Dumz

Dumz

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.

Dumz

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.

Dumz

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...

Dumz

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

Dumz

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...

Dumz

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.

Dumz

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.

Dumz

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...

Dumz

A strong bounce off the bottom of the current range and a golden cross looking likely with the 50MA set to cross above the 200MA. The first target would be the top of the current range at around R57.00, if broken to the upside and held, the second target would be around R64.50. Tight stop loss with a daily close below the current trading range around R49.30.