We had a nice bullish divergence on the stock between August 2019 and March 2020. The stock since made higher lows and higher highs. We now have a nice cup and handle pattern. To add to the wind at the back the company’s acquisition of power fashion adding to their cash generative Mr price shops. Targeting most the Mid-lower LSMs. Looking for a break above the...
Click breaks through the ascending triangle pattern on Friday. I will be adding in to the trade and moving my initial stop to 23743c and my minimum target is 35800c. Checkout the weekly game plan here: villagetrader.co.za
Remember the bullish divergence of back between September 2018 and August 2019. It took more than a year to form. Well since the stock bottomed in August 2019 it has been since making higher lows, even during the March 2020 crash saw the stock making a higher low than it did in August the previous year. However, the stock seems to have been struggling to break...
The stock seems to be in a nearly vertical bull market. A trade that I picked up a while ago and have been adding to it. Last week the stock made a new all time high, taking out the prior all time high of 30699c it set back in July of 2008. The share has now made a 100% recovery from that high. The new high is now 30725c. I’ve decided to remove my target on this...
The stock has a nice looking ascending triangle pattern. This is a trade I’m in at the moment. If we break through the 14000c resistance level, I’m looking to add into the position. My target remains 17690. Checkout the weekly game plan here
A nice looking horizontal bullish flag on distell. The stock could possibly be halted by the alcohol ban. However, I think the ban on alcohol will be lifted soon and the company will be back to cash generation. We could see the share being spring boarded by the lifting on the ban. Even if its a restricted sale of alcohol. My minimum target for this is 12161c. I’m...
Tiger brand is looking good at the moment. Though the stock seems to be struggling breaking through the 21403c resistance level. A 3% close higher would confirm the trade at 22045c, only if the 30w EMA crosses the 60w EMA which is quite close. The preceding higher lows creates an ascending triangle pattern, which is a bullish continuation pattern, but could be...
This inverse head and should is exciting. the question is how fast will the top40 get to the 7260c. the index need roughly a 23% rise to achieve this.
A combination of a bullish flag, Cup and handle, and a bullish divergence on Shoprite. The share looks very good on the long side with some wind at our back. Looking to enter at the break of the bull flag, and then add to the trade on the break thought R151 confirming the cup and handle pattern. And accordingly adjusting the stop-loss. But for now my stop is...
A nice looking Ascending triangle pattern on Clicks. The share has been making higher lows through the latter parts of 2020. Waiting for a close through R273.64. Using the height of the triangle from its broadest point. My target for Clicks is R358 Read week 2 game plan - villagetrader.co.za
Multichoice MCG We have a nice horizontal bullish flag on multichoice The share close on the other side of the resistance (R139.30) of the flag closing on Friday at at R139.87 A great opportunity to add into the bull flag trade I entered in December. For a new entry with a stop around R128. There’s a;sp an ascending triangle pattern. Looks like the long side has...
Great opportunity to add to the bullish flag trade
Bear flag remains valid as TRU fails to stay above 200d EMA. We could see some more pressure into the share
Aspen wakes up after being quiet for a while
Head and Shoulder breakout on Exxaro
A nice-looking bullish flag on gold. Looks like Gold might be running again. This should be interesting for gold miners