TraderBrett

TraderBrett

GOLD DAILY is in a descending channel

TraderBrett

WEEKLY SUPPORT levels on the DAILY for the USD/ZAR

TraderBrett

Shoprite has formed a descending channel on the WEEKLY.

TraderBrett

Gold is on WEEKLY SUPPORT

TraderBrett

Multichoice DAILY is at the bottom of its range. Stochastic is OVERSOLD. If this SUPPORT breaks next level is around R106. We wait for more confirmation of direction

TraderBrett

Aspen DAILY has moved up into the gap that was created in March. Price has started to retrace back towards SUPPORT and seems to be turning around. The DAILY STOCHASTIC has moved out of the oversold area and is heading up, this supports the idea that we will see more upside.

TraderBrett

Old Mutual WEEKLY is on SUPPORT and has started to rebound. Target 20.84 the top of the WEEKLY range.

TraderBrett

USD/ZAR WEEKLY is on SUPPORT

TraderBrett

Sasol DAILY is at the bottom of its current range. Stochastic is oversold.

TraderBrett

Richemont DAILY is heading down towards the trend line SUPPORT. The RSI is pointing down but price is around the 200day MA(Blue line) which my provide support.

TraderBrett

The Gap is providing SUPPORT at the moment for the REMGRO DAILY. 200 Day MA(Green line) is flattening out but still pointing down and the RSI has just come out of the OVERSOLD area. All GAPS must close, eventually

TraderBrett

Telkom is on WEEKLY SUPPORT, after a long and huge fall will Telkom be able to turn it around at this point? The RSI is OVERSOLD so we expect at least a bounce

TraderBrett

Aspen has had a good rally from R64.50, but after hitting the GAP RESISTANCE it is now making some sideways consolidation and forming a Bull Flag which signals that more upside is possible

TraderBrett

Ascending triangle on the USD/ZAR WEEKLY

TraderBrett

BHP has formed a shooting star candle on the 200 day moving average(Brown line). Shooting star can be a reversal pattern signalling a top of the current move. We are watching for follow through

TraderBrett

Woolworths has gone down back into the range between R56.12 and R51.03. First target will be R53 and further will be the bottom of the range around R51

TraderBrett

GOLD is on DAILY support.

TraderBrett

Mr Price is now consolidating on SUPPORT after breaking out of its range on the release of its latest results. The 200 day Moving average is the next RESISTANCE, once that is broken we expect the move up to continue with a target of around R205