KoosKanmar

KoosKanmar Updated 

Anheuser-Busch InBev broke from a downward sloping channel and formed what looks like a bull flag It has now broken out of that bull flag with a target of 12400

KoosKanmar Updated 

Looks like me might be building a bear flag. A break of the flag will see us go back to test R16,28 levels.

KoosKanmar

Major selloff in natural gas in the last couple of months. January almost looked like a caputilation month based on the volume traded Curretly on support, and maybe time to put some toes in the water Trade small, stick to a stop loss Expect volatility

KoosKanmar

Consolidation since Nov in anticipation of better economic news ? Self fulfilling prophecy as better economic news will also mean inflation for longer Support held around the 10830 levels Resistance and more resistance above at 11500 and 11950 levels FED I guess will dicate if we get a resistance break and a bear maket rally, we consolidate further, or we break...

KoosKanmar

Nasdaq tested upper levels on a few occasions, and failed The expectation is that if we move to resistance levels around 11550 and even 11750 and that resistance will hold Support around 10775 should follow after that

KoosKanmar Updated 

Looking bullish First target 35,19 Second target 37,40 Stop loss below neckline

KoosKanmar

Interesting looking chart for gold. Needs to remain above 1720 Target is 1830

KoosKanmar

Bear flag break Moving back to test the neckline of the first breakout around R16,30ish. Target R16,28

KoosKanmar

Resistance coming up once again Will it hold this time around ? Huge volatiliy and still too much liquidity for a bear market bottom in my opinion Yesterday's action was partly because of short positions being squeezed 6-7% moves on major market indicies is not a sign of a heathy environment Be careful and don't get caught up in FOMO Stick to stop losses

KoosKanmar

Chart was never updated since the bear flag break Broke and retested breakout Target remains $12900

KoosKanmar

First target 11 Second target 11,70 Stop loss below neckline

KoosKanmar

History never repeats itself, but it does often rhyme - Mark Twaine Target 6100, unless we break resistance this time around.

KoosKanmar Updated 

Flag break at 11728 Targets 12640 & 13500 Stop loss if we break back into this flag

KoosKanmar

Resistance held for the second time around. A few scenario's could play out here We could form another bear flag in support of another leg down. We could move straight down without another TA formation Trend is down. We stick to it unless resistance is broken and we get higher highs. Be nible. This time of the year running into the next financial year is usually...

KoosKanmar Updated 

Yesterday was a typical knee jerk reaction to weekend news. Alibaba sold off to test $58 (-20%) early in the session, just to recover a bit and close at $63,15 I think the market got the fire sale on Chinese listed tech companies wrong I'm expecting a short term bounce to close some gaps that was the result of this sale Buy price $58,83 Target price is $69,50 Stop...

KoosKanmar

This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times. Best case scenario is support holds up once again and and we test the top of the channel Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines) If you go long, impliment a stop...

KoosKanmar

Resistance held and we have a lot of open air below Steep downtrend Targets are 9750 & 9000 Trade carefully, reduce size, apply risk management (stop losses)

KoosKanmar Updated 

R18 to $ looming. Just a question of time before we get to that target