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PPH is seeking to have a yearly low price point, 19 Dec price point is a contender, however the current price action is up against declining trendline resistance (pink) & price was rejected where this line intersects the 200 DMA & upper resistance of the rising wedge. There is a possibility of price having another go at the resistance after bouncing off lower...

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Blu is due a yearly low price, 9 May 2022 is plausible but not ideal as price has retraced most of the gains since then (black arrow). A strong cycle is one where higher lows take place for longer. If Blu can go lower than black arrow it would be most ideal setup for a thrust higher to recent highs. A double bottom on the green arrow is next best thing but would...

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Here is another poor man’s gamble (low price shares that can have periodic violent moves up). - The vertical lines show areas of bottoming. - The arrow measures number of days from bottom till violent move. - Check positive divergence on RSI(14) from low till move occurred. - Check higher buying volume. NB: These are high risk small caps so one must not be...

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This is a small cap which requires less capital deployment (a poor man's gamble), price has been trending downwards & currently battles are set on key support lines. In terms of time this looks to have less than 8 weeks if it wants to move downwards. I will be watching for a drop into the rectangle and forming a swing low. Ideally price must go lower than 45 cents...

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Vodacom presents a scenario that can play out both ways while at the same time offering good reward. - Price broke out of a falling wedge (bullish) - Did a backtest but was resisted by the 200 week moving average - One view is to see it in a consolidation before taking out resistance - Second view is that price wants to dip further before going higher. This view...

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Investec (INP) has shown increasing volume around R110-112 price level, if supply keeps elevated then price will begin to trend downwards. The RSI(14) is showing some negative divergence building up. A trend change lasting around 15-16 weeks will be fully confirmed if price at any moment goes below the blue line price R98.32. Risk averse investors can have this as...

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Though price made a low on 29 September 2022, the volume on the advance is not convincing of sufficient buyers, for comparison look at move out of 7 March 2022. In the short-term price might move to the upper trendline. If price reverse quickly and go lower than 29 September then it will be a good short entry. One could attempt a long position to the trendline for...

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Capitec was rejected at the upper resistance, which is near the 200-day moving average, so the region can be read as double resistance. However, to confirm a bearish bias, I will be observing price pulling towards the horizontal support. We want to see price go below R1,793.14. In that case price will trend down into May/June bottom. The lower trendline and 200...

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Pick n Pay price has fallen out of the rising wedge and has made several attempts at re-entry without success. Now watching price action into ex-dividend date likely to result in a top & see price move downwards. The downward pull is expected to drive price to or below the blue trendline. If price goes below the blue trendline & goes lower than 27 September it...

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ABG is late in its cycle and is due for a weekly low. The share is up against resistance formed from the top formed on 22 November 2022 & just above is horizontal resistance formed around all-time high levels. The expectation is for the symmetrical triangle to break to the downside with short-term profit target 10-13%.

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GFI has had a good run, now is the time to be considering taking all or most profits off the table. The share price is within the vicinity of a trendline that has led to rejection of further upside. The path is a sketch of expected price trajectory, the end of path does not denote place of ending price. Of interest is the pink upward trendline closing the gap from...

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BTI has price has gone below 11 November low, this represent failure of a daily cycle and price turning bearish. Not far from current low is 29 September low of R634.01, if this is breached the bearish extends to the weekly price action further confirmation of a bearish trend ensuing. For traders who were not short, the pink declining resistance line is a...

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ANH has formed a bullish flag below resistance from 2017 through 2019, it has good prospects of breaking to the upside. A good entry point is when a swing low forms on the daily time frame or when price closes above the blue trendline. A stop loss can be guided by price going below 24 November as this would indicate trend is gaining momentum to the downside.

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AngloAmerican is hitting a resistance trendline that has halted uptrend before, the expectation is for price to trend down with an objective target of the upward slopping trendline below. Savvy traders can switch from long to short & add to the profit on price trending down then switch back to long when price breaks the trendline.

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BTI has hit upper blue resistance where it was rejected, price can be expected to find support around current price level, however any swing highs from then on are worthy of a short entry. The pivot that forms will guide re-entry after taking profits. If price breaks below R634.01 (29 September low) then the downtrend should persist into 2023 & gives confidence to...

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Murray & Roberts has been in severe downtrend but is now approaching a purple patch (rectangle). In the box is a confluence of support where 4 lines intersect. A weekly swing low from these levels could bring a flurry of buyers chasing the share. How to play the potential: 1. If risk accepting one can open a 50% position at current level (R-2.50-2.70) 2. Deploy...

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Aspen has shown strength against a resistance. The share appears to be in an accumulation phase before moving higher. What we will be watching out for: 1. Price to find a bottom with RSI nearing oversold 2. Price to form a swing low on the daily time frame which is an entry confirmation 3. Price to go above 10 MA on a weekly time frame Stop-loss: Anytime price...

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Mondi has a short-term resistance made from recent highs, price can continue to push higher & above the trendline but is expected to turn downwards. An opening of a short opportunity at rejection of resistance or at the forming of a swing high. Target is to close the short after price breaks the lower trendline. Expected time to reach the bottom is 15 to 30...