TraderT1307

TraderT1307 Updated 

TGA seems to be breaking out to the downside of the small trading range it has been trading in since early May. My short target is around 18600. This is however against the longer term trend.

TraderT1307

WHL is looking good for a move back up to around 6200. The share has actually held up quite well in the weak market environment. Looks like it is trying to break out of the range it has been trading in since early May.

TraderT1307

Share has been in a downtrend for quite some time and remains very weak. Breaking below the low it made 12 May. My short target is 12400.

TraderT1307 Updated 

Entered a long trade a while ago after it broke the trading range. Now BTI traded into the range where I am entering a short position for a pullback. My target for the short is 62500 with a tight stop loss.

TraderT1307 Updated 

Looking for an hourly and daily close below 22400 to enter a short. Profit taking area for now will be the gap close at around 20400 and possibly the round figure of 20000. There are two more unclosed gaps way lower at 14740 and one at 10900. Lets see..

TraderT1307 Updated 

SSW has broken the downtrend on the daily chart which has been intact since mid-April 21. Possibly might first pull back to close this mornings opening gap at around 5190. Another opening gap is left just below the round figure of 5000. Looking for long targets of 6000 and 6450.

TraderT1307 Updated 

Truworths mangaged to break above daily resistance of 5660. Needs a daily close above the resistance level. My long targets are 6100 and 6430.

TraderT1307 Updated 

MTN has broken below support level of the rising channel it's been trading in since Nov 21. It is now trading below the 50 DMA as well. Looking for short targets of 15400 and 13800.

TraderT1307 Updated 

Managed a daily close above 15900 for the first time since End-November 2019. Bumped into the 15900 area in second half of 2021 but failed to have a daily close above this level. Looking at two targets. Target range 1: 17000 - 17500 Target range 2: 18200 - 18700

TraderT1307 Updated 

Looking for J200 to trade down into the 66500 to 66200 area to take a long punt on the hourly chart. Looking for a reversal in that area to enter the trade. Trading in oversold extremes on the hourly. Will bail on the trade if it starts trading below 66000. Looking to set trailing stop once the trade becomes profitable.

TraderT1307 Updated 

Looking for a hourly break and close above 59100 to enter a long position, and hopefully will have a daily close above 59100. BTI has been range bound since October 2020 and might finally break out of the trading range. My target for now will be 64000.

TraderT1307 Updated 

Looking for an hourly close above 57900 to add longs, which will be a close above the hourly downtrend. Started nibbling here and looking to sell in the 61800 region.

TraderT1307 Updated 

Open Gap was filled this morning. Looking for a reversal to initiate short trade.

TraderT1307 Updated 

Entered a long trade last week which didn't take long to trigger my stop. The channel MRP has been trading in has been broken to the downside. After being stopped out long position has been changed into short. Current short target is around 16300.

TraderT1307 Updated 

Standard bank daily close below 13100 support. A weaker rand should add to the pressure on local banks. The two possible short targets are 12050 and 11000.

TraderT1307

On 20th June we we looking and waiting for the daily close below 11950. This happened and my full short target was 10200 which was hit today. Took some time but got there.

TraderT1307 Updated 

11950 seems to be the line in the sand for Multichoice. A daily close below the horizontal support could open targets of 11000 and 10200. There are two unfilled daily gaps at 11213 and 10268 which might act as targets should the 11950 support not hold.

TraderT1307 Updated 

Looking for a hourly close below 20800 to get short, and should have a daily close below 20800 as well. Possible downside targets are 18500 and 16500. There remains a open gap on the daily chart at around 15100 as well.