The stock is in just commenced with wave 5 of (5). I anticipate a further rally to R80 region. The current rally comss after a 335 expanded flat correction at wave (4).
The dividend darling seems to be completing a wave 4 of (3) with a running flat. I anticipate a rally to around the 80000c region.
We just had a double bottom on this stock and it closed the month of July with an engulfing candlestick, which signals bulls power. It completed a zigzag correction and ready to commence with wave 3.
African Rainbow Minerals has completed a running flat in wave 4 of (3) and ready to commence with wave 5 of (3). I anticipate termination at 261.8% Fibonacci level.
Bitcoin just formed a converging triangle, yet to be confirmed. I'm looking for a drop to 21480 region.
I've been monitoring and trading this stock for a over a year now. The Head and Shoulders pattern seems very highly likely. July closed with a pinbar on the left shoulder resistance, i anticipate the bearish run to continue.
Aussie is commencing a wave 2 correction and we anticipate a termination around 0.6846-0.6806.
Alibaba broke out of a year long descending channel, is this a breath of new air in the Chinese tech giant? An end of a downtrend is confirmed by a break of the declining trendline, we'll wait for a new HH to be created then we can be confident in this move.
I believe we gonna see a retracement to around $166 to complete the B wave, then we'll see a C wave drop.
Aspen is still in a descending channel that is likely a handle of the Cup and Handle pattern.
The current rise in Naspers, and Prosus, is as a result of the announcement that they are slicing their stake in Tencent to fund Prosus and Naspers share buyback program. This rise seems to be completing what seems to be the formation of head and shoulders pattern. After Naspers share price suffered a hammering due to its exposure to China, the share buyback seems...
ETRN is completing the last leg of the C wave of the flat correction. I believe we are going to get an irregular flat with inner subwave 5 of the C wave terminating at 78.2% fib level.
The stock is retesting the neckline of the inverse head and shoulders pattern. It is also filling the liquidity void created during the break of the neckline.
Given the unfolding price action at the moment, i think Barloworld has found support at 9000. Should things turn out otherwise, the next support is at 6000.
Bell Equipment trading near dynamic support of the ascending channel. If the support get violated, we can expect 600. If the support hold, we can expect 2000. Just my mind.
Adcorp Holdings has been in a bullish flag for sometime and it is breaking out for a free run to the upward.
The stock closed the previous trading week with a doji candlestick at the trendline support of the rising channel, in confluence with a minor horizontal support at 54.78. A breakout to the downside will trigger a sell-off. We are awaiting a bullish candle confirmation since we got a reversal candlestick at a key level.
The stock closed the previous trading week with a doji candlestick at trendline support, in confluence with a minor horizontal support. The trendline support is the lower boundary of the rising channel. If price breakout to the downside, it will trigger a sell-off. We are awaiting a bullish candle confirmation since we got a reversal candlestick.