Would be interesting to see what effect #Naspers's secondary listing of it's crown jewels (NewCo) will have on the JSE's turnover? Share trading a very dangerous technical levels.
Proper breakout on the USDZAR, with the trend getting stronger by the day. 50-Day moving average also made a turn (for the worse), which is getting mighty close to reversing the Misery Cross (Golden Cross if you look at the ZARUSD) we saw end of February. Levels to watch: 1. The 0.786 Fibonacci retracement resistance level at R14.80 is also the top of the wedge,...
Remgro will be a share I’ll be monitoring closely over the next few weeks. Nice little recovery that started in October last year, bringing the price now very close to the Apex of the Symmetric Triangle pattern. A break below the support (lower ascending trendline), could see us test R193.60, with a break through those levels, most probably testing the R185.60...
End of week 1Mar19. Nice little comeback from both Richemont and AECI - personally still like them both. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:DLT 12 JSE:TON 21 JSE:OMN 27 JSE:MNK 27 JSE:CSB 30 JSE:CFR 81 JSE:CPI 78 JSE:DTC 78 JSE:AFE 77 JSE:QLT 75 Spending a few minutes...
So, the Canadian court ordered British American Tobacco PLC ( LSE:BATS ), Philip Morris International Inc. ( NYSE:PM ) and Japan Tobacco Inc. ( TSE:2914 ) to pay $12.5 billion in damages to Quebec smokers after a 17-year legal battle, in the latest case to shock the global tobacco industry. This could see BATS needing to fork out about $8bn, which clearly won’t be...
End of week 15Mar19. Nice little run from Quilter on the back of a weaker $ZAR/GBP ( FX_IDC:GBPZAR ). Impala also continued its run, bringing YTD growth now to 75%. Another newbie in the "runners" list is MultiChoice. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:DLT 12 JSE:TON 17 JSE:ADH 23 ...
Strong Momentum coming from the S&P500 since beginning of 2019. We've however now reached a top, where we could not see a break in Oct18, Nov18 and again on 25Feb19. Should the trend remain positive and we break and close above the 2815 level, we can very much go and test the highs (2940) again of last year Sep/Oct. The 50-day moving average is making a lovely...
$ZAR movement this week was like kissing your sister. It's still a kiss, moving somewhat stronger against USD, but not close to other BRIC countries. #BRICS currency/USD movements for this week: Brazil +1.4% Russia +2.4% India +1.5% China +0.1% South Africa +0.2% Euro/USD +0.8%
Great recovery coming from Coronation, with another +/- 5% run again today, bringing the YTD performance now to double-figures. After the 20-day moving average broke above the 50-day on the 4th of March, the trend definitely became a bit stronger and now look a lot healthier. The 14-day RSI is closing in on the 70 mark, which does place the share now close to...
This looks pretty attractive (yes, I said them together). Past week $JSEMMI had solid results & ran close to 10% - now up 1.4% YTD. $JSEDSY has lost 9% YTD & #Hastings -2%, but $JSERMI still lag at -10% YTD. Why am I saying this? SOTP DSY 37% MMI 10% Hastings 12% Outsurance 40% My preferred entry will be RMI.
Yes, $ZAR lost 1.5% against the USD this, which most blame on Pres Ramaphosa's mention of the nationalisation of SARB, BUT Brazil dropped more & EUR very similar. #BRICS currency/USD movements for this week: Brazil -2.4% Russia -0.7% India +1.4% China -0.2% South Africa -1.5% Euro/USD -1.2% The ZAR in the process did have breakout of the bottom of the...
Not a great end to week for #SouthAfrica - $ZAR. S&P revised Eskom rating from negative to stable, but clearly the market remains worried. #BRICS currency/USD movements for this week: Brazil -0.7% Russia -0.8% India +0.1% China +0.1% South Africa -1.6% Euro/USD +0.3% I must admit that the one currency that is looking mighty interesting technically this week,...
This is definitely not good. Eskom announces that there is a high risk of load shedding on Thursday and also demand a 21% electricity price hike (which still need to be approve) and there goes the Rand again. A solid break of the top band of the parallel channel, which now look pretty negative over the short-term, for the Rand bulls. Should we not see an...
We’ve all seen the latest released SA retail figures and subsequently what it’s done to the local retail company trading updates and financial results. Yes, it’s been bad! But, like my kids always tell their old man: “dad…that’s sooooo last year!!” I recently published an idea on JSE:WHL () and still believe that the company should pull themselves out of the...
End of week 8Feb19. A week dominated by Resources. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:OMN 20 JSE:PIK 30 JSE:TON 31 JSE:DCP 31 JSE:VOD 32 JSE:LON 84 JSE:SGL 84 JSE:IMP 84 JSE:KIO 80 JSE:ARI 79 Spending a few minutes on one of the most oversold companies of the week...
Tencent having a bit of breather this week after a great little run that started 4Jan19. Share price now getting close to the bottom of the channel (which is 329.60HKD), with the 50-day moving average (325.19) being a strong resistance level. A break below the 50-day MA could see us test the 304.60 levels. Share price is still above the 50-day MA, which are...
This is just one of those graphs that don't really need any comments...
This might just be one of my current favorite trades and you're getting it as fresh as it comes. This is the first time since 12 January 2018 where we've seen a Golden Cross on the USD/ZAR (basically the inverse Rand/US$). Previous time this happened, we've seen a nice little run of 6.5% in ZAR. In FX:USDZAR terms, if we see a close at current levels (Golden...