EOH is a solid recovery story and after a very good run in Q4 of 2020 is now consolidating in what looks like a bull flag. Watch for a break of this flag for a possible target between 1000 & 1100. No position. Wait for a flag break.
Currently trading off support and building what looks like a bull flag. Watch for a bull flag break for a 16000-17000 target range. Suggestion is to take half position now on support and another half when bull flag breaks. Stick to stop losses.
Gold recently broke from a multiweek range and gold shares followed. Watch Harmony after it broke from the range and is today testing that breakout. A lot depends on USDZAR weakness and the $ price of gold. Possible targets on the chart if this range break momentum is maintained. Looking bullish at this stage.
Sibanye came back yesterday to test the channel break level. Time will tell if this is just a channel test or a break back into the channel.
Need to keep a careful eye on that neckline for a break. More downside to come if, and when it breaks.
After a few weeks of expansion, Sibanye broke out of the channel on Friday. Bullish looking and a target of 69-70 are on the cards. Stick to stop losses.
Famous Brand was beaten down from 7000 levels to 2000 level on COVID news. Since then it has been on a upward trajectory with resistance around 5000 levels. Watch for a break of that 5000 level and a daily close above that level for a move to higher levels. Targets would be 5450, 6370 and eventually a reclaim of pre COVID levels. No position.
Brait was hit hard by COVID news and has been stuck in a channel for months now. That channel range is 258c to 429c. Keep an eye on the upper 430c level for a possible breakout in future. A breakout will open 600c as a possible target. No position.
Good looking bull flag broken and 1340 looking like a likely target.
Nice tool to hedge a portfolio. Take note of the 3x gearing. Starting to look interesting. Breaking back into falling wedge today.
Target for this flag break would be 1340. Wait for a break
Bullish looking formation forming on KAP. A 340 neckline break could open 440 and 500 targets. Keep an eye on the 340 level in coming days.
On a weekly chart Coronation looks like it's breaking back into the longer term channel of 4900-3600. If it can manage to break out of this channel convincingly then 6000 could become a target. Neutral until then.
Aspen broke what looks like a bull flag around the 12900 level. Possible targets for this flag breakout is 13330 & 14670
EOH had a good run lately and is looking good to test pervious highs. 800 could come up sometime in the future once again. The market likes to test previously tested areas like the 800 level.
R15 to $1 seems to be longer term support for the USD. We are very close to that point.
Downtrend break, retest and looking set to test 268-269 in the near future. I have a position in STXPRO.