ALSITRADER

ALSITRADER

JSE:NPN Made nice rising wedge, with negative divergences. Hit big resistance. Made nice big engulfing bar. HKEX:700 results look very bad. Time to sell?

ALSITRADER

JSE:J200 Blue line J210 RESI 10 Yellow line J211 INDI 25 Green line J212 FINI 10 Red line top40 J200 Resi strongest pulling J200 higher, Fini weakest.

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JSE:AGL Getting ready to break resistance. First target 40000

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JSE:SOL Potential inverted head and shoulders on $JSESOL. Target around 50000

ALSITRADER Updated 

JSE:SOL Pressing against 44000. If it breaks higher (or should I say when) will go for gap close around 46500 First target is 45000

ALSITRADER Updated 

JSE:BHP Testing top of the sideways consolidation. If it breaks and hold first target will be around 35000, second around 37000/38000 area where all time high is

ALSITRADER Updated 

JSE:ANH Made inverted head and shoulders and broke above neck line. Unfortunately break was stopped by resistance at 118000 Currently making small flag consolidation. Break above 118000 will open 129000 as target for head and shoulders. Pull back towards neckline around 111000/112000 area would be great place to buy.

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JSE:SBK Still inside range but if 18200 gets broken more downside to come. Banks are looking weak these days.

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JSE:TBS Making big base. Is the bottom in place? Watch for break out.

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JSE:BVT Held 21900 level and now pulled back towards up trend line. Watch for break one way or the other.

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JSE:FBR Broke flat bottom triangle. Target is around 6000 This is weekly chart so will take time to get there.

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JSE:SOL Had nice run over last few weeks but currently looks like it losing momentum. Indicator made hidden divergences (Indicator makes higher high, price makes lower high) Could be that Sasol is rolling over.

ALSITRADER Updated 

JSE:J200 Making head and shoulders on hourly. If neck line gets broken target around 48600.

ALSITRADER Updated 

JSE:MTN Results published this morning. Trying to close lower gap, top gap still open. Range bound consolidation inside down trend.

ALSITRADER Updated 

JSE:SBK Made double top around 19700. Currently testing bottom of the up trending channel started in October 2018. If it breaks bellow next target is neckline for double top around 18200 If that neckline is broken target will be around 16700. Around November/December low. Above 19700 and bulls are fully in control.

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JSE:ANG Weekly chart made cup, broke neckline and and now back testing it. If it plays out target is in 260/280 region. This is longer term play.

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JSE:CPI Can this be ending diagonal?

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JSE:FSR Making head and shoulders. Neck line is 6250. Break bellow will open 5500 as target.