After a 5 month consolidation period, Nedbank has broken out and is now headed to a target around the 16500 area.
Brait formed what looks like a double bottom. Possible upside could be the top of the channel once again around the 400-430 levels.
Mediclinic has been trading in the same consolidation zone between 6600, and 5300 for 17 months now, with one breakout attempt in Oct 2019. The expectation is more of the same, and the 5300 level could present a buy opportunity with a 6600 target.
Italtile had a very strong start to the year, but lost some steam and are now forming what might turn out to be a bear flag. If this flag breaks to the downside the target will be 1500 -1450. Once again a great company that just ran too hard and is now taking a breather.
After a a very solid start to 2021, Cartrack has formed a bear flag and a break of that flag. Pullback target for this break is around the 4800 to the 4500 level. Good pullback level to asses this share for a possible long position. Great company.
Stor-Age is a solid property REIT company. It's well run and solid dividend payer. It's has been trading in a consolidation zone between 1280 and 1400 for 4 months now. Watch the 1400 level for a break higher. This company is not going to shoot the lights out anytime soon, but for a patient longer term investor that is looking for a good dividend payer, this is a gem.
After STXPRO broke what looked like a bull flag at around the 800 level, both targets of 865 and 916 (911 actual) have been reached. The ETF has since broken back below the 865 level and could once again start to consolidate between this 607 and 865 level unless some bullish looking pattern starts to emerge. No position currently and just watching.
After KAP broke the inverted head and shoulders neckline around the 342 level, it retested the breakout level and then moved up to reach the first target of 439 before it pulled back into what could end up as a bull flag. The flag still needs to be confirmed as it still forming. Watch this consolidation pattern carefully, as a 425 break could indicate that the...
After breaking from a very defined channel between 4500 and 3900 in mid January the share moved strongly to around the 5275 levels from where it started to consolidate in what looks like a bullish flag pattern. A break of this pattern would be very bullish and would be an indication that the price target of 6000 is within reach.
Zeder has been trading within a defined consolidation channel for 5 months now. The bottom of the channel at 250 was reached once again and acted as a support level for a bounce. Channel players could add at these lower channel support level for a top of the channel target of 275. Watching the top of the channel closely as the previous break in February turned out...
After a very bullish looking flag breakout around the 780 level the first target was reached on this share. The second target around the 916 level is within reach today. I'm expecting some consolidation around the the 920-930 levels after which I will reevaluate. Property have got a lot of upside potential after a few years of dismal performance. One to continue...
Nepi broke out of a bullish looking flag formation and has pulled back to test the support level of this pattern today. If this level hold, it will be a bullish signal with an upper target around the 13000 level.
After a period of consolidation between 2500 and 2200 this share finally broke from this pattern, reached the first target and then retested the breakout level. The second target for this pattern is now within reach around the 3050 level.
After the bull flag break at around the 13800 the flag was tested twice. The last test was around the 13100 level before a very powerful move to the first target of 16083. That level has now been reached. A second target for this flag pattern around the 16750 level remains.
After the cup and handle neckline break of 342, the first target of 443 was reached. Currently it's looking like it's consolidating a bit at this level and getting ready for a move to the next target of 500. One option could be to lock in some profit at this level and move your stop loss to the neckline breakout level in anticipation for the next leg up that could...
Master drilling has been consolidating in a flag pattern since the strong move up from 520c levels to 900c levels. A convincing (volume) break above 800c could see this share go to 930c and 978c levels. Warning: Low liquidity on this share could see some wild swings.
This share has been stuck in a trading range between 3360 and 2930 for 280 days. A break above 3360 will be quite an achievement and would indicate a target of 3800 to a level where strong resistance could be met. Currently this one is good for a watchlist only.
Weekly chart shows a defined uptrend with good support since the COVID selloff last year. Some overhead resistance at around the 3090 level, but slowly moving toward upper resistance around the 3700 levels. Maybe one to consider for the long haul.