Published to our client platform pre-market. For more research insights, including trade ideas, get in touch with me today. Please Read The Full Note For Specific Detail: Speculative, high risk trading opportunity thus smaller positions may be applicable. Preferred Sell Above 24400c. Following it's strong, multi-week run, the price action and technical...
This idea was published on our client platform in the last 15-minutes. Buy at current levels (or better) for a short term rebound: Retailers have been sold off due to several factors, one being the costs associated with loadshedding (diesel spend). As we move to stage 1-2, sentiment appears to be recovering while the shares have potential developed a short term...
Sasol: R246 target hit during yesterday's session (traded as high as +249 today) Original idea attached. For more research insights, including trade ideas, get in touch today.
Extract from a note published earlier today. Over the years, I have done well to call the direction of Impala Platinum (IMP), most of which has been to help our clients and followers of my work identify key levels and understand the prevailing reward-to-risk. While I’ve also had several short term (CFD) trade ideas for our active traders, I will focus on the...
From a note, just published. Signals In November 2022 Suggested A 'Relative Underweight' In The Sector Back in November I presented my view on the JSE Resources sector relative to the JSE Top 40 Index, with the bottom line being that traders/investors might want to consider a potential “RELATIVE UNDERWEIGHT” position in the sector. We saw a minor ‘pop’ one week...
From a note that I wrote: If you would like to read the full note, you are more than welcome to reach out to me. At the top of this week I updated my short term view on GFI, highlighting the levels which I thought were important. The structure I saw was a megaphone technical formation where the upper boundary is potentially an ultra short term selling...
A technical update on the commodity. - Unwinding from an overbought position on it's weekly chart. This follows a 'doji' candle formation for LAST week. - This week we are seeing a further retracement at the previously identified supply zone. - The $113 to $115 level is a potential target range.
Speculative trading opportunity, with the view that we could see a reversion to the mean in the short term to medium term. We could see the share continue to consolidate in the R224 to R229 range however the following is my view on the potential opportunity. With the U.S. energy sector (XLE) being a leader overnight (+3.5%), we could see some form of buying filter...
Anglo American Plc relative to the JSE Top 40 Index is back below the 200-week since early February (lower panel). Note the ratio having been rejected at the prior demand supply zone and breaching incline support.
Last week Tuesday I published a short on Sappi at 4817c, with a target of 4380c, which was hit 2 days later. Today the share hit it's lowest level since September with a low of 4244c. Original idea attached. The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my...
Medium Term Opportunity: The share appears like to lose support of a multi-month demand zone and potentially break down from a 3-month topping structure. The momentum indicators have shifted from 'neutral' to 'weak' while confirmation is a close below 0.8735. The price has also shifted below it's near-term moving average and is likely to be sold on rebounds. Time...
Short term idea published earlier on our client platform. Entry at current levels (4817c), or on an intraday rebound. Key Technical Drivers: Poor candle structure at horizontal support + MACD below zero with a bearish crossover + 14-day RSI below 45 (nearing a breach of the incline support). Also note the share has struggled to reclaim it's 200-day SMA. Should...
Cross Asset Volatility Yesterday evening I reviewed several names in my report THE SUM OF THE CHARTS. These included NPN , GLN , SSW , AMS and more. For more research insights (including trade ideas) get in touch today.
Key Markets: Ratings Yesterday evening I reviewed several names in my report THE SUM OF THE CHARTS. These included NPN, GLN, SSW, AMS and more. For more research insights (including trade ideas) get in touch today.
Treasuries (IEF) relative to Sub-Investment Grade (JNK) | Weekly Chart | Similar to Jan-March 2020, a larger spike in the ratio could suggest higher levels of stress. Note the +2% move so far this week. For more research insights, including trade ideas, get in touch today.
African Rainbow Minerals relative to JSE Top 40 Index (Weekly Chart). Noticed the multi-year incline being breached/at risk. Lower panel. Ratio distance vs 200-w SMA contracting, signaling potential loss of LT momentum. For more research insights (including trade ideas) get in touch today.