AFE reversed of support at R106,50. While trading above support we might see a push to R115 and further. Trade ideas are my own and not financial advice.
Possible invert head and shoulders forming on PRX. The head measure 10% so one can expect a 10% rally if it can break and close above the neckline. The red lines shows resistance just above the neckline. Interesting chart nonetheless. Trade ideas are my own and not financial advice.
MTN pulling back in the form of a possible bull flag. Trade ideas are my own and not financial advice.
Very small range that can be played intraday. Break and close above R14.50 we might see a push to R15. Trade ideas are my own and not financial advice.
After very good results and a massive run CFR formed a bearish engulfing candle. Also hitting R3 monthly pivot. Maybe a start of some kind of pullback.
KIO formed a hammer candle and was followed by a bullish day. If it can break the orange resistance line it can have a go at R470 and then the 50dma after that. It is heavy against the trend so be cautious. Trade ideas are my own and not financial advice.
SLM been trading in a range between R60 and R65. It is trading at the bottom of the range. If a reversal takes place here it can go back to test R65 again. Trade ideas are my own and not financial advice.
LHC pulling back to support in the form of a flag. If a reversal takes place around support and the flag gets triggered a move back to resistance at R25 can be possible. Trade ideas are my own and not financial advice.
KAP pulling back to support. I will keep an eye on KAP and see if it can pull back to around the R4 level. If a reversal takes place it can offer a decent long entry. Trade ideas are my own and not financial advice.
SPG formed a reversal candle of support. A break of that candles high will be bullish. Possible jump to its 50DMA can be a target. Trade ideas are my own and not financial advice.
MSM been trading in a range between R61 and R65. Possible sens on results might be out soon. That can be the catalyst to break the range. Trade ideas are my own and not financial advice.
After a solid run in September SOL is pulling back to the 50DMA in the form of a bull flag. If the flag triggers i will be looking for R290 and then R300 as possible targets. Trade ideas are my own and not financial advice.
BVT trading in a small range between R186 and R195. Preference will be on the long side. A close above R195 can target R200. Trade ideas are my own and not financial advice.
MTN pulling back to support in the form of a bull flag. If the bull flag triggers first target will be R145 and above that we might see a push to R150. Trade ideas are my own and not financial advice.
NPH held up well last few sessions and holding above its 200dma. It is trading sideways in a small range and if we going to see another leg higher in PGMs this one can rally further. First target can be around the R245 level. Trade ideas are my own and not financial advice.
FSR pulling back to horizontal support. If it can close above Fridays high we might see a snap back rally. Possible targets can be the 50dma then R62,50 and above that the recent highs. Trade ideas are my own and not financial advice.
Will CFR trigger an evening star reversal tomorrow? Possible pullback targets can be the 50dma then R160 and the 200dma can also be revisited. Trade ideas are my own and not financial advice.
I am keeping an eye on MTN for a pullback to support in the form of a bull flag. If a reversal occurs of support i will look for a rally back to recent highs and then to R150 as a possible second target. Trade ideas are my own and not financial advice.