We have a nice looking bullish flag. I’m now waiting for a breakout of the flag structure.
We have a nice rectangle bullish flag on Northam Platinum. Waiting for a breakout through 18591c.
We have a nice symmetrical triangle on JSE. Looking quite bearish the moment. The resistance held yet again. Waiting for a break to the downside. The exchange has quite a few delistings
Between December 2018 and June 2019, we have a bullish divergence. With the share making lower lows but the oscillator making higher lows. Since that time the share has been making higher highs and higher lows. The news with the vaccine possibly being manufactured by Aspen could push the share higher. I’m looking for a breakout above15082c, looking for a 3% higher...
Sanlam is another lagger looking bearish. The share making lower highs. Not following its peers in the financials
The insurance giant looks like the lagger of the financials. After failing to break through its 200d EMA looking rather bearish at the moment.
Absa is another financial institution that looks good for a recovery. The share making higher lows and higher highs as well. The share broke through its 200d EMA. watching the share closely
Broke out the sideways range, broke through the 200d EMA as well. But 30wEMA still below the 60w EMA so I'll wait for now as well. But looks exciting
Firstrand looking bullish at the minute. The share making higher lows and higher highs. Broke through its 200d EMA. However, 30w EMA is still below the 60w EMA so I will wait for now
The the all other major indices have recovered from the COVID-19 crash with the exception of property and financials. However, financials are looking like they are recovering, Capitec being seemingly the leader of the pack. we saw Nedbank up just over 100% from its March lows. Financials looking interesting on the long side. I'm watching the financials closely
Has the financials recovery started? Nedbank certainly looking bullish, up about 102% from the lows of March this year. Perhaps the MPC meeting could push financials one way or the other on the repo announcement today. The Fini index is also looking like the worst is behind us. Though the bearish sentiments aren't completely out the door yet. It's a "wait and see"...
With the financials having been running lately could Discory break out of the R119 - R133 range. looking for a break to the upside as the 30w EMA is looking to cross the 60w EMA to the upside and 200d EMA as well
With this potential cup and handle, Could we see the reaching all-time highs at R2000+ for CPI. Especially considering that the Bank has now entered the home loan market. The trade does offer quite a decent Risk-reward ratio. Interesting to note that the 30w EMA looks like it wants to cross the 60w EMA
We have a nice bull flag. pretty much all gold stocks including gold looks rather bullish at the moment.
Goldfields around its support today. will be interesting to see if it will bounce like Gold did. Gold miners will be interesting if the gold rally from earlier in the continues.
DRD is looking to be the R16 support. After gold respected its support DRD might also respect its support. I'm looking for a break above the R20. I believe that will happen if Gold breaks the $1930 resistance level
We have a nice bull flag on Sibanye still water. Seemingly to be the front runner in following gold price. After the $1860 support on gold held. If the gold breaks and stays above $1930 level gold miners look rather interesting
We have a decent looking symmetrical triangle, looking good for the continuation to the upside. Using the width of the triangle pattern 67350c looks good as a minimum target.