KoosKanmar

KoosKanmar

Buyers getting in on any weakness. Very good sign on the Sasol side. 315 is coming. Bull flag break on the hourly chart gives us a better view on how our target will be reached.

KoosKanmar

Currently looking like a possible bull flag forming, but early days. Break would open 1775, 1870 targets. Wait.

KoosKanmar

The full bull flag target has been reached. This could also be a double top. Expecting some consolidation and the market to start rolling over. Take care with any new long positions.

KoosKanmar

Intu Properties initially looked like it broke a inverted head and shoulders. This is a bullish sign. Even the neckline retest looked in order. Then the neckline broke, and today a big sell off. Always adhere to stop losses when technical signals become null and void. It can save you a lot of money.

KoosKanmar

October proved to be a good month, but we are getting close to overhead resistance. Need to keep our eyes on the ball this November & December. Maybe time to lock in "some" profit into strength and consolidate as we anticipate the next set up. Protect you trading commodity (money) always the first priority. This does not mean we can't go higher, just that I...

KoosKanmar

Looking set to reach a 315 target

KoosKanmar Updated 

Some wild daily swings on the TOP 40 in the last couple of days. Longer term however it looks like it building some bullish formations that cannot be ignored. Inverted head and shoulders and now what looks like a bull flag. Let's see where this one is headed.

KoosKanmar

After a terrific run by Sasol based on positive news, Sasol has pulled back to test a downtrend breakout level. If this level hold, 315 could become a target.

KoosKanmar

Neckline break and retest. Targets 14500 & 15100

KoosKanmar

Target if this this breakout does not fade is between 1769 - 1800.

KoosKanmar

Forming a rounded bottom consolidation pattern. Wait for a 3000 break before entering this trade. Patience.

KoosKanmar

Giving this one the benefit of the doubt because of buyout talks. Keeping for a little longer.

KoosKanmar

After a 30% ride, I'm locking in some profit. Waiting for a pullback. Think this one has more to give.

KoosKanmar

Dropping this trade.

KoosKanmar Updated 

Adding to current position. Targets 13660, 14211. Stick to a stop loss if we break back into the flag.

KoosKanmar Updated 

Talk of CCO being subject to a possible takeover target resulted in a multi month consolidation channel being broken convincingly. Speculative buy. Stop loss at break back into channel.

KoosKanmar Updated 

Could en up being a buy level if support holds. Stop loss on daily close below 26670. Target 28500. Good risk reward.

KoosKanmar

Bigger picture is a neckline test on the TOP40. If this level hold, more upside to follow. If it fails, it could be followed by a quick selloff as longs scramble to get out.