Truworths getting close to the lows of the financial crisis 2008-2009. No position.
Implats giving it's 202% share appreciation since May 2019 all back. 68% drop in a short period of time.
Might find some support, but I think it's inevitable that it will be tested and retested. I cannot see this long term bullish trend line will last very long.
37500 34600 33000 Sometimes we forget how bad the fin crisis actually was. We reached a low of 18000 in that period.
Now to see if that support holds.
Massive break of support, and open air below. We need to break back into 41k levels soon or even more weakness will follow.
This needs to drop another 3.5% before the long term bullish trend line is reached. A lot of hot air being let out very quickly in US markets at the moment. Tax cuts, QE, rate cuts. At some point in time the chickens need to come home to roost. US markets can only function in isolation for so long.
ALSI visited this 46 000 level in 2014 and 2016. The question now is whether we'll find some support on that level. 500 pts to go.
Not claiming I saw this coming, just that on a chart it makes sense now (after the fact). I'm adding for a bounce.
One share that could possibly benefit from COVID-19. Inverted head and shoulders break with a neckline test. 2200 could become a target. Stick to stop losses in this market.
Trading on a long term support line. Could we find support in this volatile market and bounce off support ?
Targets if we don't break back into this channel soon are: 16.78 & 17.33
SAA going downhill fast. Comair has been a good channel play and also forming a base for a bigger move. Expecting this to test the upper boundary of this channel soon.
Probably an industry that will be greatly affected by the Corona virus. Stop loss should trigger at daily break of this channel.
If resistance fails on the weekly, I think we could test support around 50 000 in the near future. Sell rallies if we can't break resistance.
This one is a slow mover and sometimes suffer from low liquidity, but despite that it's been moving in the right direction for the that couple of months. Bull flag break target would be 11680.