NASDAQ:IXIC is at an area of interest, near a potential resistance level but also trading above a key MA. Friday close will be interesting, a solid close above this MA might bring a bull run. Failure to push up will bring us back to the boring "correction" environment. I'm rooting for the upside.
JSE:BTI setting for a long opportunity, note resistance on a higher time frame.
NYSE:BTI has been playing around this level for a while now, close above R714 trigger a long position. However, a clear bullish setup is above R730, where it'll have cleared the R720-ish resistance level that's on the weekly time frame.
R714 is like a low cheat entry, in...
JSE:NPH is at an area of value; the stock may either find support here or break lower. NYMEX:PL1! is weak, the chance of breaking lower is higher than that of a bounce. No position on platinum names at the moment.
JSE:DTC reached a 52-week high today, it also broke above a resistance level. If you zoom into the monthly time frame you'll see that it's near a potential resistance as well, old resistance level. I'm bullish on JSE:DTC on D/W time frames, the resistance level could be an issue but it's an old level.
JSE:SSK is staging a breakout, note low volume. Depending on your broker, it may be a slightly illiquid stock and have a massive spread. Potential resistance level in near R1.60, from 80 cents, that's a potential to double your investments. Think risk first.
JSE:BLU Closed high last week Friday, few cents away from a breakout level. It opened stronger today, breaking the resistance level, the stock is also trading at a 52 week high. Suitable for a long position.
JSE:SHP share price is under pressure, and it has broken below a support level. JSE:SHP has been trading below key MAs for a while now, it's no surprise that the down ward move is gaining traction. It's not wise to keep on buying the stock at the moment, let it fall without you, unless you'e short. JSE:PPH is another weak retail stock.
JSE:ABG is at an area of value. It can go either way, if there are banks buyers, JSE:ABG might move up. Otherwise, if the sellers are strong they can push the price lower. No position at the moment, and JSE:STXFIN doesn't look healthy.
JSE:GLN sins are finally catching up with the share price in the JSE, after admission of guilt in US & Europe. The stock was weak last week, it's trading below key MAs. I expect JSE:GLN to continue to push lower, resources stocks are weak, there's enough downward momentum in the sector, that can help JSE:GLN to break the horizontal support.