Trader-Dan

Trader-Dan

The stock traded to a high of R119.13 in late November last year and has since broken down to an area of interest. It will be important to see if bulls can hold the trendline that extends from May 2023. No position as of yet, will see if any buyers step in.

Trader-Dan

The R120 level continues to be a strong resistance to on this stock which is due to release earnings soon. A positive break of the area could lead to a decent leg up. R110 needs to be defended on the downside or risk a break down to test R105 or lower.

Trader-Dan

The dollar index is currently stuck in a consolidation ahead of important US CPI data. (Diamond pattern) It will be key to see which side it breaks from here as these patterns can either be "continuation" or a "reversal" setup.

Trader-Dan

After a successful trade in November last year , I'm looking to reload here for another swing long to the top. The volume on the down move has been low so I'm still bullish on the stock . Stoploss and take profit levels on the chart. Previous post

Trader-Dan

The stock has been one of the few up-trending names on our market. It looks to be breaking out of its recent 2 month consolidation. I happy to hold or add to the position while we stay above the 50ema. original idea in the link below

Trader-Dan

Goldfields has retraced back into an area of interest R254-R240 There is also the up trending 200ema at R248. I will be looking for signs of support here to initiate a long entry. A move back to close gap at R290 would make for a great first target.

Trader-Dan

Mondi has been on a solid trend up but has reached a major resistance zone and may be due for a pull back to the rising 50 ema . Bearish MACD crossover & RSI divergence SL & TP on the chart

Trader-Dan

The stock has had a solid run up but it now displaying signs of increased selling pressure at these levels. RSi+MACD divergence A close of 20ema below the 50ema will increase the odds of a pullback to the rising 200ema. SL and TP on the chart

Trader-Dan

Aspen has reversed pretty much all of the down move after its earnings release in August this year. Does it manage to breakout here or do we see it reset some of this move? The first sign of weakness will be a close below R185. No position.

Trader-Dan

The stock has run hard from swing low (currently up +43.66%) RSI is in overbought territory and we at the next major level of interest. Bulls need to defend R194 and more importantly -> R183 in the short-term to keep the momentum going. Successfully doing so and next logical target is the swing high around R225.

Trader-Dan

This is a speculative play which seems to be trying to break out of a base which started in September. I will be looking for a pullback towards the 20ema and successful support at the 68-70c zone to initiate a starter position. If successful, we could see the stock back at R1 in a relatively short time period.

Trader-Dan

Bitcoin has now entered into a new zone of interest $42200-$48600 after a successful breakout from a cup & handle pattern. I remain bullish while $42200 is defended and look to the smaller time frames for pullbacks to buy longs intraday. Note: RSI is overbought so best to keep the risk tight

Trader-Dan

The stock has been trading in a sideways channel since the beginning of this year. Currently its attempting to break out but the wicks above R3500 is an indication of sellers still around. Tencent has also been up against its 200ema and has today come under pressure. Expecting a sell-off on NPN towards its rising 20ema. Failure there opens a possibly deeper...

Trader-Dan

The stock has broken resistance at R277 and has now opened the gate to target R300 => swing high. Bulls will want to defend any pullbacks that may come to test the breakout level. MACD positive crossover.

Trader-Dan

Another stock back to prices last seen 3 years ago after a 500% rise. I will be patiently watching closely for any 'green' shoots on the chart. Next level of interest is 45c while we stay below 79c. The trend is your friend! Trend trading is a trading style that attempts to capture gains through the analysis of an asset’s momentum in a particular direction....

Trader-Dan

This chart is a good example of why you need to be decisive or have a system to get you out of a trade (eg moving average) when the tide has changed. It's amazing to see the trajectory from 2020 to now and once again makes the point that 'cheap' can get cheaper.

Trader-Dan

The stock has been consolidating since September and has managed to hold onto supports at R11.60 /R11.90 Expecting it to break out soon and perhaps move backup towards the swing high. First major hurdle will be R12.70 Stoploss / Takeprofit on the chart.

Trader-Dan

The stock found decent support around R62 as mentioned previously and rallied almost 10% to R68. We have now had some 'cooling' off from the bulls and once again back at a key R65. Bulls will want to defend this today or risk a deeper pullback to the breakout level --> R63.50 I will continue to be bullish the stock while price stays above the daily 20ema.