RobbyP

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If this Head and shoulders pattern plays out, the theory says it goes to R95.00. While it could happen, I don't see a drop of that magnitude. But let's be honest, this share got way too high, way too quickly. So now it's time for a little bit of pain. The scenario I predict is rather, TGA breaks the neckline of that H&S pattern but does not drop to the extent...

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TRU trading update was not as bad as expected however, Headline earning forward guidance is definitely weaker than expected. This means it's expensive at R66.00. The technicals show that the price is reaching overhead resistance which I do think will hold. We are in over-bought territory now so I do see the stock pulling back to that all important 200 day moving average.

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I don't know why I feel like the general market has blown too hot too early but nevertheless, looking at the REM chart, it does appear to be hitting resistance at current levels. On top of that the share has become extremely over-bought (on the daily chart) with momentum also waning. I expect a small pull-back before any further upside. I plant my flag at R135.50

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Astral expects a 90% drop in earnings as their input and feeding costs exceeds the sale price of chicken...Well the chart says it all. It doesn't look pretty. It's trading well below both the 50 and 200 day moving averages and I can't see it getting any better. I can see this stock going down back to 135.00/140.00 where there is significant support. I might even...

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After the recent news that their Virginia operation is officially pumping helium, we saw a couple of nice spikes in the price. Two gaps in a row to the upside which suggests that investors are piling in and buying at just about any price they can get. More significantly though, for me, is the fact that the price has burst through the 50 day moving average which in...

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If the trend really is your friend, you should be selling the hell out of the index. As pointed out on the chart, the index is heavily overbought, losing momentum and trading at a level with zero technical support. So assuming there is no "Plunge Protection Team", we could well see the SPX drop in excess of 300 points...PS. It's earnings season (he says in a whisper...).

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I see the USDZAR drifting lower towards 16.75 after the current bounce. From there I think we see more Rand weakness creeping in and potentially breaching the 50 day moving average at around 17.30. I am a buyer at 16.75 for a short term target of 17.30.

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First of all...How does this price even make sense? But besides that, we now have a bearish reversal candle (long upper tail, failed high) at over-bought levels as well as a potential double top scenario. We may be betting against the trend here (which we are) but surely sanity must prevail. I am of the opinion that we are beginning to see the start of some profit...

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It's me and the banks again... FSR has been extremely strong and has stayed in overbought territory for an over extended period now. Momentum is waning and I think a decent dip is on the cards. Something has to give...We are starting to see price congestion with little to no impetus at these levels. I'm willing to wager that she bumps her head here at the 50 day...

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I have been bearish on local banks since silly season ended and Investec PLC having outperformed thanks to the share buy back scheme, now provides the better opportunity. We are actually seeing weakness with some follow-through today. Looking at the momentum indicators, we can just start to see them starting to point south so I would be looking to short any little...

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Shoprite is starting to look like it's run out of Steam. We can clearly see the previous two days candle sticks show that intra-day rallies are getting sold. So we have a long upper tail (failed high) followed by a "Doji" candle. This could signal a short term trend change. From these over-bought levels, I wouldn't be surprised to see a pull-back to the 200 day...

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After the big 1 Dec drop, the price has tried to consolidate. the problem is, that it is consolidating at the lower end of that big red bearish engulfing candle. I think she bumps her head here and then moves sharply lower.

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I have been waiting patiently to see if this 2-year support levels would hold and the stock has not only honored it but is bouncing off it. There is strength starting to creep into the price and I don't think you could be too far wrong buying these levels. I'm not saying chase it now but I would seriously use pullbacks to accumulate a decent size position for a...

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Looking at the Satrix Fini, The recent bounce has merely served as a re-test of the "new resistance". If financials fail to break through this level, we could be in far a much larger leg down so be cautious about getting suckered into rallies. I still believe that we are in "short the bounces" mode. This set up is pretty simple to trade. If financials fail to get...

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We are witnessing the fruition of the 50 day moving average crossing below the 200 day moving average, otherwise known as a "death cross". One thing is for sure, this price looks weak and sick. If this level does not hold, we will see the stock trade sub-R120.00

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It was announced yesterday that government will be dropping import tariffs on poultry for a period of 12 months to help fight the rising cost of chicken. Let's not forget, that the tariffs were put in place to protect local producers against cheaper imports. The latest development leaves them with very little to no place to hide. I suspect our local producers like...

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If this was a wall, the writing is on it. Very choppy trading and often rallying for no reason, the stock has steadily managed to break every kind of support level and indicator. Their earnings were "meh" and we can clearly see that sentiment on the stock has all but soured. I cannot see any reason to hold this stock, both technically or fundamentally, so we may...

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I'm not much of a FX trader but this set up just looks like the Rand is about to make another run at resistance and then I think we are setting up for a little "blow out". Possibly R17.00/$. I would take a punt here and buy the Dollar for tat at least the first move to R16.30/$.