Marcelle_Nel

Marcelle_Nel

It seems the last few weeks has bode well for the fabled BTC decoupling from traditional markets. Here is BTC compared to the SP500 & Nasdaq. While hourly swings sometimes remain correlated it is clear that the bigger picture supports a counter-trend as compared to the major indices. Let us hope this can continue.

Marcelle_Nel

If this current pump fails we might see a retest of the 12.5k level (previous triangle top) due to the clear bearish divergence on the 4-hour candles.

Marcelle_Nel

Silver has been forming a very defined symmetrical triangle in the last week or so. There also seems to be a hidden bullish divergence on the chart with price action forming higher lows yet RSI prints lower lows. This tends to be a signal of a continuation of the overall trend (which is towards the upside in my opinion. Also, as indicated by the broken line on the...

Marcelle_Nel Updated 

Silver is showing so much strength right now and I do not see it going down much. The symmetrical triangle technically breaks towards upside much more often than to the down side. The RSI is at a historic point of control and the MACD does show major upside bias. I am super bullish on silver right now.

Marcelle_Nel Updated 

Just a wild stab prediction based on the last couple of months of action. Might consolidate sideways for a bit longer though.

Marcelle_Nel

DRD is in a clear up-trend with no end in sight: gold is bullish around the world with demand ever increasing and bullion shortages all over. Most gold stocks have pumped dramatically in the last few months as the central banks print money into oblivion. Based on the previous move and the confirmed 0.5 Fibonacci Retracement I am expecting another pump to around R...

Marcelle_Nel

Seems like Sasol has been forming a very distinct Inverse Shoulder Head Shoulder pattern over the last few weeks. Seems like the neck line has been concretely broken now. Waiting for confirmation. Technical break out target is around R 167. For a more conservative prediction I would place resistance at the top end of the ascending channel first, i.e. at R 165.

Marcelle_Nel

After taking into consideration the price action for the week I have reviewed the trend analysis for the short term. Using built-in triangle pattern we see that the pattern actually extends longer than previously expected. Also, symmetrical triangles break either up or down usually between 70 to 73% of the way to the apex. I have marked these crucial points on the...

Marcelle_Nel Updated 

Sasol seems to have fallen into a triple top pattern on the hourly time-frame, with 152 acting as strong resistance and 132 acting as strong support. If Sasol fails to break above 150 convincingly in the next day I am expecting a decline to 132-ish again. If that level breaks a drop to 117 seems very likely in the short term.

Marcelle_Nel

After a weekend of analysis and considering some alternative patterns I came across this clear ascending triangle pattern. We now had 1 of 3 scenarios that WILL play out: either the price will break up, break down, or consolidate further and trade sideways for a while as the market decides where to put it's money. According to Bulkowski's rules for ascending...

Marcelle_Nel Updated 

This is just a pure guess. Let us see what happens. I may just be 100% wrong.

Marcelle_Nel

Applying the Fibonacci Extension to the current trend and combining it with previous resistance zones I assume will act as support during this next reversal phase, these are my buy in targets for the next 2 weeks :)

Marcelle_Nel

Is it perhaps possible that what we are seeing is a very long-term recovery following multiple layers of symmetrical triangles forming from various key previous highs? No predictions this time as I simply want to wait and see what happens with this breakout today. Could we see continuation to about R 200 or will we be immediately rejected back down to around R 110 levels?

Marcelle_Nel Updated 

Given the recent perfect performance for Sasol, given the news that lock-down regulations have been found unconstitutional, given the strengthening rand and steady oil prices, is this the perfect mix to take Sasol further? Only time will tell :)

Marcelle_Nel

The MACD is nearing the upward cross of the MACD and signal lines. RSI just dipped below 30 today and the Fibonacci retracement .618 - .786 will likely give a support line to bounce up from. Perhaps the situation in America with all the riots may suppress the strength of the dollar a few more days / weeks. If this is the case I am looking for an even more...

Marcelle_Nel Updated 

With a solid business model, good management, steady long-term growth, will transaction capital bull forward? The move to lock-down level 3 and opening of more sectors of the economy might just be what investors are looking for in good news to re-invest in trans-cap.

Marcelle_Nel Updated 

I am relatively new and this is my first chart I publish. Please let me know what you think?