Cup and handle has formed on the WU company since 7 March 2023. During the time it's formed higher lows and has just broken above the Cup and Handle giving a conservative entry level. Other indicators show upside to come. 7>21>200 RSI>50 Target R15.91
“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.” A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI). They then changed the name to OUTsurance Group Holdings Limited (OUT). And they have been in the process of transitioning...
Do you know what the BEST trade is? The best trade is not a winner. The best trade is not a lucky streak. The best trade is not what you think… If you’ve followed your rules, strategy, criteria, risk management and taken the trade. That is the BEST you can do. Whether it wins or not, you have taken the BEST trade. Let’s dig in… Follow Your Rules Every...
There is a paradox to succeed when trading. And that is, we need to lose to win. We need to make sure though that our potential losses are ALWAYS less than our gains. I want to go through some of the reasons why losses are not only inevitable but also essential in the journey of successful trading. Reason #1. Losses are Inevitable Financial markets are...
In the last few months we've seen two bullish formations. W Formation first and recently a Cup & handle. The price has broken above the neckline and brim level, and now the price seems to be retracing to a conservative level of entry. With the higher lows and clear signs of demand, it looks like this market is poised for growth. 7>21>200 RSI>50 - Higher...
Cup and handle has formed on PPC, where the price has retraced back to test the brim level. The volatility is wild with this Penny Stock and the liquidity is also very low. These are dangerous stocks to try buy and sell and wider stops and take profits are essential. Also with MAs, they are in the twilight zone too as 7=21=200 RSI>50 Target R3.55 WARNING
JSE ALSI 40 - Update We've seen the ALSI 40 form a restriction range between 70,122 and 67601. It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night. As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any...
W Formation & Ascending Triangle formed on Mondi as I stated before... The price has continued to move up on a strong trajectory trend line. It looks like momentum will continue up and we'll get a ver nice buy signal once it breaks above the neckline. 7>21>200 RSI>50 Target remains at R364.88
In today’s rapidly evolving financial landscape. You really need to stay ahead or get left behind. It’s our passion to help you deepen your knowledge of the market trends and technologies that are shaping the future. And you know what, there are some very important trends and sectors you’ll need to adapt to your trading. Let’s explore some of the new paradigms...
Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while...
Kumba Iron Ore has been moving in this consolidation flag range since January 2023... The price has indeed been making lower highs and lower lows. But which way is it going to break, I believe depends on the Resources index. As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up). But regardless we have different...
W Formation formed on Lyra. And the price broke above the neckline and just shot up. Now there are candles with Fair Value Gaps, which will need to close. This will likely cause the price to come down, rebalance with the prices, consolidate and then move up again... Other indicators show bullish moves for Lyra including: 7>21>200 RSI>50 Target one will be 6.56 USD
Cup and Handle has formed on Famous Brands since the breakout of the downside. We see the liquidity is thin as the volatility(jumpy) motion is high... This is why I would make a large gap between E and Sl... Other signs confirm upside including: Price>200 RSI>50 Target R77.62 however. I do want to see more of a definitive break above the Brim level before all...
There has been an evident downtrend since June 2022. The price continues to bounce on the resistance, just to come down and make a lower high... However, there has been somewhat an established strong support as of late around 0.64666. We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short...
Over the past 20+ years, I've only mentioned a few money management rules. But then I thought about it, and realised there are so many more I use when I trade. So with this TradingView platform, I’m going to share my 14 most essential risk management rules I’ve ever come across. RULE #1: The 2% Rule – Limit Your Risk You might have seen this risk rule...
Trading is the most simple and hardest career you can have. There are simple tasks to take but difficult to mentally handle. Success requires discipline, strategy, and often, a good amount of experience. However, there are many reasons why people may struggle to achieve profitability in their trading endeavours. Here are some common pitfalls that might be the...
Here is the update with the ALSI 40... It seems to be in a tighter range with the resistance (short term downside) and the support from the Symmetrical Triangle since Dec 2022. We will be watching these levels carefully and will look to hedge positions as we are heavily short at the moment. At first glance, it shows that the price action is indeed more...
About sums up the JSE right now... 📉📈 The JSE ALSI 40: Where Sideways Meets Rollercoaster! 🎢🐂🐻 Hey there, fellow traders and market enthusiasts! 📊💰 Have you been following the JSE ALSI 40's wild dance since December 2022? It's like watching a cat chasing its tail, but with more financial suspense! 😅🐱 Picture this: The ALSI 40 chart looks like a DJ's...