Bullish ascending triangle developing on the SHP daily. Confirmation is a break of the R130 resistance area, which also coincides with the 50dma
Not the most liquid of stocks, but I'm closely watching that falling wedge pattern, a break of which could target R140 and above.
Seeing a bullish double bottom technical chart pattern on the EXX daily chart. Waiting for a confirmation in the form of close above the R136 resistance area. Watching for now!
Was previously a 'beneficiary' of that run from below 12000 on the DAX. Now it looks like it's setting up for another run higher; with a bull flag on the daily chart. Would be interesting to see how that plays out
After setting a new all time high last week, we got a pull back with the share hitting lows just below R210 in yesterday's trading session. That price action has resulted in a technical chart pattern that looks like a bull flag; which could break-out today should we get a close higher than current levels.
The DAX is breaking out of an ascending triangle pattern on the daily chart. I'm long current levels, targeting 12300 as 1st target. Further supporting my bull case is the broader weekly chart which is showing a potential bullish engulfing candle (should we close at or above current levels).
I'm previously 'guilty' of banking my previous short on NED early. But the same set up I took my previous short on, the bear flag,has presented itself again. I'm short from R219, I'm targeting R200. If the trend is indeed your friend, then I should be on the correct side of the trend.
Having missed the 'short' opportunity on the break of that H&S neckline, CPI seem to be consolidating for a further move lower. I'm patiently waiting for a break of that consolidation range to pull my short gun!
Coronation looks to be in a bearish consolidation on the daily. A break of the R44 support area could expose its most recent lows around R39. A bounce towards the upper channel cannot be ruled out though; but I’m favoring the bears here.
Rising wedge pattern on the Weekly chart. Last week we got a break to the downside of the wedge pattern, with the week's candle closing below the wedge pattern. This week we look set to close below that level again. *I'm short at R189, targeting a price below R175.
A break of that bear flag may expose the R230 area.
Daily chart not looking good, horizontal and incline support seem to be giving in.
I was unfortunate to be stopped out of this BID short trade last week after that spike to the R329 level. Price has since come off from those levels to current levels below R310. Looking at the broader weekly chart, last week’s candle is a bearish engulfing one, which suggest to me that more down might be coming in the coming weeks. R290 or below remains on the cards.
ZAR is strengthening, global stocks are high, tracking the positivity out of the Trump-Xi meeting at the G20; and we have bullish bull flag on the Absa Daily chart. I’m still monitoring for levels, but I’m anticipating a break to the upside.
Bullish consolidation on the TRU hourly chart? Only time (and of course the ZAR) will tell!
Quite a strong move from the sub-R290 levels about 2 weeks ago to its current levels. I’m going short at current levels (R315) for a move to below R300. A breach of the resistant area around R320.70 will be my signal to exit; so my SL is set around R323/R325.
Amplats enjoying a good run from it’s recent lows below R650 to test highs above R700 in today’s session. I previously missed the move from R730, but I’m still bearish this stock. Price may overshoot the R720 resistance area, but I will take that as a chance to get better entry. I’m looking to trade it as follows: Short at R720 (or better) TP at R600 SL R800
Potential H&S pattern in the making; R287 neckline critical area to watch.