Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The advance from October 2022 was in three waves which is corrective in nature. The stock has now had a strong weekly close below the support trendline which adds to the bearish. I am bearish Kumba with a price target at 32000 cps.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The sell-off in Motus has not been as strong as I initially expected and this has raised the question of whether of not the stock has bottomed. The correction from 13163 to 7890 can be labelled as a double-zigzag. The bounce from 7890 looks strong so I will maintain a bullish stance above 7890 with a buy the dips strategy.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. 7753 cps eventually gave way triggering an update of the wave count. I have shifted the terminal wave E of the (B) wave triangle and I an now counting the sell-off from 14289 cps as an ending diagonal/falling wedge. I maintain that a bottom is near and I will monitor price at the low trendline of the wedge. The MACD is...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Fives waves can be counted from 32381 to 11036 cps for wave of the zigzag. The bounce from 11036 has not yet unfolded in five waves to give me strong conviction but it was preceded by MACD/price bullish convergence; I am neutral to bullish at this early stage. 11036 is the key invalidation level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The leading diagonal outlook has not changed, the fifth wave seems to have extended and travelled beyond the upper trendline creating an overshoot. An alternative; instead of being a leading diagonal, this pattern could be an ending diagonal which would call for a steep decline in price at the completion of wave 5. I am...

Loyiso_BlaqueSoros_Mpeta

See link below for initial coverage. The bounce from 1036 looks to be unfolding as a leading diagonal, characterized by the overlapping waves. Leading diagonals are common after strong sell-offs and the market has bottomed. I will be looking at wave 5 to terminate at the same price level or above wave 3 to complete wave (1) and then monitor the pullback for wave...

Loyiso_BlaqueSoros_Mpeta

First time coverage. The Equities bear market can be viewed as a flat pattern or a more bearish double top which would have a far lower price target. At this juncture, I will look at it as a completed flat pattern with a low at 1036 which is the invalidation level. The bounce at 1036 could still prove to be a dead cat bounce so I will be neutral until price...

Loyiso_BlaqueSoros_Mpeta

First time coverage. Curro took off like a rocket after its IPO peaking in 2015 @ 5802 cps. Fast growth always has sustainability questions and the market has not been kind since. The stock, like many others, found a bottom in March 2020 after the covid outbreak but the bulls have been timid, perhaps highlighting the fundamental picture. From an Elliot Wave...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Nothing much has changed in 6 months of trading. The leading diagonal outlook is still valid and the longer-term trend is still bullish though i anticipate a correction after the completion of the fifth wave of the leading diagonal.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The stock certainly took its time and for the first time since i started looking at the stock i am bullish. The trend is clearly to the upside and momentum looks very strong with very shallow pullbacks. It's a bit late to jump in here but the stock looks likely to make a new all time high soon.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Talk about a defensive stock; Clicks did not budge much from the previous bearish analysis. The stock has shown its resilience by making a new all time high. I have not looked at fundamentals or valuations but i have to turn bullish now with a buy the dips strategy.

Loyiso_BlaqueSoros_Mpeta

First time coverage. The two bottoms at 800 cps and 877 cps have formed a very large Double Bottom reversal pattern. The price target for this pattern is 2500 cps. Price has been trending upwards from 877 and the trend is well supported by mid-sloping trendline. Buy the dips.

Loyiso_BlaqueSoros_Mpeta

First time coverage; see link for long-term view. The 2020 bottom has held firm. The rally to 3903 cps unfolded in five wave as a leading diagonal for wav (2). The correction to 2524 cps for wave 92) looks complete; 2524 in the invalidation level for this view and should be the stop-loss level for more aggressive traders. If this wave count is correct, the stock...

Loyiso_BlaqueSoros_Mpeta

First time coverage The 13 year bull market from 2003 to 2016 unfolded in five waves. The big bear down to 1447 cps can be viewed as a zigzag though the internal wave count is not visible on this timeframe. If the bear is over, 1447 cps should hold and is therefore the key invalidation level.

Loyiso_BlaqueSoros_Mpeta

First time coverage. Storage has found the going tough since hitting a peak in 2019. The share has traded sideways in a large contracting triangle. Triangles, according to the Elliott Wave principle have five internal waves, labelled (A to E); this triangle looks mature to breakout. It is hard to say in which direction or when the breakout will occur so i am...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Vodacom selling momentum looks to have tapered as the MACD has given a strong bullish convergence pattern. I am also on the lookout for a potential double bottom pattern between the 9070 to 8544 zone. It is still too early to call a reversal but i will monitor price in this key price zone.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Bulls have come in aggressively at 13683 cps and price looks impulsive, currently in the third wave. Price did not sell-off with momentum below the neckline so there is a high probability that the head & shoulders pattern I previously forecasted has been invalidated. My bias has turned bullish short-term as momentum is...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. I have made a minor adjustment to the wave count with wave 3 terminating at the March high. The stock looks to be unfolding in a five wave impulse from 6150 cps and is currently in the third wave of wave 5 of (3). Buy the dips.