KatlehoThaba

KatlehoThaba

The pair has completed wave 2 and it is commencing with wave 3. There's an unmitigated order block at 1.0872 price level, which is a high probability price of interest.

KatlehoThaba

We believe the pair is completing wave c of X in a WXY correction and we'll be looking for selling opportunities upon wave c termination.

KatlehoThaba

I'm anticipating an inverse H&S pattern on this stock over a long term. The channel will provide a critical support levels from which we expect the stock to bounce.

KatlehoThaba

The stock is completing the "b" wave of an abc correction of Y. We anticipate further drop to $120-$100.

KatlehoThaba

The stock completed a Leading Diagonal at wave A and looks set for a minor rally to complete B wave of an ABC Correction.

KatlehoThaba

Bull cycle complete, now it's correcting. The market moves in cycles/waves, Impulse and Correction.

KatlehoThaba

I believe the stock has completed wave B of a zigzag Correction. It closed the week with a Dragon Fly doji at 161.8% Fibonacci ratio. We have 5 sub-waves on Wave A, 3 sub-waves on wave B and I'm anticipating 5 waves down to complete wave C.

KatlehoThaba

The stock is showing a bullish flag. It is always safe to wait for a breakout to confirm the pattern before you can take any decision.

KatlehoThaba

The stock, just like most that rallied pre-lockdown, is completing Wave 4 Correction. After a Correction comes a rally.

KatlehoThaba

It seems we are still going for new highs, 50k on sight.

KatlehoThaba

The stock is in a Corrective structure. It is best to wait for a breakout because Corrections can become complex and take longer than expected. After Correction i anticipate a rally to around 8000c.

KatlehoThaba

We are +70% up on this stock. It is currently unfolding in what seems to be a possible 335 Correction in Wave 4, with a "b" leg yet to complete.

KatlehoThaba

Despite a backlash from mainly the minority community for its labour policy, Dis-Chem is edging higher. The stock is trading in a triangle, a corrective pattern that resumes the prior trend when complete. A breach of 3600 will be our confirmation level.

KatlehoThaba

With interest rates high, and continually increasing in an attempt to curb inflation, banks will be the biggest beneficiaries. Capitec bank continue to smash new records, outclassing it's peers or the biggest 4. It has recently added Mercentile Bank to its balance sheet and it will be focused on business banking, also it has launched Capitec Connect, a mobile...

KatlehoThaba

The stock is trading at the Supply zone and we are likely to see the last leg to complete the multi-year Correction. I'm only lookig for selling opportunities here.

KatlehoThaba

The stock is trading inside a descending channel is what seems to be a termination point for wave "C". It will be better to wait for a channel break and a safety zone to be created outside that channel. A safety zone is a little correction/consolidation structure that get created outside or after a channel/trendline get broken.

KatlehoThaba

The stock is in what seems to be a triangle, we have leg "d" and "e" to complete before we can take any action. A triangle is a Corrective pattern of which a prior trend continues after it's done forming. At the time when interest rates are rising rampantly, banks are one of those who will benefit.

KatlehoThaba

Sanlam is in what looks like a 3-3-5 Elliott Wave Correction. It has formed a Head and Shoulders pattern, but yet to break the neckline. We can see a drop to 2000 region should the neckline break.