Previously we saw the price break above the Inverse Head and Shoulders. It was short lived and the price came back down to the support (which was a resistance). Now it's testing the uptrend and the 200MA. If the JSE continues up, then it should bring up the price which will give us a conservative... 7>21>200 RSI>50 Target remains at R340.76
Inverse Head and Shoulders formed on Clicks. The price broke up and then there was a consolidation to the downside forming a somewhat Falling Pennant. During this time the price bounced off the 200 MA and the uptrend. This coonfirms the upside will continue along with other indicators. 7>21>200 RSI>50 Target remains at R340.76
You pay less at Clicks but the price is going up so now is the best time to buy. We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come. We have other indicators confirming including: 7>21>200 RSI>50 Target R340.76 ABOUT THE COMPANY Clicks is a well-known South African retail...
Inverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed. We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls. Other indicators confirm: 7>21>200 RSI>50 Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76 ...
JSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions. How low can it go? Note that JSE:CLS and JSE:MRP are also weak.
All three momentum indicators have crossed downwards on JSE:CLS signaling a short position. Our target is around the 264 level.
JSE:CLS has been trading in a sideways consolidation zone since early May. With the price action on the 16th of Aug we finally broke out of the sideways move. If it continues up, I think we could be looking at a nice long position.
JSE:CLS has been on a good run lately and has continued to form new all-time highs up until the previous high on the 22nd of September. At the same time, it has been consolidating sideways mostly since mid August. With today's downwards price action, we have broken out of the bottom of the consolidation area. If this downward momentum continues, I think we could...
Last year, on the 14th December 2020 we wrote an article about our Investment Club software and our in-house company portfolio which we run on that software. As we said in that article, running this portfolio has proved to be a highly motivating exercise for our staff. Since 14 December last year, there has been just one change to the portfolio, when the Clicks...
JSE:CLS is showing signs of upward momentum based on our trend-following strategy. However, it is struggling to form higher highs and break the down trend that it has been trading in for the past month or so. If it breaks this trendline, I will consider entering a long position.
You can start shorting Clicks. I do like the company - corrections are healthy for markets and their participants.
JSE:CLS failed to make lower lows and bounced off the support level instead. It looks like we might be looking at a move upwards. All of the indicators in our Momentum Strategy have turned upwards indicating a long position.
Although it is trading in a channel, JSE:CLS is showing some downward momentum. It may very well bounce up off of the bottom of the channel, but if it breaks through, I will enter a short position. Beware of the 200SMA, though, that may act as a support level.
Clicks JSE:CLS seems to be bouncing off the bottom of a 100-day regression channel, supported by the 200 EMA line and a decent double bottom pattern. The leading RSI and Stochastic indicators signalled a trend reversal on 26 February 2021 by turning up through 50 and crossing up through the slow line from a low base, respectively. The MACD (lagging) confirmed...
After a nice move towards the bottom of the channel, JSE:CLS has bounced off of the bottom again and looks like it may be heading to another test of the top of the channel. It has been bouncing around in this channel since July 2020.
Although JSE:CLS is trending in an upward direction, it is also trading in a parallel channel. It bounced off of the top of the channel and seems to be retracing. For the moment, I think it is possible that it will retrace down to the bottom of the channel before turning up again. The bottom of the channel also coincides with a strong support and the...
JSE:CLS has reached a level of resistance and is showing some downward momentum. The stochastic and MACD has both crossed downwards and the 2 EMA's have confirmed this momentum. I will look to go short if it trades lower.
JSE:CLS is looking good for a long position. We could see a move up to the resistance zone at around 25000. With today's movement so far, I would wait for confirmation before entering.