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JSE:MNP is showing all of the signs for a good short move. The stochastic and MACD both turned downwards and the 3 and 15 EMAs have crossed eachother in a downward direction. We are looking to reach a target at the 251 level which coincides nicely with previous significant lows from March this year.
A short has been triggered on JSE:OMU with today's price action so far. The signal was created based off of the stochastic turning down through the 80, the MACD going into the negative, and the EMA's crossing downward. Our target is all the way down at R7.76
JSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
JSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.
The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.
An evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.
A potential short position has triggered on JSE:GLN based off our 3 momentum indicators, the stochastic, the MACD and the crossing of the two EMA's.
If triggered our target will be down at the R82 level. This coincides nicely with a strong support level from earlier this year and late last year.
The stochastic, MACD and 3 & 15 EMA's are all signaling a long position. With the price action just after opening this morning, the trade was triggered long and we are in the trade. Looking for a target at around the R176 level.
A bearish engulfing, which is a top reversal signal, has formed on JSE:PPH . It also looks like the stochastic and MCD and stochastic are about to signal a short very soon too.
We are looking for a downward move all the way to the target at around the 21.25 level.
A bullish harami pattern has formed on JSE:MNP . A bullish harami pattern is a bottom reversal signal which signals a possible long position. With this morning's movement so far, the order has triggered. We are looking to reach a target at around the 342 level.
JSE:APN is showing downward momentum and could be ready for a short position. The stochastic, MACD and EMA's have all crossed downwards.
We are looking at a target for this trade at around the 119 support area.
A bearish engulfing candle pattern has formed on JSE:EXX . This candle pattern also coincides with the top of a downward channel that it has been trading in for the last month. We can anticipate a move towards the bottom of the channel at around the 182 level.