With the PLatinum price running up very nicely and setting it's for a rally - JSE PLatinum stocks are looking almost perfect to buy. We have a Cup and Handle with a breakout above and confirmed. We'll need to wait for Monday's Open price to confirm above the Breakout. NATURE: HPT (High Probability Trade) Price>20 Price>200 Target R170.35 Great trade...
W Formation has confirmed and formed after the announcement they are leaving Nigeria. This pumped up the price over 17% in a day. However, high volatility is always a risky biscuit and big candles normally results in the counter candle. So I'd wait for the price to break ABOVE the W Formation and for the price to break above the 200MA. Then the nature will...
Falling Flag - Breakout took place on 18 Dec 2024. The price stayed above 200MA but lingered between the range of 20MA. We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears. There is no strong indication when the price will rally but the analysis does remain the same until the price either...
We were very close to the analysis being null and void. But then, we had a change of wind and the market bounced off the lows heading back to the range. It then broke up and is now on the way to the next target at R3.91 Looks good still.
Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always...
What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last...
Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...
We recently saw it break out of the medium downtrend since January 20024. The price broke above the W Formation's neckline and above the 20 and 200MA. This states the medium term nature is HIGH probability for upside. The concern is the price gapped up and now needs to fill. SO I am patiently waiting for the Gap to close and then rebuy on the bounce of the...
Merafe was easily set to great upside to R1.72 This was due to a Box Formation, Upside and Price above the moving averages. But then 22 cents Dividend was given out which caused the share price to drop quite quickly. So is the analysis still on? I guess it is as long as it hasn't hit the risk level. But these are things to take into account and learn from.
M Formation has formed on PPC since November 2023. This is a very risky trade analysis due to the high volatile nature of the share. But if the uptrend holds strong and lower highs continue, we could see a very big fall with the cement company. Medium Probability Trade Price<20 and Price <200MA Target R2.37
BOX Formation has formed on Renergen. Also there is a rounding bottom. The price has broken above the neckline of the Rounding Bottom but not the box form yet. Once it does, we should get an easy indication that the market wants to head up. The nature of the analysis is Medium probability due to Price>20MA Price<200MA Target 1 will be to R21.82
Inv Cup and Handle has formed on Netcare since November 2023. It is a high probability nature that the price is likely to drop as the price is below both 20MA and 200MA. First target is to R10.36. NOTE: I do acknowledge that there could be a short term W Formation which could cause some chop and even short term upside. So this is indeed a medium term analysis.
Head and Shoulders has formed ont he dail since Early 2022... The price broke below the neckline and has since then, been showing lower highs within the down channel, We also have confirmed downside with the Moving Averages. Price< 20 and <200 It looks bleak but the system is the system, so the first target is set to R76.08
There are two potential rising formations to come for Sasol. Either Rev Cup and Handle or Inv Head and shoulders We do need the confirmation though for upside to continue to come. Moving averages yield a Medium Probability setup with Price>20 Price<200 Oil is also confiriming a short to medium term rally which will help push up the price Target R228.61
Head and Shoulders has formed on Absa Bank since 28 December 2021. Major downside to come if the price stays below the brim level. Price< 20 and <200 and the background has turned red. Target R76.08
Inv Rev Cup and Handle formed on the daily chart. Absa has been coming down on a strong trajectory, despite the upside in the US. Technically, we have a strong likelihood that the price will continue down. Price< 20 and <200 Target R127.02
Broadening Formation (Vuvuzela) and W Formation is forming on AngloPlats. We are seeing synergy with the upside with the platinum price and platinum stocks. I guess no suprise knowing they work in tandem with each other. Also, there is a good chanc eof upside with the price above both: Price>20 and Price>200 Wait for break above the necklines and we could...
M Formation has recently formed on PPC. We are seeing negative signs more than positive. On Tuesday, the price crossed below the 200MA which confirmed downside to come. Now we can expect a test and a consolidation period before further downside, but well need the price to cross and close below the 200MA first. Target R2.37