Timonrosso

Timonrosso

To trade well is nothing more than a calculated dance on the trading floor. You need to navigate the volatile seas of markets and understand the essential elements of a trade. And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading. And that is, the elements that make a...

Timonrosso

This has been a long winded analysis. We sent out this one on 22 Dec 2023, which gave a Conservative entry from the Dimaond Breakdown. And now the momentum is picking up to the downside. We also have an Reverse Inv Cup and Handle which is rare but also effective. The Nature is still High probability as the Price is below BOTH 20MA and 200MA. Target...

Timonrosso

Bearish Diamond formation is potentially forming on JSE Top 40. We've seen bearish tendencies for the market with momentum downside. Price<20 and Price<200 - HPT We DO need this price to break below the Diamond before the likelhood is higher for big downside. But knowing indices, they always tend to suprise and the market makes a big rally. ANyway, the...

Timonrosso

Not my favourite market to trade due to the high volatile nature. But the analysis has shown, upside is likely to come. The price is above both 20/200SMA and it's formed a Cup and Handle pattern. Conservative traders might wait for the retrace and bounce before getting it. Aggressive traders would already be in it. BUt the target for Santam will be...

Timonrosso

Today, we’ll start with what Fibonacci is and how to use it to spot significant market turning points. Let’s start with... A short story about Fibonacci In 13th century Italy, lived a man named Leonardo Pisano – one of the greatest mathematicians of all time. Leonardo (also known as Fibonacci), learnt all about Arabic and Indian mathematics during his...

Timonrosso

Haven't done an update on Nvidia in ages! The last one I did was for the members in May 2023. So yes, the price broke up and out of the pattern - hit the target level at $562. Now what? I hate predicting Reversals when the market is trending up as there are elements of ego that play around. So if it goes up, go for it! But there are certain potential...

Timonrosso

You can learn a lot from the classic board game we all know and love: Monopoly. And as a trader, if you decide to play it again with your spouse or children – you’ll find the game to be very different. That’s because you have a better sense of risk, reward, probabilities and money management. You have the patience to grow a sizeable portfolio and eventually...

Timonrosso

Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive...

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We see a W Formation, with the price moving and completing the right Double Bottom. Once we get a breakout to the upside, we could see major upside to R11.25. Right now and it's a wait and see but the fundamentals look good. UPDATE: On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023. ...

Timonrosso

We see Merafe has definitely entered into a Rectangle formation. Price is remaining above the 200MA where it could range between the high and low. We definitely need a breakout to the upside, before we see upside. The target potential will be at R1.61 if the price breaks above the Rectangle. Now I wouldn't be that positive and optimistic with this analysis,...

Timonrosso

Transaction Capital has been the come back duck since October. It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern. Since it broke above the neckline, the momentum has been on fire. This is just an update that the price is on its way to the next target at R11.53. UPDATE: Transaction...

Timonrosso

Our first aim was 16,956 for the Nasdaq 100, and wow, did it deliver, perfectly echoing our Dow Jones insights. It soared right to its initial goal of 16,956, just as we theorized. ANd it's been on the up ever since. But here's where the plot thickens—into a trending market. And let me tell you, this is where things get tricky. For breakout traders, finding...

Timonrosso

The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell....

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Harmony is one of the laggards with Gold. While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout. Once it breaks above, we will definitely get long and hold with a strong Risk to Reward. But right now patience is important, cause it could also fall South quickly. In fact, if you draw a Rectangle formation instead of...

Timonrosso

We sent out this update in July 2023, where a Vuvuzela (Broadening Formation) formed. INstead of waiting for a breakout, we were playing with the pattern's range instead. Since it bounced off the Support level it's been on the way to R4.75. And you can see the price almost touched it, before retracing back to the uptrend line. So have we been getting it...

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SInce the price broke below the Inv C&H, it's been moving first sideways and then it succomb. The price is below 20MA and still above 200MA. We expected the price to head to 200MA which it did. Then broke below and to the next support it goes to R86.51.

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Diamond Formation (Broadening) has formed on ANG. This is a rare formation that resembles a Diamond. It's also a formation between a tug of war between the Bulls and the Bears, until there is a breakout. Now either I'm a Gold bullion, or intution is just telling me we are in for a breakout to the upside. And funny enough the indicators don't agree as...

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REMEMBER No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels. Stop loss to stop yourself from furthering losses Time stop loss to get you out of non-performing trades Adjusted stop loss to lock in profits when the market moves in your favour. Risk % per trade to only lose a certain amount of...