How far can the good results push the price of Distell.
TFG looking like its broke well and showing the 200 day EMA the taillights. The next target after the gap close is the test of the 200 week EMA. Should be interesting to see over the next couple of months or so.
African Rainbow Minerals looking to build a bull flag.
A decent cup and handle pattern on Remgro. The share looking quite bullish at the moment. perhaps we could see the gap close
A tiny bear flag building up. If this bear flag plays out it means we have lower highs and the target we will get lower lows. Looking quite bearish for Liberty
Remgro looks like its starting to gain a bit of momentum. We initially had the 3 white soldiers now, we have a bullish flag. perhaps the share is looking to close the gap. WE wait and see
A nice Symmetrical triangle pattern and retest of the base of the triangle stop at 3416c target 1387 a decent risk:reward ratio
Impala breaks out the flag range, looking quite strongly bullish
TFG looking quite bullish, closing with a bullish engulfing candle and break Through the 200 day EMA. Looking set to close the gap at the R102 levels
The share broke out of the bearish flag, however, there are buyers of MTN around the R53.60-R53 level holding off the selling pressure. The sellers seem to be quite stronger than the buyers as the share has been making lower highs and lower lows (more visible on the daily chart). Should the sellers push the price to around the R51.80 level where most stops could...
We have a potential bullish flag Mondi. Looking for some further strength on the share. After the share tested what was a resistance level before the share broke through it.
We have a rectangle bullish flag on the share. Looking positive for a breakout above the R169 levels. We could see some further strength in the share Weekly game plan: villagetrader.co.za
Exxaro We have a potential head and shoulders pattern building in the share. The past 3 weeks gave us a classic 3 white soldiers pattern. The share broke the R128 resistance/support, if we close 3% above it on the daily chart at R131, we could potentially see the uptrend continue and the head and shoulders pattern play out. Weekly game plan: villagetrader.co.za
Discovery The insurance giant is giving some conflicting signals. A possible restest of the 200 Week EMA after breaking it and having a golden cross. A possible bullish rectangle flag, and a possible head and shoulders pattern. The share currently trading around the 200 EMA. Let’s wait and see which side wins this one. Bull or the bears Weekly game plan:...
Bidvest We have a golden cross on the share. The share has been in a trading range since April. The R132.50 has been a strong support level. If we get a 3% break and close below R128.50 level. We could potentially see some further weakness in the share. Weekly game plan: villagetrader.co.za
Tigerbrands. The share testing its downward resistance trend line, traded above it, but didn’t close beyond it. There’s a potential symmetrical triangle play here. We will see over the next few weeks if the trend line holds a resistance again. Weekly game plan: villagetrader.co.za
Britsh American Tobacco The share has been trading in the R708-R494 range since 2019. The share has been trending downwards towards the bottom of the range, before pausing first in the R600-560 range. It recently tested the 50 week EMA, and it held well as resistance. If we break below the R560, more so below R543 (3% below the support). We could see some more...
Firstrand We have a nice bearish flag on the share. The previous week’s bearish engulfing candle looks to be playing out. We also had a golden cross in the early stages of the flag formation. If we break below the R34 level, we could see some further pressure on the share. R29, 25, and R14 levels are potential targets. We might see some reactions at those...