Source_Sailor

Source_Sailor

The market seemingly factored in the Earnings data and with news of new business acquisitions and dividend declaration, price rallied to break resistance at R143.50, breaking also the descending triangle pattern's falling trendline and closing well above the 50 DAY EMA. Clearly the Bulls have decided to launch this rocket much earlier. Considering the most recent...

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JSE:SSW slipped off the ladder in March 2022 from its all time highs of R80.22, almost exactly 2 years after it had found support at R15.40. Considering the latest price action, we can see price caught in a decending channel and is also now trading around the 50 DAY EMA with a falling wedge. Considering the market gap between R25.80 and R26.90 The instrument may...

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JSE:NED has been caught in a bullish flag consolidation since March 2022. Considering the most recent price action, the instrument closed strongly bearish approaching the support at R200.00 Scenario 1 (Probable): On the downward break of the support at R200.00, price will continue further consolidation towards R176.60 until March 2024 where it is expected to find...

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JSETGA faced a beatdown since December 2022 after reaching the peak of its right shoulder to complete the Head & Shoulders price pattern. Considering the latest price action, we can see price hanging around bearishly around the support at R125.00 With Interim Earnings & Revenue data coming out on 21st August 2023, price is forecasted to break this support and...

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JSESOL broke the neckline of a huge H/S pattern and consolidated in the form of a bearish flag since March 2023 as a retest of the broken neckline. Trading below R221 levels could see us plummet all the way to R71 in the long term.

Source_Sailor

Sasol broke the neckline of a huge H/S and consolidated in the form of a bearish flag since March 2023 as a retest of the broken neckline. Trading below R221 levels could see us plummet all the way to R71 in the long term.