Head and Shoulders has formed on Absa Bank Group It looks like after the rally, the price wants to come down a bit and retest some of the lows. As the JSE is in a turbulent stage, anything can happen. 200>21>7 RSI<50 Target R155.68
Cup and Handle has formed on Merafe and once again it looks like it's going to head to the top of the channel yet again. Also results have come out beating expectations by over 30%. We have other indicators showing upward momentum including: 7>21 Price<200 RSI>50 Target R1.47
Box formation formed on Remgro. Now this is an update to show the upside that's on the way, and what is to come. As a short term trader one can set the target at R169.00. As a medium term trader one can set the target to R191.00. All depends on the R:R placement method and term to hold. Either way, this thing is heading up. MAs - 7>21>200 RSI>50 Target...
As humans. It’s tough. In this day and age, it feels impossible to just focus on one task at a time. You’re already shifting your attention. As you read this! You’re thinking about: What to eat, what you’re missing on Facebook, how boring this article is going to be, what’s on TV tonight, bills you have to pay, how else can you make bread for your financial...
You pay less at Clicks but the price is going up so now is the best time to buy. We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come. We have other indicators confirming including: 7>21>200 RSI>50 Target R340.76 ABOUT THE COMPANY Clicks is a well-known South African retail...
C&H has formed on the daily with the price breaking above the brim level. Property market in SA is shining and we are seeing this with a couple of stocks. Other indicators confirm upside including: 7>21 Price>200 RSI>50 Target R36.35 ABOUT THE COMPANY Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on...
Inv Cup and Handle pattern has formed on the daily. We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully. Other indicators show upside to come. 21>7 (Bearish) Price >200 (Price heading towards it). RSI<50 (Sell...
Cup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level. 7>21>200 RSI>50 Buy divergence Target R11.86 About the company Curro Holdings is a South African company that operates private schools and offers education services. HOW IT GOT ITS NAME Curro Holdings' name is derived from the Latin word...
Broad. Diamond & Asc Triangle has formed on the stock. In this case it's a reversal patternf countering the prior downside. We have had a breakout of the Diamond and soon Asc Tri. Other indicators confirm upside to come. 7>21 Price>200 RSI>50 Target R38.59 SMC: Sell Side LIquidity OB
Descending Triangle or M Formation has formed on the daily for the company. The price has merely broken below which doesn't make ait a strong sell signal. However, there are signs of further downside to come. 200>21>7 RSI<50 (Sell divergence) Target R9.33
Falling Wedge formed on OMU, the price broke up and it was clear demand and buying from there. We also had a W Formation confirming strong upside. 7>21>200 RSI>50 Target 1 -> R12.61 Reached Target 2 -> R13.38 hit today. The uptrend is still on the way, but we'll need to wait for a consolidation pattern to form before getting in. This is the best type of trade...
Just to get you up to scratch. An impulse trader in the financial markets is someone who makes trading decisions based on sudden emotional reactions rather than structured and informed strategies. They often buy or sell markets due to fear, greed, or other emotions, disregarding systematic analysis and rational judgment. Being an impulse trader can be dangerous...
M Formation has formed on Nasdaq after a stellar uptrend. It's normal for the market to dip and for the buyers to bank their profits. I don't think the downside will be strong and powerful. So my first target is only to 14,314. We will then most likely consolidate, move sideways and then head up. But you'll be the first to know.
Large H&S since May 2022 formed with the coal mining company. It broke down in January and since then has been sliding on a gradual downtrend. Other indicators confirmed downside to come including: 200 >21> 7 - Bearish (Red) RSI <50 Red The target still remains to be R88.70 and it looks like coal is still in very murky water.
The JSE ALSI 40 is retesting the support from the breakout from the broadening formation... We need this level to hold to continue the upside. America got downgraded from AAA to AA+. This might cause turblence with the upside to come. We'll have to let the panic settle and for the bulls to continue fighting for the upside support. I'll let you know.
It’s no holy grain, but routine is crucial. You need to find what works vest for you. This way you’ll be able to streamline your trading activities. Here, I lift the curtain to reveal my daily trading routine — a blend of ritual, strategy, and discipline that helps me navigate the markets with confidence. My routine is not a magical formula for instant...
W Formation has formed on the property company over the last 3 months. Today we are seeing a strong breakout to the upside. Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up. Other indicators show upside to come: 7>21 Bullish Price<200 - Bearish but, price action is showing upside to come. RSI>50 Target...
Target reached R257.66 from the Inverse Head and Shoulders we pin pointed in July. The price broke above the neckline and out of the medium downtrend. We followed the textbook way, and the price shot to the target at R257.66. It can continue higher. Or it can consolidate. But either way, we need to wait for the next setup.