1. Overall Bullish direction 2. Above 40 EMA 3. Broke rectangle and retested. TP Target 71.120
Cartrack is an interesting stock . It has already shown great recovery of its share price even though the Corona Virus Lockdown is not over in South Africa. Cartrack has an overall bullish slope and the 40 EMA also confirms this overall bullish pattern for Cartrack. Fundamentals : Current ratio - 1,3:1 ( Current assets is enough to cover Current Liabilities in...
The Cruise ship Industry has surely taken a huge knock due to the corona virus, but this open up great investment opportunity's. CCL has lost roughly 80% of its value since the start of lockdown periods. This is due to overload of pessimism. A great double bottom setup is given at $7,84. Target 1 : Break of Neckline Target 2 : Support turns into...
Sell EURNZD 4H 1. Support turns into resistance at 1.82772 2. Below the 40 EMA and 100 EMA 3. Broken short term trendline 4. Target 1 :1.78000 5. Target 2 :1.75500 Always use proper Risk Management when entering a trade !
OXY have clearly felt the effect of the cut in oil prices as well with the Corona virus. OXY has broken the short term trendline on the daily chart. Target 1 : $20 Target 2 : $38 Target 3 : $60 Market crashes turn into favorable investment opportunities for value investors.
Oil has suffered a great blow the past month.Price have reached great lows under $20 a barrel. Price have gain momentum to just above $30 a barrel. Thereafter price broke the short term bullish trendline and moved downwards. Price is to retest the broken trendline in the short term. Price also reached and support level and therefore bullish movement could be seen...
USDZAR have recently tested a new record high just above R19,00000. The strong upwards movement is supported through a strong support trendline. The Trendline have been retested about 3 times and therefore is strong. A Short term trendline (blue line) have been broken and retested and therefore indicates buying power rising. A great entry point is at R18,30000 ....
Sasol have experienced a great blow to their share price due to South Africa's lockdown but mostly because of the great decline in Oil Prices. Price have broken a short term trendline. This indicates possible forward upwards movement to follow. The recovery of SOL share price will not happen overnight and therefore it will be a buy and hold position. Target 1 is...
EURCAD : The pair has shown a great period of consolidation since August 2019 . But an overall downward movement can be identified since December 2017. Therefore a short option has a greater potential overall . Strong support levels was created during the period of consolidation. These Support levels could turn into Resistance levels. The lower opening and break...
USDCHF has an overall bearish movement on the long run . The consolidation block was broken after strong support lines was formed . Basic price action suggest that support turns into resistance. The second consolidation block was broken and formed a bullish trendline . This line was broken and suggest bearish movement until the second consolidation block. Check...
AUDJPY has tested the strong resistance trendline once again as well the shorter support trendline. The support trendline is rising faster than the resistance trendline and therefore buying energy is less. A rising wedge is forming were the two trendlines meet and indicates that buying energy is becoming less. Enter short trade when the current candlestick...
USDCHF had strong bearish movement the past few days . Price found itself in a consolidation rectangle . The formation of a bearish flag is also a great possibility , conservative traders would wait to seek extra conformation when entering the long trade. The consolidation rectangle had been broken and retested at the 0.236 Fib level as well as the resistance top...
GBPUSD has confirmed break out of the daily chart rectangle .Conservative traders would most likely wait for price to retest the rectangle consolidation block before entering a possible long position. Retest of the rectangle is most likely to occur were the trendline and the consolidation block meets. Two possible profit targets would be resistance level at...