The target for the bull flag break on gold is in the region of 1690-1700, but you can also expect an overshoot or undershoot. Precious metals can be very volatile in risk off markets. I currently have a position in Newgold ETF.
After a recent channel breakout on some positive Lake Charles production numbers the channel support line was successfully retested and held. This is a positive bullish sign. Longer term buy.
This could pose a long opportunity with price targets of 55 & 60. Take care with stop losses as the commodities and precious metals markets seems to be quite volatile at the moment.
Alert triggered. If Supergroup closes above 2950 today, that level will most likely become support in a move to 3200.
South Africans should brace themselves for a possible big hike in the price of petrol. Weakening local currency, bounce in oil price and hefty tax levies can create a perfect storm.
Gold looks like it's testing the upper resistance level of a possible bullish looking flag pattern. Looking promising. Also see Newgold # GLD chart for a possible buy opportunity.
Dow Jones Industrial Average reaching an important resistance point once again.
Newgold had reached some support after consolidating in a falling wedge pattern. Longer term investors can start accumulating from the viewpoint that support will hold, and that the falling wedge will break to the upside. Gold futures is looking bullish, but the USDZAR needs to play along.
Neckline break would have an -1% downside target. Wait.
Bullish looking flag break by Apen. Adding for a target of 12700 & possibly 13350
After a good run and neckline breakout this one consolidated for a while in a what looks like a bullish flag. That flag has now broke to the top. Adding to current holdings with a 2140-2150 target price
ALSI had a good run in December. Current level 57880 is a top that was reached three times now. The first two times signaled a a sell off that followed. Take care in adding new positions. It could go higher, but upside is limited in my opinion.
Upside 29700 target reached. Will keep an eye open for a 29700 breach and how the buyers react.
Waiting for 3000 break. Currently consolidating with a rounded bottom.
Looks like the bottom of this large channel is now in play.
Sasol currently traded in a defined 255-297 channel. Consolidation usually leads to a move higher or lower. Immediate downtrend seems to have been broken and tested. Buy with a target of 297. Sell with a daily close below 250.