A break of 13360 could open 14370 target. Wait for the break
A bit of an odd looking bull flag. Targets 550 & 578. All eyes on the Pepsico & Pioneer foods deal of which Zeder owns 30%
A break will open 3640 & 3790 targets. Wait for the break.
It looked like a possible bear flag was in the making, but a convincing break today resulted in that idea being put to rest.
Looks like me might be forming a bear flag, but difficult to say at this stage if it is indeed a bear flag. Will just have to wait and see where this one is headed. Lower levels target indicated on chart if bear flag becomes a little clearer and breaks to the downside.
A little room to move within this flag, but that combined with an inside day tells me more weakness could be just around the corner.
I'm sure the brothers Levy will not be inviting the Cell C salesmen for a braai anytime soon.
Aspen looks like it might have bottomed out for now. This could be a buy opportunity with a 8800 price target. Word of warning - Stick to a predefined stop loss in this market. Consider selling if the recent low is taken out.
I think a 120 target could be on the cards. Stick to a stop loss on this one if support doesn't hold in days to come.
Second bear flag break in this sell off. Target is getting closer.
Could be the start of a meaningful selloff....
On a little support and at the bottom of this multi month channel. Will it bounce or break. We wait for some bullish\bearish candles......
Will support kick in sometime soon ?
This morning was a good example of how a gap can be used to trap over eager bulls. They went for the gap close but that required a break of overhead resistance and more momentum than world markets could offer. The result was a 500 point u-turn that under the right circumstances could extend further.
Will we see a bounce ? Let's wait and see.
Breakout from a monthly consolidation channel. Looks like we are headed for 10500 again. LDT 27 Aug, Divi pay 2 Sep.