Looking real easy to trade, then we'll play the breakout.
JSE:ASR Made inverted cup and handle pattern in down trend. Conformation will be close bellow 21500 with target 13000/16000 zone with projected target for pattern around 14500.
The gold price continues its rise due to offensive monetary policy of the global central banks. Alacer has just ended its Elliot correction wave (ABC), and will starts its new upward trend.
Assore Ltd was in a solid downtrend for the best part of the 2nd half of 2019, dropping from a high of just over R400 down to a low of R215. However, towards the end of 2019 we saw the stock break the downtrend line (DTL) and start to trade above the 50 dma (blue line) which was the first clue that the stock was turning the corner. During December, the stock then...
ASSORE IS PRINTING HIGER HIGHS AND HIGHER LOWS,IT MAYBE AN IDEAL TIME TO ENTER FOR A LEG UP...RISKS INCLUDE LOAD SHEDDING AND TRADE WARS.STIMULUS WOULD INCLUDE TRADE WAR OPTIMISM AND RAND WEAKNESS.TRADING ON A LOW PE.IT IS HIGHLY VOLATILE AND NEEDS PROPER RISK MANAGEMENT.
Risky trade. Increased mean reversion capabilities. Time to exit: +/- 22 October 2019
The blue band is the lower two standard deviation range. High probability for a mean reversion. Mean reversion is a theory used in finance that suggests that a share price will revert to the long-run mean (black thin line). Time to exit: +/- 1 October 2019. Risky trade with a 6.3 stop loss.
ASSORE is lookng to close the week with bullish 'hammer' candle on a supporting trendline. JSE:ASR
ASR broke the neckline a session or two ago before retesting the neckline and losing it again. As indicated, its multi yr set up and will take time to reach target.
A little perplexed with this one. Has lagged KIO. Maybe results will boost share price in a months time or so..
The acquisition of ARM’s stake in chrome mine by Assore has seen the company's share position and also the appoint of Ernst & Young as their audit firm. JSE:ASR chart is currently showing a bullish trend. we waiting for a test in the support trending channel to take a temporal short position. we will wait till it test and take a sell position at 43707. NOTE...
We are expecting a fall of shares here, Sellers may want to jump in already!!
Lowest P/E rating among gold companies, gold prices rebounding from lows, expect a bullish run to 2.40$ per share.