SchalkLouw

SchalkLouw

And that brings Feb19 to an end. Two down, ten to go! JSE:J200 ($JTopi) having a great start to the year - up 6.92% YTD. Top performer is still Investec Ltd, at 15.9% YTD. Question remain - time to take some profit or does it still have some legs? Analysts still forecasts Investec to be in the region of R112 over the next 12 months and with the planned...

SchalkLouw Updated 

End of week 22Feb19. Another week dominated by mostly Resources & also JSE:CPI . JSE:AMS also ended off the week at a 52-week HIGH. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:WBO 17 JSE:TON 19 JSE:REB 23 JSE:DLT 23 JSE:HYP 23 JSE:IMP 82 JSE:AGL 81 JSE:AMS 81 JSE:CPI 77 JSE:KIO ...

SchalkLouw Updated 

End of week 15Feb19. Another week dominated by Resources. FTSE/JSE Allshare ( JSE:J203 ) Top5 oversold/overbought according to 14day RSI indicator as follow: JSE:OMN 14 JSE:WBO 16 JSE:DSY 23 JSE:TON 23 JSE:MNK 28 JSE:IMP 83 JSE:AMS 80 JSE:KIO 80 JSE:BHP 79 JSE:SGL 75 Spending a few minutes on one of the most oversold companies of the...

SchalkLouw Updated 

Investec PLC remains one of my favorite picks for 2019. Not only should we see value unlocking through its planned unbundling of the asset management business, but most analysts forecasts (Source: Thomson Reuters consensus) targets the share price, 25% higher in 12 months. Technically, we’re seeing a nice little turn in the 50-day moving average (from downward...

SchalkLouw Updated 

Global Tech companies making a great comeback since giving brave investors the best Christmas (time of Low) 2018 gift ever. ISHARES TRUST GLOBAL TECH ETF now approaching its 200-day moving average at $162.91. Nice little inverse head and shoulders devolping, confirming the reversal in the downtrend. A break through the 200-day moving could see the share price...

SchalkLouw

Fairly stable week for most BRICS #currencies, thanks to some USD weakness. #SouthAfrica recovering some of last weeks losses. #BRICS currency/USD movements for this week: Brazil -1.3% Russia +1.4% India +0.4% China +0.9% South Africa +0.5% Euro/USD +0.4% I must admit that the one currency that is looking mighty interesting technically this week, is the...

SchalkLouw

Let’s start off with the declaimer – I’m South African and I might just be bias. If you would ask me to buy one #ETF and one ONLY, this will be my recovery ETF. Is it still a country full of challenges? YES! Could it face further downgrades? MAYBE! Do South Africa know how to fix the problem and have the “management” to do it? YES! Watch $55.30 as a first...

SchalkLouw

Will be monitoring Sasol closely for the next day or two. A nice little Falling Wedge that’s developing, with the share price now trading at the top of the wedge. I will be monitoring both the R415 level as first resistance point and then the 50-day Moving Average at R418.78 as a possible breakout. Should this occur, Sasol could very much target the R448 levels....

SchalkLouw

Ok...so now the alarm bells are ringing loud and clear. First trend line broken and now flirting with the major bullish trend started September last year. As mentioned via my 7 Feb idea, the trend still seem to be intact, with the 50-day moving average still getting closer and closer to the 200-day (possible inverse golden cross - I just don't want to call it a...

SchalkLouw

Nexon Co. generates +/- half of it's sales from China, where Tencent distributes its popular game Dungeon & Fighter. In a statement released yesterday, they mentioned that they expect revenue from China to drop by double-digit percentage this quarter, contributing the main reason to the months-long freeze on new games. This drove Naspers down today to a key trend...

SchalkLouw

This just shows again that a small mistake, can have a big (negative) effect on a company's results and share price. According to yesterday's half-year trading statement, HEPS are expected to fall between 80%-100% compared to last year. The main reason: "Recognition of a material provision in respect of the anticipated loss to complete the OSAR Western Roads...

SchalkLouw

The #SouthAfrican $ZAR ( FX:USDZAR ) taking a bit of a breather this week. Technically still in bullish trend, with 200 day moving average getting close to 50 day. #BRICS currency/USD movements for this week: Brazil -1.9% Russia +0.1% India +0.4% China 0.0% South Africa -2.2% Euro/USD -1.1%

SchalkLouw

This still remain one of my favorite diversified mining companies. When everyone talk Iron ore, we automatically think Kumba. African Rainbow Minerals however also got a solid exposure to Iron Ore. Fundamentally the company is still sound and from a quantitative analysis basis, it still got some serious momentum behind the share price. Technically - the share...

SchalkLouw

No huge alarm bells yet for the $ZAR (compared to USD), but definitely something I'll be monitoring in the next few days. At around R13.80-R13.85 I will get worried. Over the long-term I still believe the ZAR is fairly valued at R12.50/USD. For now it clearly seems that the world likes the #SONA2019 thus far.

SchalkLouw

BATS was the most Bought company during January 2019 by the Top10 largest General Equity #UnitTrusts in South Africa, with 4 out 10 funds adding to their end of December holding. Looking at the graph and recent price movement, it clearly shows. It recent broken it' s negative short-term trend and now trading above the 50-day moving average (R465.93). One swallow...