Innocentmaponde

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What a comeback on Arcerlormittal. The stock was down more than -15% at yesterday’s lows as the market was reacting to its half year results. Those lows were rejected with the share making a 10% comeback to close only -4.59% down. With that being said, I like today’s price action for a move to 750c

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This could be an entry trigger on Shoprite for a move to 260. They released an Operational update earlier today, so it may be wise to give it 'The 3-day rule' first before initiating any 'Longs'.

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I personally don't like this stock because it's not liquid enough for my liking; but its currently breaking-out of a nice base. Next hurdle will be the 200dma around 2140c.

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This still looks like a buy for an initial move to 900c, followed by 1150c-1200c; in the medium term. Cup & Handle technical chart pattern in play. #Weeklychart

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Bear flag technical pattern breaking on the daily chart; which could potentially target 120.

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Another breakout on Thungela? Looks like it. I'm calling it a buy for a move to 360!

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Richemont looks like its setting up for a potential short term move to 200.

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Bear flag breaking on Implats. Should we close like this, it's a 'short' to 136.

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Head & Shoulder pattern developing on the daily chart, whose neckline is also acting as trendline support. Should it give in, it may take us to 370/380.

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Inverse H&S on the weekly chart could target 18.5 to the dollar. Price getting overbought though, so a retest (first) can't be ruled out before the possible move to 18.50.

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ARL seem to setting up for another move higher, potentially to 225. Bull flag technical pattern developing.

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Confluence of support giving on on ABSA. I'm calling it 125-130 from here.

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Buyers seem to be getting tired on Merafe. A bearish descending triangle chart pattern is developing whose neckline is around 140c. There also remains an unfilled gap around that140c area. If we lose 140c, 100c may be the next!

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Full short target of 40 finally reached. #Alwaystrusttechnicals *Original idea attached

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With the 20dma (last line of defense) having been lost on PPC, it could mean further downside. The descending triangle break points to 150!

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Naspers back above down trendline, as well as its 200dma, thanks to yesterday's move. But notice the massive gap opened. These technical gaps usually 'always' close. RSI also in overbought territory. I'm on the fence on this one; but I would wait for a gap close 1st before initiating a 'Long' position.

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INP seem to setting up for a possible move to 110.

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A break on that incline/trendline support (which is also coinciding with the 200dma) could point to 1600 next!