JSE:AGL has triggered a long position with today's movement. The stochastic, MACD and moving averages have all crossed upwards, signaling the upward momentum.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
I am looking for a move back to weekly support at R687. Will monitor for a reversal around support level. Trade ideas are my own and not financial advice.
Hi Everyone, Look for short term sell from the current position. Good luck!!
If the price continues downwards tomorrow, we will enter a short position on AGL. The stochastic, MACD and the two moving averages are all showing signs of a downward move.
AAL in strong upward channel Breaking out on the upside from existing upward channel no advice given bullish chart
A bullish trend is applicable above 75200. Negate the stance for a break below this level. RSI leaves enough room for further upside price potential. Remains above its 200-day simple moving average. Remains a risky trade!
AGL pulling back to support. If support can hold we might see a move back to recent highs. Trade ideas are my own and not financial advice.
A bullish harami candle pattern has formed on JSE:AGL on a strong ascending trendline. I think we could see an upward move for a bit from here.
All three of our momentum indicators have crossed downwards on JSE:AGL . It is looking good for a short position. Target levels around the support area of late September 2021.
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
After a really strong run and heavily driven by a strong rally in Kumba Iron Ore, AGL appears to be coming back to reality. Breaking below new support with momentum firmly on the sell side, we could see AGL re-test the 50 day moving average from here. I make that R640.00 (ignore my "historical figures)
The stock broke the R698 resistance. I will start building up a position with a 1% risk.
1-hour time frame continues to trade within the downward channel. Maybe, first a gap fill at 56017c before the channel is breached a swing long to around 60089c. Current: 57923c
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Anglo retests the baseline of the ascending triangle breakout. Closing above the 200 EMA on Friday with a doji candlestick. Proving a good buy opportunity with a tight stop loss just below the 200 day EMA around R573.
Pennant break on the daily chart targets 700. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,