AfroTez

AfroTez

Purple Group could reach R1.80 by years end or at the very least still stay around the same price range if recent technical patterns are anything to go by. By at least September we should see another massive price activity and lets hope that activity is not a break in the pattern. If not then there is a good chance the next movement will be to beat the R1.60 mark...

AfroTez

ACL has had a massive year. Growing by around 560% since Jan and 1650% since its peek bottom at 36c. It has currently met hard resistance at R 5.60 with has held on previous occasions, notably in October 2018 and December 2017. If this barrier breaks we could see a further exponential growth to the next resistance line at R6.80. Seeing that this is basically a...

AfroTez

Aveng this past week finally managed to break the 4c barrier which drove excitement across the market as this was an instant 25% jump for those who managed to get in at 4c per share, I being one of them. In terms of earnings and operations, the company seems to be at the turnaround point especially after posting profits after years and years of negative...

AfroTez

Sygnia 4IR ETF currently at a downtrend since mid Feb which is not surprising as many stocks lost alot of value since then, especially the smaller cap companies. This has then obviously had an effect on this particular fund. As it stands, it is still looking very bearish at the moment with no sign of when it might end. Looking longer term(3 years plus) this is...

AfroTez

SSW has a very strong uptrend support line producing very predictable fluctuations and rebounds. Over the last year Sibanye has time and time again rebounded on the uptrend support and we wouldn't want to bet against the market and rather go with the flow. With that being said, SSW is currently at a dip and heading towards the uptrend support and quite close to...

AfroTez

Discovery has been on a gradual uptrend since 2008 and seeing more volatility and trading activity around 2013. Since then it has only broken uptrend support line last year during the lockdown impact on the industry as a whole. The good news is it quickly recovered and went back above the support line and is currently sitting very comfortable. However on the down...

AfroTez

Expect a dip after dividends. Generally still in an uptrend and not expecting the coming dip to be a catalyst for a trend change. Seeing the general growth, the upcoming dip would be a good time to buy in. We will relook at the stock movement after the payment.

AfroTez

PPC has hit a ceiling at around the R 3.25 price range which we identified as a major resistance. Closing off the week at just under 3 rand the share still looks very strong. If the share price breaks the R 3.25 resistance there might still be the R 3.50 which could be the last line of defense from a strong bull run. For now we can expect some moderate growth, at...

AfroTez

As predicted Sasol took a bit of a breather possibly due to the slowing oil prices as well. If we are going by the pattern(which is what we used for the prediction on the last analysis) its only a matter of time before the share price pops. Positively hopefully. Vaccine roll out is looking very good in popular first world countries and this could expedite the...

AfroTez

If you didn’t buy in at the R1.80 point, its safer to wait for a pull back. Big news on PPC has contributed to the sharp rise in share price as PPC had a positive feedback on its debts as well as a surprise in earnings. This rally could continue for a week or two and we know how this story usually ends for new investors trying to catch the train. Strong support...

AfroTez

CLH showing a gradual increase from peak bottom of R2.30 and currently sitting at R4.00. In increase from this point to R6.00 resistance would yield a 50% increase although it would be a long risky ride. Share price is still a fraction of what it once was but lets not forget the share price has been on a downtrend even before the first covid lock downs. The all...

AfroTez

Capitec seems to have hit a cap at R1500 and is currently caught between R1500 resistance and R1300 support. Its holding up pretty well as compared to the previous time the share price was at this level. It seems there is a general consensus in the market that this is a comfortable price level for the share. A decent time to buy as well. Better to buy in closer to...

AfroTez

DRD struggling to recover beyond R15 price range and a far cry from its peak price. The focus is certainly not on Gold stocks or commodities right now especially from Retail investors. A price increase from R14 to R15 will yield a 6.6% increase and chances are like the pas months price my fall again to sup R14 levels. On the positive side the price is reluctant...

AfroTez

The once uptrend support line seems to have become and uptrend resistance. Purple Groups trading volumes seem to to have increased(unsurprisingly) and we saw the price dip below R1.00 today. Hopefully not a sign of things to come but could be likely. Another week or two and we should have a clear picture of what will happen. My idea is that like before, investors...

AfroTez

This month PPE has managed to break both Support and Resistance lines that have caged the price since mid December although the support line break can be considered a false break. On the other hand, the 90c resistance was broken in a spectacular 25% rally and peaked at 98c momentarily before coming down to rest at 91c. Resistance has now become support as...

AfroTez

Its safe to say that as of 01/12/2020 Sasol share price had a trend change as it officially broke the massive down trend resistance that as been there for a couple of years. The share price now sits comfortably above the R200 price mark and up almost 1000% from a year ago. They decided not to go through with a rights issue, the oil price is sky rocketing and debt...

AfroTez

I know what you might be thinking... dont do it! Speculation in the media is that the rocket rise of Steinhoff is because of the GameStop saga. I doubt it as this has happened with Steinhoff before and it’s nothing special. Sooner or later the price should fall back down so i would not partake in this one. Looking at a day chart would reveal this rocket rise is...

AfroTez

Redefine proving to be quite volatile seems to be repeating its patterns from before. Strong rally followed by a drop(Sometimes steep) and the share price. A support line at R 3.10 seems to be holding well but if the past is anything to go by, it would be safe to assume the share price might drop further. Redefine seems to be moving heavily on news, which can...