Danerutherford

Danerutherford

resistance becomes support!

Danerutherford

I like Zoom off this level. SL can be placed below the 200MA and the close of the power earnings gap seen in September. Sets up for great RR

Danerutherford

More educational than anything... Many people would've taken this breakout earlier in the day which ultimately came back down and didn't close above resistance. When swing trading breakouts I like to enter towards the end of the day which gives me a better understanding of how the market is acting and what the volume looks like. Also as with most JSE shares that...

Danerutherford

Although RDF and SA property have been struggling post lockdown I do think there is some lagging behind and a 'bottoming out' that has taken place. I like the 200 level here and has great risk reward opportunities. 192 as a tight stop.

Danerutherford

I'm a big fan of this set up. The lack of effort leading up to the breakout and 3 thin real bodies showing not much supply coming to this market. A retest of breakout on the 2nd day has given a chance to enter if the breakout was missed. Potential target could be 11846. We also note the large unfilled gap. Stop - 8864 or a tighter one just below the breakout candle.

Danerutherford

In the last month or so I have found it easier to trade these kinds of smaller patterns due to the markets lack of overall direction.

Danerutherford

Price is consolidating nicely under 9213. A break of this level on higher volume will trigger a long. There is a gap to fill which could be a first target. Golden cross in play too.

Danerutherford

Potential bounce play off a level?

Danerutherford

$JSEWHL - A daily close above 3565 would trigger the long. We have both moving averages and a nice break. Note - Potential Golden cross.

Danerutherford

$JSEWHL touched the 200 MA again after a huge move up today over 6.5%. Will be looking for a daily close above the 200 for an entry. If we see more upside we could also see a golden cross i the coming weeks too. One to watch technically.

Danerutherford

Fundamentally may be lacking but a close above 19011 could set up a nice play with the potential golden cross. Price is nicely placed above both MA.

Danerutherford

A break of current consolidation range and 200 MA resistance would be powerful. Golden cross also in play.