VillageTraderZA

VillageTraderZA

Okay now its time for me to #BTFD. Mr Price holding support with strong fundamentals

VillageTraderZA

Nice ascending triangle pattern targeting R2130 with a 1:2 risk reward

VillageTraderZA

We have a beautiful and wide ascending triangle pattern on the stock. The stock continuously makes higher lows. The R25.80 level has been wall above. Market has been trying to pierce this level but it stood strong. If the stock finally closes through R24.82 I will raise my stop loss to R23.90 and add to my position.

VillageTraderZA

The stock fell short a couple of percent of being in a bear market (-20% decline). However the uptrend support held yet again quite close to the 200 day EMA. Providing an opportunity to start building up a position with a tight initial stop loss just below the Thursday & Friday lows, but for a bit of room just below the 200 day EMA around R195. Providing an...

VillageTraderZA

The symmetrical triangle pattern that fail 2/3rds in turns to fail as a continuation breakout. It usual signals a reversal. That happens to be bullish for the Coronation  as the stock holds the 200 day EMA as support. Closing today with a bullish engulfing candle.  Still waiting for a close above R52.55 to add to my position.

VillageTraderZA

The Head and shoulder pattern break. If you remember the head formation was as a result of a giant Dividend. Price has since recovered

VillageTraderZA

Clicks gets on the again. with a new record high close

VillageTraderZA

It’s as if the box theory was built around the stock. The stock has been stacking the boxes like a pyramid. If the market violates the trend line. The stock could retrace back to the 50 day EMA around the R39 long term support. For now the status for Lewis is hold and/or wait for a break to a higher box above R43.

VillageTraderZA

The stock found some support at the 50 day EMA. If the stock can break the R45.23 resistance would confirm the double bottom. I will raise my stop loss around R40.40.

VillageTraderZA

cup and handle pattern is forming on Barloworld. The stock looking like it's working on the handle. As it hold the 50 day EMA. I was waiting for a close above R114. However I will now add to my position on the break above R110.80 with a stop loss just below the 50 day EMA/ Handle.

VillageTraderZA

The stock broke out of the “war’s” range with a bullish engulfing candle. Engulfing pretty much the entire range. Closing back above the 50 day EMA. On Monday 30 August 2021 Good time to start building a position with an anticipation of the head and shoulders trade.

VillageTraderZA

The stock tested the doors of the higher R189 – R200 box on Friday but closed back below R189. Today it moved decisively into the higher box

VillageTraderZA

The stock came back into the lower box but stayed at the top of the box. Buyers look like they are still coming in. If the stock breaks back to the higher box and closes back above the R1875.38 record high close. The stock made a new highs as it moves back to a higher box. DOing all this on rising volume which is encouraging

VillageTraderZA

The stock jump to the higher mox with a Gap and drive pattern. closing the day at R177.22 my risk now is +2.43% I will add to my position tomorow then wait for R179.95 Risk before entry: +2.43%

VillageTraderZA

Nice Cup and Handle building up on Life Health care. Now its just waiting for a the 2450c neckline

VillageTraderZA

Clicks made a new high yesterday with increased Volume I'm adding to my position

VillageTraderZA

Weekly chart. The stock formed a nice base at the COVID-19 crash. Shoprite is arguably the strongest retailer in our market. Nice ascending triangle pattern staying on the right side of the 200 week EMA. I’m watching the R162 level quite closely. Daily chart A slightly faster paced ascending triangle pattern forming on Shoprite. I’m waiting for a break...

VillageTraderZA

Banking stocks are starting to look good again. Buyers seem to have won the battle at the 50 day EMA. I’m going to start building my position at the open on Monday 2 August 2021. I’m going to buy 23 shares will an initial stop loss at R50.82. I’m also watching the following key levels R55, R56, and R57 to build the position. R50.82, R51.60, & R53 being defence...