Anglo retests the baseline of the ascending triangle breakout. Closing above the 200 EMA on Friday with a doji candlestick. Proving a good buy opportunity with a tight stop loss just below the 200 day EMA around R573.
The Head & Shoulders break is often followed by a re-test back to the neckline before taking. Such was the case this past week on ApmPlats closing the week off with a couple of dojis right at the neckline. Providing a good buy opportunity with a R1922 target with a tight stop loss just below the 200 day EMA. For a 5:1 Risk Reward ratio.
We have a golden cross and a flat bullish flag. This price action is also backed by the price action in platinum which is also showing signs of turning to the upside. If the market can break the R235 resistance that's a buy signal with a profit target at R275 and a stop loss just below the flag around R219. The stock broke down trendline resistance.
An excellent risk reward opportunity on Exxaro as the stock holds the 200 day EMA with a bullish engulfing candle close on Friday. With a short term target R190 and a stop loss at R158. The stock might find a bit of resistance at the 50 EMA.
Distell came back to test the resistance and held it well as support. Buyers coming to defend the price. I anticipate some psychological buying to occur in the coming week. As the stock held the 50 day EMA as support. For a short term target at R190 and a tight stop loss just below the 50 day EMA around R177
We have a giant symmetrical triangle pattern on Discovery. We recently had a golden cross on the stock. A breakout from the triangle provides an excellent risk reward opportunity with a stop loss just below the 200 day EMA at R132 and a profit target using the width of the triangle from its broadest point
Dischem looking well poised for a breakout. Still having a rather tough time breaking the R32.40 resistance. A break through this level provides an excellent risk reward opportunity. There’s a head and shoulders pattern. Albeit the left shoulder being a bit longer. With a profit target at R36 and a stop loss at R30.50. Assuming a R33 entry level