Innocentmaponde

Innocentmaponde

What a move on Wescoal, exceeding my 1.30 target!

Innocentmaponde

H&S pattern working out as expected; broke neckline support, came for a retest, rejected at previous support (now resistance), and the move lower continues!

Innocentmaponde

Gold is flagging on the daily. Should the bear flag break lower, target could be 1700.

Innocentmaponde

Technical H&S on the daily, that could target 1.33. But make no mistake, until the 200dma gives in, the trend is still up!

Innocentmaponde

Incline break on Wescoal daily, could target 1.25-1.30.

Innocentmaponde

1.85 resistance taken out, could target 1.90; and probably 1.95.

Innocentmaponde

H&S confirmed with today's close below neckline support. But with RSI approaching oversold territory, I would wait for a potential retest of (previous) support as resistance before pulling the trigger; Its not 'advisable' to 'short' an oversold market.

Innocentmaponde

Price bouncing off 200dma!

Innocentmaponde

Price up against the 100dma which is known as the 'buy the dip/short the bounce' level. Can it (100dma) play that 'short the bounce' role again this time, like it has done on 4 occasions during the past year? For as long as the trend is down, I'm bearish on the pair.

Innocentmaponde

Price attempting to break out of what looks like a bull flag structure; which break could take price to the 133-135 resistance area, an area buyers have failed to clear in the last 3 years!

Innocentmaponde

Price approaching 120 support. With RSI in oversold territory, could we get a bounce from here? I reckon so, though a lot depends on (spot) Gold prices.

Innocentmaponde

Bull flag confirmed on the daily chart; measured target is around 1.1150-1.1200

Innocentmaponde

Broke out, came for a retest, and now the rally continues. Should target 65-70 in the short term.

Innocentmaponde

H&S finally playing out after the choppy price action that followed after the initial neckline break (when I spotted and published the set up). Price moving towards the 165 TP area.

Innocentmaponde

Issues to do with their complex shareholding structure (which top SA asset managers has teamed up against) aside; technically it Looks like a Head & Shoulder technical pattern is forming on the Naspers daily chart. If confirmed, it points to 2,200.

Innocentmaponde

Bitcoin daily chart not looking good. Bear flag currently playing out, with a measured target around 10,000; 30,000 support level currently being breached; and we also have a death cross!

Innocentmaponde

A break of the 166 resistance area will provide an opportunity to join the uptrend!

Innocentmaponde

Double top technical structure played out well. Now its up to the 200dma to keep the uptrend going.