Chonkalonka

Chonkalonka Updated 

Target met for the Head and Shoulders trade on Renergen. Social media rumblings regarding the Renergen founders dumping stock on retail investors appears to have been a catalyst for the recent selloff.

Chonkalonka Updated 

Flight Centre Travel Group Limited is a travel retailer and corporate travel manager. It has its own leisure and corporate travel business in approximately 23 countries, including New Zealand, the Americas, Europe, the United Kingdom, South Africa, the United Arab Emirates, and Asia. The stock is listed on the Australia Stock Exchange. The price chart formed a...

Chonkalonka Updated 

Ageas SA is a Belgium-based international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account. The stock is listed on the Belgium Stock Exchange. The price chart has formed a 16-month-long descending triangle with the horizontal boundary acting as strong support around...

Chonkalonka Updated 

Plains All American Pipeline, L.P. is a midstream service provider. It owns a network of pipeline transportation, storage, and gathering assets in key crude oil and natural gas liquids producing basins and transportation. The stock is listed on the Nasdaq Stock Exchange. From the chart, one observes that the price has formed a year-long horizontal boundary of...

Chonkalonka Updated 

Van Lanschot Kempen NV is an independent financial institution in the Netherlands. The Company’s activities are divided into five business segments: Private Banking, which offers private clients and entrepreneurs a broad range of products in the private banking market; Evi, which operates as an online investment coach; Asset Management, which focuses on a range of...

Chonkalonka Updated 

Northrop Grumman Corporation is a global aerospace and defense company. The Company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Over the past 5 months, price has formed an ascending triangle chart pattern with the horizontal boundary acting as strong resistance around the $490.00 level. A daily close...

Chonkalonka Updated 

Hologic Inc is a developer, manufacturer, and supplier of diagnostics products, medical imaging systems, and surgical products focused on women’s health and well-being through early detection and treatment. The stock is listed on the Nasdaq Stock Exchange. The price chart formed an 11-month-long rectangle with the horizontal boundary acting as strong support...

Chonkalonka Updated 

Yamaguchi Financial Group Inc is a Japan-based financial holding company principally engaged in the provision of financial services, with a focus on banking services. The stock is listed on the Tokyo Stock Exchange. Over the past 6 months, price has formed a cup and handle continuation chart pattern with the horizontal boundary around the ¥773.00 level acting as...

Chonkalonka Updated 

Fukuoka Financial Group Inc is a Japan-based company mainly engaged in the banking business. The Banking business is engaged in the provision of banking services, such as deposits, loans, domestic and foreign exchange, among others. Over the past 4 months price has formed an ascending triangle pattern with the horizontal boundary acting as strong resistance...

Chonkalonka

Sumitomo Mitsui Trust Holdings Inc is a Japan-based company mainly engaged in the financial-related business. The stock is listed on the Tokyo Stock Exchange. Over the past 7 months, price has formed a rectangle with the horizontal boundary acting as strong resistance around the ¥4,350.00 level. A daily close above ¥4,430.00 will confirm the breakout from the...

Chonkalonka Updated 

A break above the current R5.30 - R5.45 overhead resistance would trigger an entry for the cup and handle trade. The full price target is approx R7.66 with a stop loss below R4.70 making for a good risk vs reward trade. Next set of results for the year ended 31 December 2020 are due to be released on the 4th of March 2021.

Chonkalonka Updated 

Sappi with a strong day yesterday breaking above R35 resistance and looking very solid on its way towards the R47.80 target.

Chonkalonka Updated 

Since the 7th of September Remgro has been making a series of higher lows off the support line in blue with price meeting the upward resistance lines in pink around the R101.30 - R104.60 area. On a fundamental basis, the last set of financial results published for the period ending 30th of June 2020 showed an intrinsic NAV of R154.47 per share which would imply...

Chonkalonka Updated 

Silver has rallied hard over the last two days and is now meeting the overhead resistance line around the $27.40 - $27.60 area. A weekly close above resistance can be bought with the RSI, MACD and Stoch ticking the boxes to enter the long trade on the weekly chart.

Chonkalonka Updated 

RLO is one of the better infrastructure plays on the JSE trading net-cash positive with a relatively clean balance sheet despite the COVID losses and impairments. Fundamentally the business has no debt and the valuation is modest with a forward P/E of approx 7.7 and a yield of 8.4% (*Estimates*). Cash flow appears to have recovered well post lockdown and export...

Chonkalonka Updated 

Telkom looks to be setting up a descending triangle with a price target that if met would trigger a symmetrical triangle currently 7 months in the making.

Chonkalonka Updated 

A bullish candle off of the current support would validate the current ascending triangle breakout and provide a decent entry into a 3:1 risk to reward trade. On a fundamental basis, HYP still looks to be a decent value play with a final dividend of 66 cents per Hyprop share (R3.75 for the full June 2020 financial year) with the last day trading being the 19th of...

Chonkalonka

Massmart reached a new 9 month high around Christmas after breaking out of the ascending triangle pattern but the price has since come down to test the ~R42.00 support. A reversal candle off the R42.00 support offers a high risk to reward entry back to the initial ascending triangle target of ~R48.60.