Practically identical to the Harmony chart i just published. Head and Shoulders waiting breakout, MACD crossing over, 20- and 50-day EMA crossing over. First Target R232 and second target R268 if Head and Shoulders pattern plays out.
Head and Shoulders has formed on this instrument. Harmony is overbought on the stochastics, however MACD has crossed to the upside as well ass the short-term EMA'S. Waiting for a break to the upside with first target R79 and second target R96 if the pattern plays out to the full.
Investec has had a good run, and although stochastics shows overbought i think it still has some way to go. Short term EMA'S have crossed as well as the MACD. It has closed on a new high on the weekly chart, and if it opens the week in strength i will enter a trade targeting the 120 - 121 region. Stop at 103.
Sappi giving strong buy signals. MACD crossing over Stochastic crossed over. EMA 20 crossing over EMA 50, and price action about to cross over EMA 100. Target R57.80 and stop R47.20. Will wait for crossing of EMA 100 to be confirmed.
Reunert is in the process of turning a resistance coming from 1 June 2021 into a support. Once this is confirmed i will enter this trade with my target being R58 at resistance coming from 1 August 2018. My stop would be at R45. Company came out with good results in bad times, and i think this trend will continue.
Sibanye has broken out of a rounding bottom pattern, and i have already entered the long position. If first target of R52 is reached it will confirm a larger rounding bottom and breakout will target R55 which will be my second target. Word of warning a rising wedge has formed, and a break to the bottom can be used as a stop. I would still hold and wait it out to...
Bidvest has had a strong run. I see a Head and Shoulder pattern formed all the way from April 2019, and a possible cup and handle formed from March 2022. Both bullish formations. I will wait for a breakout and for the resistance level to change into a support, as this share has been trading in a sideways range for a long time. My first target will be R163.
Price has broken out of a declining wedge within a bullish channel. It may be giving a perfect good by kiss on the declining wedge which also coincides with the EMA50.I Will buy above 13981 with a target of 15979. Stop loss at 13000.
Firstrand has formed a head & shoulder formation on the daily chart. It made a false break out of the head & shoulder as well as the bullish downward channel. It is currently testing the ema 50, and i am waiting for a turn around candle to enter trade. First target is 6900, 2nd target 7600.
Should price go below 6342, this would negate this trade.
Head and Shoulders inverse forming on this stock, Stochastics moving into oversold territory, Breakout will trigger long position. First target 55,24 , 2nd target 70,75 . Stop at 46,47. Might be receiving some positive news regarding the MTN buy out to trigger this move.
Possible buying opportunity on Spar with a pullback to top of downward channel, and waiting for formation of a bullish candle for a perfect goodbye kiss. MACD on weekly chart has crossed over, and momentum is to the top .We are also near a strong support coming all the way from 2012. They have recently also streamlined their Polish business, which will have a...
The price of Platinum has reached the bottom of a support line coming from 2008. It has also broken through the downward trendline coming from March 2022.Impala is moving in a sideways channel since September 2020. Momentum is to the top and Macd is crossing over on the weekly chart. Price action on the weekly chart is crossing over the EMA21. It has recently...
Looking to enter trade at the breakout of the falling wedge at 22.20. Pricing above EMA21 on the daily chart, and momentum positive. MACD crossing over to the top. Have a target of 10% and then 24% on this trade. Pullback into the wedge formation, will negate this trade.
Looking to buy at the breakout of the falling wedge. Price above the EMA21.MACD crossing over on the weekly chart. Will enter trade at 22.20, and have a target of 10% and then 24% to the upside. A Pullback into the wedge formation will negate this trade.