Martintradingza

Martintradingza Updated 

The share price of Sibanye has moved into a triangle shaped consolidation. The consolidation follows the strong uptrend we have seen on the stock. The triangle consolidation alludes to a short pause in the trend before this trend is continued. A close above resistance at 4040 would consider an upside breakout, confirming the pattern and continuation of the...

Martintradingza Updated 

Intraday support near 13200 Resistance near 13548 Falling RSI, MACD below 0, price below 50d MA. A breach below 13000 would pave the way for support at 12635. Neutral to short on DAX

Martintradingza

Kay Van-Petersen mentions that; the South African government announcement late this year that in order to continue to bail out troubled utility ESKOM and keep the nation’s lights on, the budget next year is projected to balloon to its worst level over a decade at 6.5% of GDP, a sharp deterioration after the government managed to stabilise finances at a...

Martintradingza

Using this fantastic chart to track how the 2020 outrageous predictions hold up over time: This is really one to watch - I personally believe that we have not yet topped out of the current liquidity cycle and so if this prediciton does come true it will only be after Q3 2020 "The iShares MSCCI World Value Factor ETF leaves the FANGS in the dust, outperforming...

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A massive MMT-inspired fiscal blast boosts the FTSE 15% better than its continental peers in 2020. Life has not been a long quiet river for the United Kingdom since the 2016 referendum. At the snap elections of December 12, Prime Minister Boris Johnson wins an overwhelming victory against a divided Labour party over the Brexit issue. The economy is also...

Martintradingza Updated 

Trade that we ran this morning paying off - short ZAR long PGM commodities. Terrible economic conditions locally due to Eskom stage 4/6 rolling blackouts

Martintradingza Updated 

The share price of Vodacom has recently broken out of the 11000 to 12750 range to start a new upward trend. Since the breakout, the price has retraced from overbought territory back towards support at 12750. This marks the first pullback since the breakout and a possible trading opportunity. The bullish candle at support suggests the pullback to be over and that...

Martintradingza Updated 

Wowzers. There might be some support down there. China, you fine?

Martintradingza Updated 

Good Grief. Support at zero ..... one to watch, the opportunity to trade a few relief rallies as it drags it's lifeless body along. André de Ruyter abandoned ship, what will he do at Eskom?

Martintradingza Updated 

Keeping an eye out on TBS to see whether it can hold support. A deterioration of the current level of support in the short term could see us hitting the first and second downside targets. Poor macro environment for TBS, with a management team that consistently underperform.

Martintradingza Updated 

Yesterday, the share price of Shoprite looks to be forming a bullish harami candlestick reversal pattern at the support level of the upward channel. The candlestick reversal would be confirmed if today’s candle closed in positive territory and above the mid-point of the previous candle. In this scenario, it suggests the end of the short-term pullback and...

Martintradingza Updated 

Still watching. I saw quite a few notes on this one at the same time I was watching. managed to catch a small part of the up move today. I will be waiting for a breakout or a breakdown to re-enter. cc Lester Davids cc Shaun Murison

Martintradingza

Long LVMH short Swatch, neutral/short CFR thesis continued... Swiss watch exports grew by 1.5% for Oct’19, slowing from +10.4% in the Sep’19. The main contributor to the slowdown was Hong Kong, which declined by 29.7% y/y. This decline is in line with luxury revenue and retail sales growth in Hong Kong. Estimates that exports to Greater China declined by 10%...

Martintradingza Updated 

Swiss Watch exports in Sep 2019 increased 10.2% YoY, improving from 1,7% in the previous month - benefitting from a low base and strong performance in Asian markets ex HK. LMVH reported that disruption in HK is not necessarily being offset in neighboring Asian markets an deman was stable from H1'19. LMVH further stated a 40% decline in HK sales in August and...

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Pot stocks have had a rough few months, and shareholders of Tilray have been hit especially hard as shares have dropped 55% since early August. Much of that decline can be traced to disappointing earnings results. In mid-August, Tilray showed sales growth in Q2, as revenue jumped nearly 400%. However, management's aggressive spending produced net losses, and...

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Economic Times has reported that Sanlam is negotiating to buy an additional stake in Shriram Capital. Sanlam already owns 26% of Shriram and it represents something around 10% of their valuation. The sale coincides with an exit from TPG Capital, a 10% Shriram shareholder. According to the Economic Times, the deal is valued between R2.8bn and R3bn. Softer ZAR...