Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Sanlam has had a good run since the last update and has traded as forecasted. An update of the wave count shows a triangle consolidation for wave 4 and wave 5 looks to be unfolding as an ending diagonal. The MACD is trending lower as price continues to creep higher. This divergence is a caution that price momentum is waning...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Richemont had a small rally since the previous analysis. I have been looking for a five wave rally though from the 215732 cps low and the rally to 265732 cps looks to be three waves. This is where is gets complex as there are two ways to interpret this: 1) the three wave are a full zig zag correction and price is continuing...

Loyiso_BlaqueSoros_Mpeta

This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap. Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps. *wave (A) unfolded as an impulse *wave (C) unfolded as an ending diagonal Since the 2019...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. It's been tough going for Sibanye since reaching an all time high in March 2022. A 78% drop saw price plummet to 1756 before bulls came in to nibble. The question is, has the stock bottomed at 1756? Here are a few technical reasons to be bullish: *Elliott Wave count suggests wave (C) is complete having unfolded in an...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Northam has pushed up a bit higher since our last update. The move from 9482 has been choppy with overlapping price action, could this be a leading diagonal? If so, 9482 has to hold. I will maintain a bullish view above 9482.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Impala traded below 7002 as anticipated from the last analysis. The stock caught a strong bid at 6430, down 79% from the March 2022 high. The move from 6430 looks impulsive even though it is relatively small but it can be wave (i) of a bigger correction or start of a new bull trend. I am neutral to bullish on this one and I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. After a massive 78% plunge from the all time high of 267538 cps to 58007 cps, AMS has seen buyers get in the stock. The move up from 58007 has yet to trace a five wave advance in an impulse or leading diagonal so it is still premature to say a bottom is in though the bear wave count looks complete. I will maintain a bullish...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Mr Price has had a strong bear trend from 24225. The downtrend does look to be slowing down and price seems to be forming an inverse head & shoulders pattern. This pattern will be invalidated with a break below 12325.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Kumba has had a strong breakout above strong resistance. The big bear from 80338 to 33991 labelled as a zigzag. Kumba has a very strong correlation with the iron ore futures, shown below in a light orange line chart. I am bullish above 40000 with a buy the dips strategy.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis I did update Sibanye recently and little has changed but the stock has caught a bid at 1756 which now becomes the invalidation level to watch in the short-term. It is still very early to even think that a bottom is in here.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The larger structure wave count for Northam is a bit tricky with a couple of probable counts. Looking at the decline from 21246 to 9482, I see a five wave decline with overlaps hence I am updating the count as a leading diagonal or alternatively an ending diagonal. A break below 9482 will confirm the leading diagonal which...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Impala has traded lower as forecasted and I have updated the wave count. I am not convinced that 7002 is the low and with an alternative count, the entire move from 19068 to 7002 could be wave 3 as the current wave 4 looks very small. I will not be surprised if Impala continues lower but I will sit on my hands and allow price...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. This is a question I asked before when the stock caught a bid at 79400. What has transpired since is that wave 5 of (C) unfolded as a more complex and deeper impulse which satisfies five waves down from 120747 to 58007. Price seems to be forming a base above 58007 which is the invalidation level of the bullish outlook. What is...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The bulls failed to sustain buying pressure and price dropped back into the consolidation zone. I am sitting on my hands on this one as it does not look likely to go anywhere anytime soon. Hopefully I am jinxing it.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Nepi has held firm since the last update. The outlook is still intact and I am forecasting a strong move up from 9764 as a third of the third wave which tends to be very strong. Short-term aggressive traders can use 9764 as a stop-loss level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The bulls showed me who is boss on this one. My indicators and valuations were saying caution, a correction is on the cards, but the bulls re-emerged after a brief stall to power the stock to new all time highs. The trend and momentum is clearly to the upside. I like the company as it has solid fundamentals so from here on I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. MTN stock continued lower from the previous analysis. The stock has caught a bid at 8700 and might have a relief rally, dead cat bounce, or a bottom could be in at 8700 and this could be the early stages of a longer-tern rally. There is not much to support a thesis that a bottom is in as the bounce is not on high volume and...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The wave 4 forecasted in the previous analysis turned out to be much deeper but looks to have bottomed at 215732 cps. The overall structure from 147340 is still an impulse so wave 5 could be in its early stages now. What is key is that 215732 holds and this level should be used as a stop-loss. What is further encouraging...