Naspers still looking vulnerable. Looks like a H&S technical pattern breaking on the daily chart. If this works out, we could get as low as 1900!
Nice break on BLU on the back of a good trading update. HEPS for the 6 months to 30 November 2021 expected to be up by more than 20%.
TGA printing the same kind of 'bearish engulfing' candle that it printed on October 6th 2021 before price retreated by at least 37%. Next support comes around 100.
Price approaching previous breakout level around 250c. RSI approaching oversold territory!
Rounded bottom technical pattern breaking out on the daily chart; should target around 72.
200dma lost, as well as a 2-year old trendline dating back from March 2020. They say "nothing good happens under the 200dma". I won't be surprised to see 30 from here
Pennant structure attempting to break. The 200dma need to give in to give bring the trend back up!
Has been consolidating for quite some time now. Need to break that 350c-360c to get going again.
Positive price action as price tries to establish itself above the 200dma. Brings 72 in sight!
TP target of 100 reached in yesterday's session. Also traded to a high of 100.50 in today's session. Original ideal below
With most people exited about Pepkor's latest acquisition in Brazil, I can't help but notice a bearish Head & Shoulder technical pattern developing on the daily chart; which will be confirmed a break of 2100c support area. Market generally doesn't like acquisitions; could this be an exception?
A break of that confluence or resistance around 85-90, should be the break that's needed for oil to trade above 100. I'm calling it 120 in 2022. #Monthlychart
Price approaching 40 support level which can be used to accumulate (depending with one's level of aggression of course). Next support comes in around 36.
Uptrend still intact as price bounces off it's 200 day moving average!
Depending with your level of aggression, current levels can be bought in anticipation of 1300c holding as support. next support comes in at 1200c.
Pennant break on the daily chart targets 700. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Pricing slicing through incline, and then horizontal resistance in 2 sessions. Next challenge for bulls is the horizontal resistance around 80. *RSI getting overbought, pullback possible.