Timonrosso

Timonrosso

Cup and Handle has officially formed on the daily chart. This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA. Now once we get our breakout, we'll be more inclined for further upside and demand. Target R36.02 ABOUT THE COMPANY: Foundation and Listing: Hyprop Investments Limited was founded in 1987 and is...

Timonrosso

We've started off the year of 2024 the same way we started in November 2022. In a sideways range with a high of 75,000 and a low of 63,000. This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks. What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading...

Timonrosso

It’s been a very tough year for swing traders. Go long the market drops. Go short the market rallies. Don’t do anything and you save from the burn. But in the bigger scheme of things, it looks like we are in an accumulation phase. The accumulation phase is a period in which smart money (informed and experienced traders or institutional investors) is believed...

Timonrosso

M Formation has clearly formed on the daily chart. The price has broken below the Neckline which is showing more downside to come. We have other indicators showing a downtrend momentum including: 200>20>7 RSI<50 My first target will be at 43.22

Timonrosso

As we know. The rich get richer. The poor get poorer. Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc. We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up. This conservative entry is where all the demand and...

Timonrosso

After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation. We thought the price was going to close below and open below th neckline. Instead there was a largeish exaustion gap. An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted...

Timonrosso

M Formation has been forming since November 2023 where the high was R120. There are lower highs forming and it looks like the price is about to crash down. This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market...

Timonrosso

While charts, trends, risk and reward are our daily companions. Let’s not forget that life’s full of exciting opportunities beyond the trading desk. We are human at the end of the day. And you also need to consider extra elements that will help you propel towards success. Let’s get into the 5 Non trading activities you need to act on. Healthy Lifestyle:...

Timonrosso

The only thing constant about financial markets is that they change. And since 2007 or so, with the higher availability of trading different instruments and markets world-wide. And not to mention, the ability to go long (buy) and go short (sell). Yes, these everyday possibilities were difficult to find and trade back then. Now I’m speaking my age in the...

Timonrosso

LVMH has had one heck of a run from $39 in 2009 up to $996 in 2023. But since April 2023, it just has NOT been able to break that $1,000 psychological mark. And since the beginning of last year, we've seen it form a bearish Head and Shoulders pattern. Now I am not a total bear yet. We do need the price to break below the neckline before we get all excited...

Timonrosso

Cup and Handle seems to now be forming on Renergen. It seems like there is a change in the wind for the stock as last year we predicted a big crash which struck at R9.33. And This time around, we're seeing a Cup and Handle form. It's not exactly there yet and we do need a break above the brim. But when it does so, we will see the price go above 200MA and...

Timonrosso

Inv Head and Shoulders seems to be forming on BioNTech company listed on the Nasdaq. We might have a consolidation period for the final shoulder to form before it breaks up and out of it. There is also a solid uptrend, which the price continues to make higher lows. With the price staying above the 200MA will help the bullish momentum send it to the first...

Timonrosso

YOUR QUESTION ANSWERED! What on earth are Fake outs, Shake outs and Whipsaws? After this you will know… Fake-out: (When the price makes a false breakout of a chart pattern) A fake-out occurs when the price of a market appears to break out of a certain chart pattern. This could be a trendline, support, or resistance level. But then quickly reverses and...

Timonrosso

Nasdaq finally reached our first target of 16,956. The price then started off on a bad note in 2024. The USD is starting to strengthen again, which brings down the general markets. So right now, there is no definitive price analysis for the Nasdaq. We can only expect a form of consolidation to create the next pattern before it chooses a direction. SO...

Timonrosso

Cup and Handle has been forming since August 2023. Actually, what has formed is a V Pattern. Now there is a break down which could be a consolidation pattern forming. During this time, we could see a Handle pattern - to complete the Cup and Handle. If we see a breach above the brim level, we could see HUGE upside to come. 7>21>200 Price>200 Target...

Timonrosso

Reverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have...

Timonrosso

I'm just shooting a guess here. During consolidation downtrends, we expect the price to touch the downtrend and come down. But the price action is seemiling quite bullish. The last couple of candles formed have established somewhat a strong support with a potential W FOrmation... So if the price breaks above the neckline, we could see a bit of strength for...

Timonrosso

Inv Cup and Handle formed on July 2021... The price broke below and since then it's been on a downward trajectory with a solid downtrend. Now the price is currently testing the downtrend, which can go either way. If it breaks up, we will see short term upside to 3.00. If it turns and continues down from here the investment short analysis will continue to...