Sentiments remain the same as idea published 11 Feb. Heavy overbought positions. Will wait for Fibonacci retracement levels before entering a trade.
I Refer my post of 11 Feb 2021. Sentiments are still the same. Would hold if already in, but would not buy at these levels unless you are a momentum chaser. Also close to highs reached in Sep 2020. That being said should that be passed we can possibly look at all time high as next target.
I Am not a short seller. That in mind weekly stochastics overbought. Strong bearish engulfing candle at the top of rising channel where price is finding resistance. I would rather wait for retrace to bottom of the channel before considering entering a trade.
Glencore is showing overbought positions on monthly weekly and daily stochastics. If i were in this trade, i would stay in. As it is i would wait for a retrace to fibbonaci levels before entering a trade. News on antitrust case positive, as are fundamentals in general. Prices have run to far ahead to chase in my opinion.
Pick and Pay is bouncing of major resistance at a level coming all the way from early 2017. Weekly stochastic is still showing overbought position. Although there is a small window to close to the top, i will wait for a pullback to about the R50 level before entering into a position.
Chart has pulled back to 200EMA at same point weekly and daily stochastics show oversold position and reaching bottom of upward trend. ATR gave buy signal couple of days back. Dragonfly Dojis at this point also signals pivotal market points. Fundamentaly not much news on AIL, but i am taking the trade on strong tecnicals.
.Stochastics overbought. Oil price and dollar not working in their favour, will wait for a pullback before entering a position
The market is unsure of what to do. The weekly stochastics are not near overbought territory yet. Fundamentals of the company are good. You can take a short term punt if you have the unction to do it, Personally i would wait for the weekly 14 stochastic to catch up even though the ATR is giving a buy signal
My punt worked with redefine as on 08 Jan. Stochastics are now showing oversold on both weekly and daily charts, I will hold this stock UNTILL ATR Alerts me to the fact that i may sell. I will not buy at these levels, rather wait for a pullback. They dabble in the office space which is negative, and will not be paying dividinds ll ATR
I Am tempted to buy in to the trade, Stochastics weekly and daily are oversold. i was in it shortly then got out as it was moving sideways, and also noted the possible head and shoulder which could take it down to the open gapI will wait and see how this place out as i think these are good levels to buy back in.It is currently resting on a strong support.I will...
Update to my idea posted 5 Feb 2021. I am still holding position. Stochastics not yet reached over bought levels. Bullish engulfing candle on previous week positive. Will wait on turn around candle or confirmation from ATR before considering a sell.
Update on post made 5 Feb 2021. Daily stochastic overbought, but weekly stochastic still way to go. While i would not buy at this time, i am holding on to current position. Will wait for turn around candle, or confirmation from ATR before considering a sell.
Exxaro is highly overbought on monthly, weekly and daily charts. Rising wedge forming on daily chart is bearish. CEO says they will be making no further investments in coal. 10 ships currently waiting to berth cannot off load due to lack of trains to Ermelo. This means we are importing coal, which is negatively affecting Exxaro. Will not buy at these levels and...
Not much happening on this chart since forever. Will wait for a breakout of this sideways channel, and channel within channel, before i consider it for a trade.
Good results and meaty gains through the promise of stimulus injection. I will be weary to buy at these levels as we are close to 2011 highs. There are also a multitude of bearish engulfing candles over the last few days. I will wait for a much needed pullback before considering entering a trade.
Office space rentals. Fundamentals negative. Overbought. Long term sentiment to the downside.
Fundamentally a long term buy. Heavily overbought in the short term. Will consider entry after pullback to around R1.45 level. Also a potential rising wedge channel in the short term which is bearish.
All the same reasons i gave for my previously published idea on Anglo Gold Ashanti.