KoosKanmar

KoosKanmar

Nasdaq 100 futures is currently on support Expecting a little bounce here If support breaks, then next line of defence is a thousand points lower Markets look weak

KoosKanmar Updated 

Possible inverted head and shoulders building on the ZARUSD Neckline is at 19,35 If that breaks 21,17 becomes a target These head and shoulders formations usually takes a while play play out Patience required

KoosKanmar Updated 

The Nasdaq100 has run hard in 2023 What we are seeing now is a pullback with first support only 1000pts lower. This pullback can easily extend to -10% to -12% off the recent high and still look mediocre on the larger long term chart. Some patience required

KoosKanmar Updated 

I have been watching this one consolidate all year and finally got a buy signal yesterday. Added some yesterday and will continue to add today. Targets are 4618 and 5200. China remains a difficult market to track due to intermittent Chinese regulation and government interference creating negative publicity and resulting in uncertainty and perceived risk for...

KoosKanmar Updated 

Maybe time to relook at an entry price if support holds. Support held twice before and if it can do it for a third time, 70 could be on the cards again Giving this another day or two to confirm support

KoosKanmar

Uptrend dating back to 2016 break on the weekly chart. Support at 5850, and if that does not hold, then next support around 5200. The last time this uptrend was broken was during COVID. Ominous looking chart

KoosKanmar Updated 

$ weakness due to lower inflation figures has led to a bear flag break on FX:USDZAR The target price for this break is 17,63 US economic soft landing in progress, and that is good for stocks

KoosKanmar Updated 

USDZAR Target reached of R19,52 Looks like this might go back to test the inverted head and shoulders neckline @ R18,65

KoosKanmar Updated 

Sell in May and go away... Target met, double top and top of an ominous looking rising wedge Time to sit on the sidelines or a short punt

KoosKanmar Updated 

Two technical patterns identified: Broken bull flag and a rising wedge $NQ! Looks like it's headed for my 13736 target and would even overshoot to test 14000 in the rising wedge scenario I would however become cautious above the first 13736 target because that target wil also indicate a double top

KoosKanmar

A govenment in denial over a power crisis Chickens are coming home to roost Target for this head and shoulder break is R19,53

KoosKanmar

Looks like it could be building a bull flag Wait for confirmation on the break Possible target if the bull flag is confirmed R52

KoosKanmar

Anheuser-Busch Inbev up 17,79% for the year to date Good performance. How much is left in the tank ? Bull flag break indicates a little more to go.

KoosKanmar Updated 

Nice looking bull flag break with a 13730 target That target will co incidentally also give us a double top Looking bullish at the moment Warning: Bull flag breakout could be tested

KoosKanmar Updated 

Fake break on the bottom of this channel Hoping for a $30 top of channel retest This one has been oblitereated after some poor earnings, and I'm hoping we've seen the low on this upward sloping channel I hold a position

KoosKanmar Updated 

STXRES broke back into the channel and retestd the resistance line. Bottom of the channel as a target is not a possibility. No position

KoosKanmar

Looking like a cup and handle with a possible target of $22.30 Handle still needs to confirm Breakout of the channel still needs to confim Holding a long term position in this one

KoosKanmar Updated 

Looks like a little bull flag in progress 1/2 Position can be taken at 1 1/2 Position when the flag breaks to the upside at 2 This way you limit your risk if the flag fails below 1, but allows a full position if the the flag breaks to the upside through 2 A fake break will also be mitigated by closing the position if it falls back into the flag pattern after a...