JSE:DSY formed a bullish engulfing pattern at a support level, but is yet to confirm. If it breaks and closes above the level of the engulfing candle, it could possibly go long.
Possibility for a small down move on JSE:LHC . It has broken through an ascnding resistance as well as through a fractal. Beware of the strong support level just below where it is trading, though.
JSE:ABG has broken out of the sideways consolidation that it has been trading in. It has also broken through a fractal and is looking good for a long position.
JSE:SHP has broken out and confirmed on a symmetrical triangle pattern. It has also broken above a fractal. This is a good sign for a long position.
JSE:ANG has formed an evening star pattern which is a top reversal signal. I will wait for it to break below the 18th of June's candle. After a preceding up trend, 2nd real body must be above the 1st and 3rd candle bodies. The 3rd candle must close below 50% of the 1st real green body. Colour of the small 2nd real body doesnt matter.
JSE:OMU has broken through a fractal and is continuing upwards with strong momentum. Along with this, the stochastic and the MACD have both turned up and the EMA's are crossing which are all signals to go long on our trend-following momentum strategy.
JSE:NPN has formed a bearish harami and has broken through an ascending support level. I will enter this short if it breaches the fractal that formed on the candle of the 13th of June.
JSE:NPN has triggered a long position on our trend-following momentum strategy. Be cautious with this one, as it has been going up for quite a while and might be due for a retracement soon.
JSE:MND has formed a bearish engulfing and is looking good for a short position.
JSE:MND has broken through a descending resistance and a fractal which is a good sign for a long move. On top of this, there was recently a bullish engulfing candle which is a further sign of an upward move.
JSE:MND was trading in a downward channel for quite some time and we were expecting a continuation down the channel. It has recently turned and has broken out the top of the channel. We are now looking at an upward move similar to what is happening on JSE:MND
JSE:INP has closed below an ascending support level. I will wait to confirm before entering a short.
JSE:BHP has broken and closed below an 8-bar ascending support level. I will wait for it to confirm, but looks good for a short position.
JSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position
After a very successful long trade, JSE:AGL has now formed a bearish harami signalling a short. I will wait for this to confirm before entering.
JSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
JSE:SLM is showing a bearish harami at support which could signal a short
JSE:REM has broken below an ascending support and is looking good for a short position