T2TWELL

T2TWELL

The daily chart of AGL has formed a bullish flag pennant, solid close above 745.00 confirms the breakout with a target to around the 810.00 mark which is its upper channel resistance zone

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First rand bank has managed to trade back above its 1 year moving average and also forming a Inverted head and shoulders pattern off its major support of R60,00 Solid closes above the R67.00 should confirm a breakout and a new bullish trend

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MTN is still trading in its longer term bearish channel after price rejected its 1 year moving average during early December so long as the bears can keep prices sustained below the R143 mark there should be more downside to come

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TGA has broken out of its medium term falling wedge and is trading back above its support level of R270.00

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Sappi could possible form its right shoulder of an inverted HS pattern off the R48.50 support level

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Brait (BAT) has been trading in a consolidation box between R3.60 and R5,00 for the last year or so, I breakout should be pretty close around the corner.

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Remgro has held its lateral support for almost a year off the R125 level and is now breaking up out of its shorter term bearish channel

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TGA is the strongest stock on the JSE by far for 2022, right now its trading around the R270 support which was resistance that became support during august 2022. If R270,00 does not hold, next level of major support comes in at R215.00

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ALSI top40 has managed to find resistance just above its 1 year moving average which also is a major resistance zone in this 63,000 level.

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top40 index has failed to hold above the 60500 confluence resistance point today, risk reward favors the bears for now

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Dischem bulls are trying their best to hold this R30,50 support for the last 4 months or so, if this levels is lost the next support comes in at 28.50 currently DCP is trading below its yearly average....

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NPN has broken back below its 255MA from a descending triangle pattern that formed over the last 3months. possible targets are the 1870 and 1710 level for the bears

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Sasol bulls have struggled to get the price sustained above the R320.00 ( which is also the 1 year moving average) level in the last 2 weeks, today -10% drop is the result of their exhaustion. Bears are still in full control and eyeing the R250 level as a next possible support zone.

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J200 hit major resistance yesterday and today confirms the resumption of its bear market

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BTI support level of R640 has yet again, level offers good Risk to reward for long players

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MTH is retesting the R115 level , if this level it can resume its uptrend and look for new highs again.

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ALSI top40cash cash is forming a bottoming IHS pattern over the last 3 days, solid breakup above 58200 will confirm the pattern

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after loosing the 59300 support today, ALSI now looks to the next target which is about 1.50% lower (875pts)