j200 has been ranged bound between 48000 - 53000 for the year so far in 2019. So far in the last 3 months, a triple resistance around the 51900 area has formed and a break above this with a weekly close can be very significant. In the broader picture there is also a massive Inverted HS pattern forming which began in april 2014. neckline for this would require a...
MTN has broken up from a falling wedge pattern = Bullish R:R - 1 : 2
The weekly J200 top 40 index chart is still trading in a shorter term down trend channel that began during may 2019 up until now. However the bigger uptrend is still intact from the lows of October 2018 And I would suspect that if we get a strong weekly close above 51500 it should open up room to move to 53200
GSH weekly closed above 96.40 resistance. IHS pattern in play. R:R - 1 : 1.5
AFE - A solid close on good volume above R100.50 will give a long signal R:R - 1 : 1.5
NTC Daily cahrt- Inverted HS pattern neckline retesting for the last few day, if it hold can move higher to see targets. Risk / Reward - 1 : 2.25
MR Price Daily chart has broken up from a 1 month rectangle box. Risk /reward - 1 : 1.25
Barloworld has made a double bottom breakup to the upside. Initial Risk / Reward - 1 : 1.25
AVI - If the daily chart of AVI can close above R91.50 with decent volume we would get a long signal. Risk / Reward - 1:2
MEI - Daily Bullish Flag forming after a the initial breakout above R66.50. Risk/Reward - 1 : 2.4
DCP is attempting to break the neckline of a 3 month inverted HS pattern. wait for the close above R24.00 for confirmation. RR: 1:1.5
JBL - initially broke out of a 12 month box consolidation pattern back in April 2019, It has then gone on to form a 5 month bullish flag that has now also broken out to the upside. RR: 1:3+
CSB has broken down below a 12 month descending triangle pattern this week on strong bearish candle close. RR:1:1.5+
L4L has broken down from a 23 month Descending triangle. currently price has pulled back for a short entry. RR: 1:1.5+
VKE has broken down from a 12 month Descending triangle, It has currently pulled back to test the neckline. RR : 1:1.5
RBP breaking up after consolidating for 6 months RR : 1:1.5
Nuworld(NWL) breaking to new highs after a 26 month consolidation. Wait for a weekly close for confirmation. RR: 1: 2.25