Based on the upward sloping line, ZAR has reached support (support held) and in all likeliness will continue to weaken against the USD
First target (5825)of this bullish flag breakout met Seems that we have a bit of consolidation at current levels Second target 6163 still looming
From fake move comes fast moves A fake flag break could see this one going to test 500c levels again In order for this to happen volume needs support the share price at these levels Stick to stop losses
Contextlogic broke the downtrend and tested the downtrend line again yesterday. Support held on large volumes Looking positive for a move to higher levels Volatile
The Satrix resource ETF has been trading around a defined uptrend for a couple of years now. Recently it broke out of the range and retested the upper band of the range before moving higher again. The upper band has been tested once more and you have to wonder if the recent high will be challenged again 7440. Large economies seem to be running hot at the moment...
Brait reported a profit of R446 mil yesterday. The share jumped 14%. Brait has been trading in a defined range for more than a year now 234-429 Quite a bit of upside potential here is you look at the double bottom Target is 429c - Top of channel
Contextlogic has been trading in a downtrend since January. The downtrend is now challenged with some large volumes coming through A challenge of 15.11 could form a nice inverted head and shoulders with around a 22.50 target price Fundamentals on forward earnings not looking bad either. Stock doesn't seem overpriced at current levels #2 on Hype Equity today I...
After making a ATH in April Bitcoin has been moving on a downward slope. What could end up as a bear flag looks like it's building at the moment A break of that bear flag to the downside could target the $16 000 level again. This will equate to around a 40% drop Caution is advised on long trades if this flag breaks to the downside
Satrix Property ETF is breaking out of a bullish looking flag today. Target for the break is around the R10.30 level.
Exxon Mobil is build a bullish looking cup and handle. A break of the neckline would open a $70 price target. I have a position
Satrix Property ETF has been consolidating in what looks like a bull flag Watch for a break out of this flag for a 1025 target price Bullish looking chart
Support around 11.00 level held Opening gap closed around 11.29 level closed yesterday. Longs seems to be doing housekeeping for a move higher This is a 3x leveraged inverse ETF, so keep risk in mind Took a position with a 13.00 target price to hedge against downside portfolio risk Stop loss on a daily close below 11.00
Mediclinic has been trading within a defined range for 2.5 years now. Top of the range is around 6600 level and the bottom of the range is around 5300. Time will tell if overhead resistance will hold, but if history is anything to go by some weakness might be setting in again. A possible short can be attempted if the 6600 becomes a level too far to breach within...
RMI has been trading in a defined channel for 255+ trading days. Bottom of the range is roughly around the 2900 level and top of the range at around 3360. Top of the range has been reached, and overhead resistance could be difficult to be breached. Short position could potentially be attempted if resistance levels can't be breached.
Very bullish looking flag break break with two target prices. 152 and 172. A break back into the flag pattern should trigger a stop loss.
After an identified head and shoulders, this is one broke the neckline and are slowly moving towards the target price of 6030.
After a brief stint at +$100 levels, this one has returned back to the uptrend line. The heavy sell off was after a once off event where the bankrupt Archegos Capital Management hedge fund was a forced seller. Online streaming services are out for the hunt and after the news broke of Amazon's buyout of MGM, content providers like Viacom CBS could become targets...
First target was reached 439 after the initial cup and handle formation (green). A flag was build and broke to the upside. Next target is 500.