VillageTraderZA

VillageTraderZA

The last 3 days of the past week was quite bearish. With a reversal pattern of a bearish engulfing candle. I think the market is about to shake of it’s first set of “weak hands”. With bullish conditions I think the reversal pattern is as a result of a stale bulls from the commodity super circle boom seeing profits for the first time since March 2021. Some people...

VillageTraderZA

Tensions between Russia and Ukraine have escalated to military war. Commodity prices rallied as the tension heightened. Brent crude made all high hitting $102.09. MTN's largest market is Nigeria which also happens to be a large supply of oil and gas. Largest in our continent & ranks 11th in the world on oil production. As NIgeria benefits from high commodity...

VillageTraderZA

Gold breakout seems to be a valid one. Looking likely to run up to $2063 prior highs. The yellow metal is quite close to make a 52 week high close, if this closes this week above $1902.60 the high is $1916.53.

VillageTraderZA

The stock broke the R330 resistance but with a doji. Not sure if the market was merely testing R330 or a valid reversal pattern. We have a head and shoulders pattern on the weekly chart. Setting up. With the gold breakout seemingly holding out. I will watch the R360 neckline. Going to hold off on raising my stop loss for now. Just in can the neckline holds up.

VillageTraderZA

An Ascending triangle forming. As the gap closes. This pattern may take about 3 or so weeks to develop. Requires some patience

VillageTraderZA

Purple group is still looking bullish. Touching the Trendline support with a doji reversal candle. One with a long tail. Its a very good long term hold

VillageTraderZA

Some of these buyers are have been sitting with a loss in this stock for 3 years are happy to cut loss at break even. Question is, are they enough to stop the new bulls on a rising interest rate environment? I doubt it

VillageTraderZA

Gold stocks had a good day today. Consequently gapped as it was breaking the bullish flag. I will build a position putting 1% risk with an initial stop loss at R289.40

VillageTraderZA

The market liked the trading update last week, EPS expected to be up 100%. The R189 resistance held a bit of a fight. I suspect from state bulls. Close Friday with a bullish engulfing candle that engulfs the entire week. I have a short term target at R220

VillageTraderZA

The stock broke the R1921 resistance. Raised my stop loss to R1762 reducing to -1.06%. I have a R2231 target on the stock. Rising commodity price is the wind need to to support the breakout and the golden cross

VillageTraderZA

There's a potential ascending triangle pattern forming. Backed by rates the long term pitcure looks positive

VillageTraderZA

We have a nice head and shoulders pattern. Backed by rising interest rate. Rising interest rates are significant wind at the back. Just a matter of waiting for the breakout

VillageTraderZA

Question Is the package cheaper than the bag its packed in? DRD took a massive hit. but looks like its found some support at the 200 week EMA.

VillageTraderZA

Here's how forecast the $MTN price action to play out over the next few months. I expect the stock to react to the R200 resistance, but make a higher lows and form an ascending triangle pattern. Ultimately I expect the stock to break right through R200

VillageTraderZA

Shoprite continues to eat food retailers for lunch. Strong update from the company. With PicknPay and spar falling rapidly Shoprite is the only food retail play in town

VillageTraderZA

Kumba confirms the turn breaking above the 200 day ema. provving an excellent risk reward trade

VillageTraderZA

Aspen $APN Hold the 200 day EMA gaps through the R211 support. I covered this trade on last week's stocks in play. Great Risk Reward trade. With a stop at R200 targeting R275

VillageTraderZA

Resources have been building a rally, oil continuing its run, benefiting Sasol and MTN. Its been a generally good week for resources.