Looking at the Monthly chart we see price testing the lower bounds of the trend line at the 20500 level. If we zoom into the weekly chart a bullish wedge price pattern is forming. If we zoom in yet again into the daily chart price has just closed above the EMA200. This is a decent spot to take a long position with an R/R. Always manage your risk. acolytetrader.co.za
JSE:LHC #Update on 17 Oct 2021 we posted a watchlist alert about this stock. Price went on to make a series of lower highs and lower lows eventually finding support at 2100 level, bounced higher and recently closed below EMA200 on the weekly chart. There is also normal bullish divergence and the IHS is still in play here. We are watching the stock for bullish PA.
Price breaking out above SR level at 22400. Tertiary trend is up. Decent spot to acquire risk here. Manage your risk
Price testing 70000 level and pulling back to 65500 forming the beginning of a symmetrical triangle setup. Watching price action for long opps to add to my pos.
Strong up trend in the stock with price testing the SR levels at 12000 and pulling back forming the beginning of a a bull flag setup here. Watching price action for long opps to add to my position.
Price coming breaking higher from this C&H price pattern into an area of interest for buyers. Good spot for a long pos here with a decent R/R. LT trend is up. Always manage your risk.
Bullish price action with price closing above the the EMA200 then breaking out again to close above the SR level at 19000. Looking to reclaim the levels prior to 2020 market crash, will be watching with great interest as 20000 is a big psychological level. Keenly looking for setups here.
Price forming a C&H price pattern here closing above the EMA200. There is a decent 1:5 R/R if the setup plays out. The LT trend is down Watching this closely. Always manage your risk.
Bullish price action here with price at a 52WH approaching the ATH and testing the 3800 level. This is a decent spot to add some if you already have a pos. As always manage your risk
Price struggling to close the divi gap and is now trading in this range. Looking for price to break the range with a close >4000 for a long.
Price is forming this ascending triangle. The LT trend is down so taking a long pos here would be trading against the trend. There is a 1:6 R/R ST. Manage you risk accordingly
A LT view here . Price testing key technical SR level. Looking for price to close >15400 for a long pos.
Price has broken the triangle price setup and closed above the EMA200. Decent spot for a long pos with 1:8 R/R. As always manage your risk
A LT view here. Price has tested SR at 4600level and moved higher but needs to break the downtrend and close above the red trendline to continue bullish price action. Looking for a close >5700 for a long pos. There has been a recent MACD bullish cross on the weekly chart if you use indicators. Watching the stock here. As always manage your risk
Price here on the monthly chart testing the trendline and bouncing higher. Price at a new 52Week high and if we zoom into the weekly chart we see 5300 an SR level and 7000 the next SR level to watch for price action. Also note the stock is overbought on the daily chart. A decent spot for a long pos here. As always manage your risk
Strong uptrend in BHP, price breakout looking good. Not the greatest spot for a long here as good R/R difficult to set post the break higher. Any pullbacks before testing 51500 level without breaking the trend would be a buy.
Price is back at weekly highs of 2016. Nice ascending triangle setup and price breaking higher. Good spot to take a long pos, but remember the stock is illiquid. Always manage your risk.