Gold Fields has been undergoing re-accumulation (see posts below). After a pullback at the beginning of the year price is again pushing at the breakout level with some volume. There is further some signs of strength (SOS) on volume in the background. The relative strength is also turning higher.
Following the accumulation and markup of RDI Reit (See posts below) we have had a trading range which seems to be a re-accumulation trading range. The previous push higher showed a minor sign of strength. After some accumulation volume we now see some volume pushing the breakout level. Now looking for the break higher to take the next step higher in the markup.
Following Rand Merchant Investments distribution and markdown (see posts below) since 2018 price has marked down significantly. Volume has been increasing on declines and decreasing on increases. RMI is weaker than the market. Price is now approaching a significant volume node from the previous markup. However, there has been no significant volume spike indicating...
Following the distribution of Discovery (See post below) it seems that it is ready for the markdown. Divergences in the RSI, declining relative strength, failed test of the 200sma and failed test of the yearly pivot point all point towards the continuation of the markdown.
Famous Brands price has been sitting at the 8000 level for some time but a break lower can potentially start the markdown. Following the distribution (See posts below) we were anticipating the markdown to start some time back but it looks like it has finally started.
I have been following the distribution of Tiger Brands. As indicated in December (see posts below) a consolidation at the breakout level was expected. After a significant bar with some volume the markdown is set to take the next step down.
Following the accumulation and markup of Reinet as indicated in the posts below. Now price has made new highs and the path is open for a strong rise.
The re-distribution of Redefine has completed and price is breaking lower. The markdown is gaining speed. See posts below following distribution.
Anglogold has undergone a re-accumulation trading range. After a buying climax (BC) at the end of August 2019 accumulation has taken place at the lower half of the trading range. A spring with test has taken place in November / December 2019 with minor signs of strength towards the end of 2019. Volume has declined on the pullback and today we have seen some ease...
A smaller redistribution trading range, after the larger distribution trading range (see posts below), has formed. After an upthrust (UT) and last point of supply (LPSY) the markdown is set to continue.
Octodec has seen some effort without response. Supply is stepping in at lower and lower prices and testing the 1500 level. With supply diminishing I am now waiting for the break lower.
Capital & Counties have been trading in a downward sloping range. After what looks like a spring price has moved to the upper trend line where sellers stepped in. However, the selling off the peeks has been unable to push prices lower, making higher highs. With volume declining it looks like supply is being absorbed. Once this block of shares has been sold price...
Following the distribution and markdown of AVI (See posts below) we have been testing the overbought line for some time. After testing the yearly pivot point at the start of the year it is possibly ready to continue the markdown.
I have been waiting for the markdown to start in Old Mutual (See posts below) for a while. However, price has been testing the 2000 level but has been unable to break it. With a significant bar with some volume the last two days the new year might finally bring the markdown.
BHP has consolidated for the best part of 2019. Now we have seen a spring and markup in phase D starting. Looking for the markup to take price above the highs in 2020.
Price has tested the overbought line and has broken away indicating more upside to come.
I have been waiting for a more significant pullback to the larger trading range but Clicks is acting very strong. After a short consolidation price is breaking higher and not looking back. Time to go with the flow. See previous posts for analysis of the structure.
After some large volume, the volume has declined and price is gaining momentum after the distribution. See post below discussion the distribution that is now playing out.