We have entered a long position on JSE:BID .
It has been trading in an upward channel for quite a few days. It retraced a bit and has bounced off the bottom of the channel and seems to be on its way up. We are looking for it to get some resistance at around the 28780 level and will exit the trade if it goes down to the previous support level at around 26200.
JSE:SAP formed a bearish engulfing candle pattern yesterday which could signal a reversal. This seems to be whats happening at the moment.
For the lat couple of months it has been making lower lows quit regularly. If the price breaks through the latest lower low from the 16th of Jan, I will consider entering a short position.
JSE:NPN has shown a bullish harami which is a strong reversal signal. This pattern formed at a previous resistance level which strengthens the signal.
We can expect a downward move as the stochastic is also turning.
If all goes well, w can expect it to go all the way down to the support at around 280000 and we will exit the trad if it breaks through the...
JSE:WHL had a tough time last week with it's poor results, but it is lining up nicely for a recovery upwards.
Last week ended by it forming a bullish harami which is a strong reversal signal. This level is also a support/resistance level from the recent past which solidifies the signal.
If we were to enter a long position, I would wait for it to break into the...
JSE:MRP has been trading in an upward price channel for quite some time and it has broken through the mid line recently and is looking good to go upwards. Along with this, the stochastic has recently turned up through the 20 line and the two EMA's have crossed upwards.
I will look to enter around the 25000 level with a target around the 26200 level
A dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move.
A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body.
This particular pattern has formed on quite a strong resistance level which solidifies the signal.
We will...
JSE:TFG has had a lot of downward momentum in the last few days. Looking to catch a bit of the wave with a quick short trade to the long term support level around the 15500 area.
We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed.
Although there is not much history on this instrument, it is also at a support level which solidifies the signal.
Descending triangle, its a bit confusing with the first break through the top of the trend line however it proves promising as its broken further through the support line
