Peet_Serfontein

Peet_Serfontein

A confluence of bullish indicators!

Peet_Serfontein

Bullish trend direction Retracted from oversold territory Upward price momentum Concern remains the declining OBV

Peet_Serfontein

Do not usually prefer shares less than R10 in value, but setup looks interesting. Oversold. Some early signs of an inflow of money into the share. Potential change in trend direction to bullish.

Peet_Serfontein

A price action below 52000 might support a bearish stance. Also a possibility for a whipsaw price action around current levels.

Peet_Serfontein

Crossing below 21-day sma. Bearish MACD crossover. Three Outside Down Japanese Candlestick

Peet_Serfontein

Do not necessary prefer a share under R10. Remains a risky trade. MACD giving a bullish crossover in oversold territory.

Peet_Serfontein

Upward price momentum might support the current bullish trend direction (see the lower panel)

Peet_Serfontein

Daily MACD bullish crossover might just trigger a temporary correction.

Peet_Serfontein

Strong downward momentum remains intact. Oversold round 52.00

Peet_Serfontein

The price action tested the 1550 support recently. Price momentum is halting.

Peet_Serfontein

Strong upside momentum remains intact. Some resistance around 3430.

Peet_Serfontein

Strong downward momentum remains intact. Oversold territory around 1.0850

Peet_Serfontein

Upward price momentum is halting. The price action might re-test the 14.90 support.

Peet_Serfontein

Upward price momentum is halting. Some early signs of a deterioration of the current bullish trend.

Peet_Serfontein

Improving technical confluence.

Peet_Serfontein

Trend direction shifting to bearish.

Peet_Serfontein

Share might test the lower range of the inclining channel

Peet_Serfontein

Concern: RSI close to 65. Strong upside trend remains intact.