runyamhere

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British American Tobacco has had a lengthy weekly, now price is looking to bottom then confirm the weekly low. We are looking for a swing low confirmation & a close above the 10 period moving average to confirm that we have left behing a weekly low. We have drawn a bullish Pitchfork which we would want to see guide price on the way up. We can see on the TSI that...

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Cashbuild is in pursuit of a weekly and yearly low price, here we see price finding support at the 0.382 line of the Pitchfork bouncing off it. In the process it has created hidden divergence on the TSI & RSI indicators. We can open a long position when price closes above the 10 week moving average, more risk accepting investors can go long on weekly swing low....

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The price of platinum went below 17 January ($880.51), this represent a cycle failure so we expect price to continue maintaining a bearish drop into a weekly low price.The previous 10 weekly cycles had an average of 32 weeks, we are currently at week 12 so it might be a long way to go unless we have a very short weekly cycle of around 20-22 weeks.

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Vodacom is now on the low end of a yearly cycle with price near the COVID low, this is the longest yearly decline for Vodacom. We will use the weekly chart to gauge the right entry point, we look for the following parameters: 1. A swing low (confirmed) 2. A close above the 10 week moving average (confirmed) 3. A close above the green declining resistance...

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Sasol is likely leaving behind a cycle high as it got a strong rejection at the 200DMA, the blue line defines a cycle, we expect price to close below this line moving into a daily cycle low. Price is in a rising wedge channel (bearish). Bulls would want to avoid price going lower than R225.22. It is noteworthy that enroute to a daily cycle low, price must go lower...

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There was much hype around the launch of Bitcoin ETFs with many "experts" predicting a melt-up, so far the event has been met with a sell-off. If there were many buyers expecting a price move upwards, then there might be sufficient stops to be triggered. The number to watch is $40,181.00, any lower than this means the cycle has turned bearish with price expected...

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Glencore is in the timing for a daily cycle low, price action has carved out a symmetrical triangle that can break either way. Our guide is the previous cycle low with a price of R99.03, anytime we go below this price we know the trend has turned bearish. We also see the megaphone pattern going back to the COVID low. The support of the megaphone needs a third...

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Northam price has gone lower than 10 November low seeming to confirm a cycle failure, this puts the share in intermediate decline. We also see price action carving a rising wedge that is yet to break but has a higher confidence in breaking to the downside. We therefore look at the bearish Pitchfork and the retracement lines in how they interact with price & time...

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This is a junior silver miner has confirmed a weekly low while also seeking to confirm a yearly low on 14 July 2022. If that is the case then the share will not pay much attention to what silver price does in the short-term, as seen in periods where it was falling while silver was strengthening, it could now be strong despite silver getting beat down. Price target...

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Walmart had a failed daily cycle 3, currently price is seeking a half cycle high. The blue line defines weekly price decline resistance, when price closes above this line on a weekly basis we know a weekly low is behind and price is moving higher. There is a possibility price will decline towards the 200 week moving average but before that we want to see how it...

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Adobe has an interesting megaphone pattern, the support line would need a third touch to make it valid. On the daily cycle price is yet to fail, this it will do if price goes below R503.90, that will really get the selling going as stop-losses are triggered. The bear scenario has higher confidence given that the share is in week 30 of an uptrend and should be...

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Spar Group rallied after a failed daily cycle 2, as is we are looking at a very short weekly cycle unless current cycle breaks back below R96.40, not entirely unthinkable given the following: 1. The move up saw declining volume. 2. The RSI & TSI have shown negative divergence. 3. RSI is overbought, failed breakouts on overbought conditions usually lead to quick...

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Mondi has had a stellar run, price is now at level where the Russian war panic set in, this is also a confluence of resistance, the horizontal line meets the resistance of the rising wedge as well as the 100% retracement zone of the Russian panic. With RSI overbought & in week 8 of a weekly cycle, odds are we are topping. Week 9 is a favourite high for previous...

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The DXY is in intermediate decline, the previous intermediate cycle was very short so much that it caught the markets off guard. The current is in week 23, looking into history of intermediate cycles, there are few where a cycle was between 20 to 28 weeks. Things to consider in this cycle: 1. Price lost the 0.618 fib retracement & recovered it. 2. A short bounce...

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Absa is now in a failed daily cycle, price therefore is seeking a weekly low price in lower highs and lower lows formation. Currently price is due a weak bounce before continuing further downside. Curious is whether price will go lower than 8 May low, I place this at higher probability as price also pursues a yearly low price. We can look at the median line of the...

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Sanlam has a beautiful down channel which has another channel within the bigger channel. The share is seeking a yearly low price. The area it is approaching has a confluence of support where downtrend was halted before as shown by horizontal black lines. How to approach the trade: 1. Watch for price to make a swing low (on daily chart), watching to see reaction...

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Sasol is in week 19 of a weekly cycle, it has wasted precious time in a ranging price action. Here we see price is facing resistance of the 30 week moving average while supported by the 200 week moving average. Price is caught in a triangle that can break either way, however because of time we can be expecting the cycle to be looking for a top. Curiously the...

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DRD broke out of the broadening channel trapping many shorts, price rose sharply but then reversed sharply, classic action of price fueled by short covering. Now price presents with a failed daily cycle, the current uptrend can be expected to be halted at the resistance of the broadening wedge then turn down lower than recent lows to the median line of the...