Inside weeks, price is going to explode higher next week. Fundamentals - Large Speculators Went net short Euro futures Contracts in April 2024, this is their most bearish position in over 12 Months, in the last 5 weeks they have been Steadily going Long the Euro Contract, over the last 2 Weeks They have increased Long contracts from Circa 17000 to Circa 57000 Contracts and over this time EURUSD has dropped Circa 50 Pips. So this could be accumulation. Also on Friday we had a 0.1 Beat on EUR CPI and a 0.1 Miss on US Core PCE, This should be an added Tail Wind to the Long Idea.
Long
by craig.sloper.10
Our opinion on the current state of CATCaxton (CAT) is a South African printer and publisher. This company is at the heart of the displacement of hard copy by digital and it is adjusting by reducing costs and trying to move across to digital platforms. But there has been a steady erosion of advertising revenue and even before COVID-19, the purchase of magazines has been in decline. In its results for the year to 30th June 2023 the company reported revenue up 16,6% and headline earnings per share (HEPS) up 20,2%. The company said, "Revenue grew by R995.2 million (16.6%) from R5 979.3 million to R6 974.6 million on the back of price increases to recover the large raw material input cost increases and volume increases in the packaging business, while volumes in the newspaper and commercial printing plants remained largely unchanged. The second half of the year's growth softened as loadshedding and inflationary pressures impacted consumer demand". The share broke up out of an island formation in 2021 and continues in an upward trend which is supported by its latest results.
JSE:CATP
by PDSnetSA
Our opinion on the current state of BRTBrimstone (BRT) is a black-controlled investment holding company with a diverse portfolio of holdings. It owns: 1. 54,2% of Sea Harvest, which is a listed fishing company and has a market capitalisation of just over R4,5bn. 2. 100% of Lion of Africa, a loss-making insurance company, which decided in November 2018 to cease operations and close its doors. 3. 100% of House of Monatic, a loss-making clothing manufacturer, 4. 24% of Oceana, the largest fishing company in South Africa with a market capitalisation of R8,6bn. Brimstone is increasing its shareholding by buying 8m shares from Tiger Brands, which will take its holding to 22,9%. 5. 6,1% of Grinrod, 6. 18% of Aon Re Africa 7. 25% of South African Enterprise Development, 8. 49,8% of Vuna Fishing company, 9. 12,8% of Milpark Education, 10. 25% of Obsidian (a black-owned investment holding firm positioned to benefit from the roll-out of the NHI) which, in January 2020, it increased to 80% for R35,7m. and a variety of other smaller shareholdings in property, healthcare, 3,9% of Long4Life and 5,3% of Stadio. The company has been selling down its stakes in Life Healthcare, Lion of Africa, House of Monatic, Equites, Multichoice and Phuthuma Nathi. It has used the proceeds to pay down R1bn of its debt. In its results for the six months to 30th June 2023 the company reported revenue up 17% and headline earnings per share (HEPS) up 239%. The company said, "INAV at 30 June 2023 calculated on a line-by-line basis, totalled R3.07 billion, or R12.36 per share (31 December 2022: R3.29 billion or R13.25 per share), representing a decrease of 6.7% from 2022. As at 30 June 2023, Brimstone Ordinary shares were trading at a discount of 55.9% to INAV". Both ordinary and "N" shares are thinly traded, but the ordinary shares are worse. We regard the ordinary share as too thinly traded for private investors and, unless they begin to unbundle the portfolio, the extra value is likely to remain locked in.
JSE:BRT
by PDSnetSA
Our opinion on the current state of CAACA Sales listed on the JSE on 27th June 2022 and traded 34 deals on the day opening at 505c and closing at 745c. The company supplies food, health, alcohol and fast-moving consumer goods (FMCG) to a wide range of companies. It is involved in warehousing, distribution, marketing and point-of-sale. In its results for the six months to 30th June 2023 the company reported revenue up 22,5% and headline earnings per share (HEPS) up 21,5%. The company said, "Revenue growth was driven by organic growth, acquisitions, expansion into new regions as well as the on-boarding of new clients to the group’s portfolio. As a result, gross profit increased by 25.9% to R786.8 million (H1 2022: R625.2 million)". This is one of the only new listings on the JSE over the past year and it is too early to assess it technically, but the has been moving sideways since February 2023. We think it will be a good investment.
JSE:CAA
by PDSnetSA
Our opinion on the current state of GTC.GTC is a property group operating in central and Eastern Europe. The company has properties in Poland, Bucharest, Budapest, Belgrade, Sophia and Zagreb. It manages forty-seven office buildings and 6 retail properties with gross lettable area (GLA) of 829 000 square meters worth about 2,35bn euros. The company is listed on the Warsaw Stock Exchange (WSE) and the JSE. In its results for the six months to 30th June 2023 the company reported occupancy at 87% and a loss of 2 euro cents per share. The company said, "As of 30 June 2023, the book value of the Group’s total property portfolio including non-current financial assets was EUR 2,408m". Unfortunately, the share on the JSE is extremely thinly traded which makes it impractical for private investors.
JSE:GTC
by PDSnetSA
Insimbi showing downside to 86 centsRounding Top has formed on Insimbi after its rally from the W Formation. 21>7 - bearish. Price>200 - Bullish Target 86 cents Warning is that this chart is unattractive for a trader: It signals Illiquidity and low volume with HIGH volatility. No matter what trade you take, I consider it a LPT (Low Probability Trade). ABOUT THE COMPANY Insimbi Industrial Holdings Limited is a South African company primarily involved in providing steel, aluminum, and other alloys to industries in South Africa and internationally. Inception: Insimbi was established in 1973, initially as a supplier of foundry and steel-making raw materials. Public Listing: The company was listed on the Johannesburg Stock Exchange's Alternative Exchange (AltX) in September 2008. Expansion Through Acquisition: Over the years, Insimbi has grown through various strategic acquisitions. For instance, in 2018, it acquired Group Wreck Non-Ferrous Metals, a company involved in the trading and processing of non-ferrous metals.
JSE:ISBShort
by Timonrosso