JSE:RDF has broken through an ascending support level and confirmed by opening and closing the next candle below it. It is looking good for a short position but I would wait for confirmation from the breakout of the fractal from 8 Jul before entering.
After trading in a range for quite some time, JSE:BVT has broken through the strong support at 19000. A confirmation below the fractal level of 3rd of July could signal a nice downward move.
JSE:TRU has broken through and is busy confirming a downward move with today's price action. We could be looking at a nice downward move it continues downward today.
JSE:OMU has broken downwards through an ascending support line. This is confirmed by the crossing of the EMA's as well as the downward direction of the Stochastic and the MACD.
JSE:ANG broke out of an ascending triangle pattern a few days ago and came down to test the top of the triangle as support. If it breaks the fractal of the 19th, it could make a nice move upwards.
JSE:TFG is currently bouncing o a support level and looks like it might break out through the top of a triangle pattern. If it breaks through the fractal of 19 July, I will consider a long position. Failing that - a downward breakout might very well mean a downward move towards the 16000 level.
JSE:CLS formed a bearish engulfing pattern which seems to be playing out. We will wait for a close below the low of the engulfing candle before entering a short position.
JSE:SPP is trading in a descending channel and has just bounced off of the top resistance level. We can expect a downward move towards the bottom of the channel or around 17780.
JSE:SAP has currently broken through a previous support level as well as a fractal level. If this is confirmed by a close above this level, we can possibly be looking at an upward move.
JSE:CPI has bounced off of quite a significant support level and is looking like it could be on its way up if it convincingly takes out the fractal from the 19th
A Head and Shoulders chart pattern is forming on JSE:MNP and if it confirms by breaking through the neckline, we could see a nice move downwards.
JSE:RNI is currently trading in the middle of a sideways channel. If it breaks through the last fractal, we could possibly see a move towards the top of the channel.
JSE:LHC is looking good to break through the fractal from 11 July. If it confirms above this, it could make a move to the resistance level at around 2800.
JSE:BVT seems to be heading for a break through the high from the 16th of July. If it breaks through this high we could be looking at a move up towards the resistance level at 21000.
JSE:ABG has broken through a descending resistance and has confirmed the break with yesterday's action. If it breaks through the fractal from the 12th of July's candle, it could mean an upward move.
JSE:VOD is looking good for a long position if it breaks through and confirms on the fractal.
JSE:SLM has broken through a descending resistance with an engulfing candle. Opportunity for a long if it confirms by breaking through fractal level.
JSE:SBK is showing a hammer followed by a bullish engulfing. If it breaks through the fractal level from the 11th of July, a long position could be on the cards.