RobbyP

RobbyP

Most people will forget that the ex-div date moves forward because of the public holiday...but we're smarter than that

RobbyP

After the Steinhoff bookbuild (for however many billion), the price gapped down to reflect the transaction but it also pushed the price down to a decent support level. One I never thought we'd see so soon. Looking at the subsequent price action, it does appear that R20.00 is holding as the "new" support. In this light I have bought some with the expectation that...

RobbyP

The company TELADOC offers virtual care for consumers across multiple clinical specialties to help people help people with their primary care, acute, chronic and even complex health needs. And as I mentioned, they are the market leader in this space. They have also recently partnered with Vivo Improve Access to Quality Healthcare in the densely populated Brazil...

RobbyP

So the Top40 broke below the 200 day moving average yesterday and there's the added bearish pattern of a well formed head & shoulders. A continuation of this pattern takes it way down. I repeat, we have 2 Bearish signals. 1. 200 day moving average broken 2. Head & Shoulders

RobbyP

A nice little breakout after some solid results, The next dip can be bought for a continuation to test the previous high. High conviction buy at 290.00. even 300.00 if you can handle a potential short term dip. This one is going to fly!

RobbyP

A death cross is when the 50 day moving average crossed below the 200 day moving average. This is what has played out on this stock over the last few days (maybe they held a lot of Naspers). This is one of the most bearish signals. I wouldn't be surprised if we saw a sharp move lower back to the R40.00/R38.00 levels.

RobbyP

MTN starting to show weakness after a stellar run. If I was holding stock, I'd be selling right now. From a trader's perspective, MTN is at quite a significant resistance level with all momentum indicators starting to point lower. I don't think a short is out of the question here, and I also don't think a target of 115.00 is impossible either...

RobbyP

Triple Top, over bought, Long tail reversal candle and over-stretched... I see Standard Bank retracing back into the R130.00's before the next move is decided.

RobbyP

Not a great sales report by MSM today and the technicals suggest continuation lower towards 1st support at around R52.00. It's not even a strong support so if you were thinking of buying, I suggest waiting and then buying into strength. Otherwise you will just be catching a falling piano.

RobbyP

(Also see, TBS & AVI)...With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting...

RobbyP

As with AVI...With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over....

RobbyP

With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over. Buy AVI at...

RobbyP

Momentum indicators are all confirming price weakness here and if you look at the recent price action, MSM has not only broken horizontal support, but also has breached the all important 50 day moving average. I can also tell you that the nationwide riots and looting on top of lockdown is going to have a severe impact on the price. I won't be surprised if we see...

RobbyP

Besides finding top line resistance and running out of "air-time", Bloomberg this morning, reported that MTN is being accused of aiding an Iraq terror campaign. whether it's true or not makes no difference. Investors will not see this in a positive light. Sell now while you can

RobbyP

There's two ways to play this. MONEY: If you are long Top40 now would be the time to take the money and run. Wait for better levels to get back in. (You heard it here first) THE BOX: Short the TOP40 CFD or even the ALSI for at least a test of the bottom of the consolidation box. The move is largely driven by pressure on Naspers and our resources stocks but a...

RobbyP

TBS did finally manage to break out of that consolidation pattern and now the question is, does it hold or break back into the box??. The play here would be to buy a bounce off of R218.00 for a target of around 235.00. Otherwise, short a break and close below 218.00 for a move back towards R205.00

RobbyP

Oh, short KUMBA here

RobbyP

All I'm going to say is... If the current level does not hold...we could see a 500 point drop and maybe even 800 on this index. That is also a nasty looking "head & shoulders" pattern...just saying