Big consolidation break today and the share is up 13%. Possible target for this flag is 7600. Maybe wait for a bit of a pullback before entering into this ?? For the cowboys among us only. No position for me, but will wait for dip buying opportunities. Speculative.
Discovery has been in a clear downtrend since Mar 2018. The weekly chart looks rather bearish and a possible target looks like 8500 in coming weeks/months.
235 Target reached, but going to let this one run a bit until I see some bearish/consolidation signals. Trading this trend right to the end.
Sasol broke this channel and retested today. Targets on the downside is 21400 & 19200.
Possible target for this bounce is 12200. Break and daily close below support line will trigger a stop loss.
Weekly chart showing some promise with a bull flag. Possible target 282, if you can buy at a decent spread level. Low liquidity problem here, so don't over commit on this one. Sell if we break back into this flag within this week.
Shares worth buying on the JSE have become hard to come by these days. MTN could be forming an inverted head and shoulders here. Watch for break of the 8990 neckline for possible 9590 & 10050 targets.
Bearish looking candle in progress. Could be an early indication that some weakness that could follow. Share has traded up very strong, so wait for confirmation like and evening star or a shooting star pattern before trying to short this share. Possible downside target could be around 3900.
This trade is not for orphans, widows or people with strong stomachs. Stop loss on daily close below 440. I like the support that kicked in on this share and the blow off volume we got yesterday. I'm taking a very speculative punt on this share with a target just above below 600. There will be no medicine or ointment for stupid if don't play this with risk only....
Deutsche Bank to sell first contingent convertible bond in 6 years. A sign of confidence ? If this dog can remain above the 950 level, then 1100 and 1250 could be the next two targets.
$60 could be a next target
From R180 to R5,60. Breaking through support again and again and again. Stick to stop losses at all times. Hope is not a trading strategy.
After a fake channel break , and a 61% retracement, I expect some weakness to trickle through.
Transaction Capital looking bullish. Possible break to the upside will open a 2500 target level.
Still early days, but wait for a challenge and a break of 38400. Could confirm a double top and a possible head and shoulders break.
Weekly chart looking like it wants to move higher. Wait for a 1440 resistance break.