DCP looking to retest the breakout level of 32.75 which will provide a good buying opportunity reward to risk - 2:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
MTA holding a 60 day support line within a bullish trend, reward to risk 2:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
DCP looking to retest the breakout level of 32.75 which will provide a good buying opportunity reward to risk - 2:1
PPC been trading in a bullish flag channel for the last 30 trading days, expecting a breakup soon, reward to risk 1.5:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
SHP can provide a good buying opportunity if it retests the R190. level reward to risk 1.5:1
ACL did the same box pattern last time around that lead to a breakup. do we see a repeat?
Sappi breaks out of a 6 month downward channel and has retested and supported the R45.00 level reward to risk 2:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
CLS supporting the 266-273 breakout level, looking for this bullish action to continue reward to risk 2:1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
Truworths trading in 40 day box consolidation pattern thats is leading up to a possible breakup in the coming few days reward to risk 1.5:1
MTN held the previous breakout level of 134.50 ( resistance turned support) a close above 137.00 today will confirm the long entry for a 1:1.5 risk to reward *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
WBO has been trading lower each day after its failed attempt to breakup above R120 level, currently oversold and approaching the R104 support zone.
R95.50 is both lateral and diagonal resistance for RBP which has struggled to break it in the last few times it was tested Reward to Risk 1.5 - 1 *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
FTSE 100 index looks like its getting ready for a breakup that can take the index to new highs in the coming weeks
Mondi is currently trading in a 45 day bearish channel and has reached good lateral support area at the R356.00 level. A close above R363 could possibly signal a long position. *Disclaimer* - ideas shared in the above is for educational purposes only and IS NOT trading or financial advice.
ACL is consolidating for the last 50days in a very tight range between R6.00-R7.00, A close above 7.35 will see a possible move to R9.30 mark
Bitcoin dominance chart on the daily has broke above the trend and now trading above its 50ema. A move to the 200dma is expected especially that there is a bigger double bottom pattern in play that starts from may 2021.
A daily close above R4.55 mark will confirm the breakup. reward to risk 1.5: 1