A chart from today's report (zoomed in slightly vs the one in my report). For more research insights, including trade ideas, get in touch today. NETCARE (NTC, 1419c) | Daily Chart | Monday, 31 July 2023 (Pre-Market) | NTC is a popular range trading instrument however there is no guarantee that the range will continue to hold. Whilst pattern failures are possible,...
A chart from today's report (zoomed in slightly vs the one in my report). For more research insights, including trade ideas, get in touch today. LIFE HEALTHCARE (LHC, 2130c) | Daily Chart | Monday, 31 July 2023 (Pre-Market) | The share is trading just below it’s 52-week high, having absorbed the multi-month overhead supply. Preceding the short term advance, was...
The share has reached more than 90% of the intended gain. As always, traders could consider the following options: (1) Raise their stop-loss to protect capital (2) Scale out of the position as it approaches the target. (3) Bank/Take Profit in full (and possibly get back in if it retraces). For more research insights, including trade ideas, get in touch...
Speculative short term trading opportunity. Following it's post-earnings decline, the share is approaching a gap fill from the Wednesday 28 June advance. Simultaneously, the share is outside of the lower boundary of it's rising 2SD 50 day linear regression trend channel, support the potential for an 'oversold' rebound. Do note that the US Federal Reserve is due to...
This is a short term swing idea. The share carries higher-than-average risk profile hence a smaller percentage of a trader's portfolio might be allocated to the idea. The share is attempting to clear the downward trend line extending back to the 15 June swing high while on Tuesday, above-average volume was noted around horizontal support, possibly suggesting fresh...
Considering the weekly chart (medium term time frame), CZR appears to be in the process of developing an ascending triangle formation. Clearing the overhead resistance at $57 paves the way for a gap close at 59.30 and potentially a move to $64, followed by $67. The momentum indicators also support a bullish structure with both the 7 and 14-week RSI's emerging from...
The energy sector is one I discussed in my 03 July 2023 report, highlighting the related ETFs as well as the oil price which, at the time, had a pending breakout. The underlying commodity (oil) has since started to turn higher, which may be a boost for the sector, which also saw strong buying activity in recent weeks. Exxon Mobil's key drivers are as follows: (1)...
For more research insights, including trade ideas, get in touch today. Early today, at 12:06pm (at 3723c), I published the following idea for our clients: Speculative Trading Opportunity. The short term price trend is strong hence the share could trade higher before starting to develop a topping structure followed by a bearish reversal. While currently 'strong',...
Update: AUD/JPY The pair is higher by 120 points from yesterday's suggested entry just after midday. Short Term/Active Traders can consider the following: (1) Bank/Take Profit on this trade. (2) Raise their stop-loss to protect capital (3) Scale out of the position as it approaches the full target The chart is 'current'.
My comment at the open: Update: Naspers NPN (1) Traders can bank/take profit on this trade. At the open, the share is higher by 4.9% from yesterday's suggested entry. The full target was a 5% (ungeared) gain. Short Term/Active Traders can also consider the following: (2) Raise their stop-loss to protect capital (3) Scale out of the position as it...
Speculative Trade Idea: The pair could trade lower before developing a bullish reversal, hence a buy at current levels or better (lower). Key Drivers: (1) Retracement to prior breakout level (2) Trading at the lower boundary of the 2 standard deviation 50-day linear regression channel. Price at time of writing: 93.4810. Time Stop: 18 August 2023 TRADING...
Market Neutral: Buy DSY/Sell OUT A pairs traded I added to my research note yesterday morning. I meant to publish it here. Entry (Ratio Level): 4.12 Stop: 4.00 Target: 4.38 For more research insights, including trade ideas, get in touch today.
Speculative Trade Idea : The share may trade lower before continuing it's short term advance, hence a buy at current levels or preferably better. Key Drivers: (1) The share has, in the form of falling channel, retraced to the mean (mid-point) of it's rising 2 standard deviation 21-day linear regression trend channel. This retracement also coincides with the...
An extract from my pre-market report. The annotation from the slide are excluded. To gain access, get in touch today. "Analyst Comment: We have seen a continuation of the medium term downward trend following Wednesday morning's pre-market data highlighting the index trading in a ultra short term high bullish momentum regime but likely to be sold off as it...
Market Neutral: Buy MRP/Sell TFG? Applying a 2x, 21-day linear regression trend, the pair is trading in an oversold range. This may offer an opportunity to buy MRP and sell TFG. For more research insights, including trade ideas, get in touch today. Levels: Entry: 1.49 Stop: 1.45 Target: 1.57
ABG - S/Term: High Bullish Momentum, Approaching Overbought A chart from today's report. To obtain the full detail of the slide, get in touch today. Automated Comment: "Aggressive buying however, do not chase. Look for overshoot and failure to hold prior session range highs to short/sell back to the 8-EMA."