runyamhere

runyamhere

One I labelled "The Poor Man's Gamble" not far back. This looks like it is attempting to break out of Stage 1 consolidation, the arc should guide price action at some point. The company wrote off about 30% of shares in issue so this will call for a revision of price upwards. Earlier the company hinted that the lockdown had had a positive effective on their...

runyamhere

Given the setup for Emerging markets to perform well led by commodities, we might think AMS is expensive at an all time high but the amount of money in the system when it unleashes velocity is going to propel this chart to dizzy heights.

runyamhere

Redefine has a nice cup & handle set, should move up to attack the resistance where it turned from.

runyamhere

This vertical leap is not sustainable but with injection of liquidity by the Federal Reserve any sort of madness is acceptable. Unfortunately such steep ascent also signal that things might be reaching the top before the party is over. But perhaps the Feds have enough to pump for another year or two, can't imagine the charts then.

runyamhere

The Telkom weekly chart showing a Hammer after effortlessly tearing down multiple support levels. You have to zoom back to 2010-11 to view the price at which Telkom was last at these levels. It sounds irrational that a share could show so much fear with a lot of volume to back that up. What Went Wrong? Telkom pattern isn't strange for JSE in recent times, the...

runyamhere

I have always looked at 4Sight as one of those companies that are really trying to innovate their way up. This is a distinguishing factor from the other more established tech companies who rely on selling services to established businesses. South Africa has not seen a lot of push for novel ideas mainly because big companies have vast market to tap for recurring...

runyamhere

CFR seems to be gathering steam to push up, it has found itself in a squeeze right at the end of the chart. Will see confirmation in the new year. The volumes around this time can be a bit misleading.

runyamhere

Telkom dancing around 10 year support & 6 month support. This is a key area to watch for a rebound.

runyamhere

$JSESLM Sanlam Limited has been testing the 81-82 level for close to one year with limited success of breaking through. So far it is holding up well above the R80 mark. Will see how this plays out but there is strong resistance on the R81 level. Watching it for now.

runyamhere

Can Sibanye Gold close the gap of May 2017? R28 could be on the cards.

runyamhere

4Sight jumps 40% on a cautionary announcement. Those who caught it at R0.15 will be handsomely rewarded, previously I had hinted a buy level of R0.15-0.16 however the announcement changes everything. The share has lost close to 94% of price since October 2017 so there is more upside to be realised.

runyamhere

4Sight ($JSE4SI) operates in the technology space and put themselves as those working out innovations of the future. Having listened to the CEO one picks up that they are setting up a niche in the technology sector, thus far South Africa is dominated by big tender contracts in the IT space. Though big players usually speak 4IR there's little to show that they are...

runyamhere

Mr Price shares dropped heavily based on a not so pleasing trading update, however this is in the past. How much of it is already priced into the share? Long-term holding a price at R153-154 is an opportunity to buy, when fear subsides some of the gap will be filled. Looking ahead MRP should bounce back given a 6 to 12 months time frame.

runyamhere

Shoprite didn't take long to hit the R128 mark, the less than impressive results exacerbated the slide.

runyamhere

Shoprite $JSESHP has been in a downtrend on the weekly chart, if it breaks below R138 the next stop could be R128 where there is some support.