It's been a very tough year for swing traders. Go long the market drops. Go short the market rallies. Don't do anything and you save from the burn. But in the bigger scheme of things, it looks like we are in an accumulation phase. The accumulation phase is a period in which smart money (informed and experienced traders or institutional investors) is...
Falling Flag formed on Redefine and the price is officially breaking up and out of the range. This is bullish for the company as the JSE ALSI is also showing strong upside to come. We also see the 7=21 and is about to cross. Price>200 - Bullish RSI>50 Target 4.39 ABOUT THE COMPANY Redefine Properties Limited is a South African-based real estate investment...
Cup and Handle has formed on JSE ALSI. The price broke above the Brim level, came back and tested the support showing upside is on the cards. 7>21 Price remains below 200MA but as I like to say, the more it tests it the more likely it will break above like thin ice. Target remains at around 76,185
After a difficult year, Transaction Capital finally hit the support at R4.00. SInce then, the buying and demand has picked up greatly. This lead to the first target being hit at R6.88. With the continuous upside momentum, we will most likely see the price head next to R11.50. It's a long recovery for the company, but with new management in place and demand...
W Formation is forming on Mr Price. It's been in a consolidation range since March, which prior that was in a continuous downtrend since April 2022. Now the price has broken above the downtrend, which is currently testing the support. And if it breaks above and through the neckline, we will see upside to come for the retail giant. This also falls in line with...
While not a perfect construction this does look like an inverse Head and Shoulders. A break above the neckline resistance at 39.85 should see this poised to move to 42.00 and then the target of 43.30 which is almost 9% higher. Note price has been consolidating above the 200dma now for 13 days which is quite significant and i think the probability favour an upside...
Similar to the previous analysis with City Lodge I just did, Hospitality, Hotels and entertainment sectors are showing strong upside to come. Whether it's because of the strong earnings, pause of interest rates, more foreign investments with the weakening dollar - Who knows. But the charts, are showing upside to come. We have the Cup and Handle formation, a...
Redefine has been easy to probability predict in the last two years. It's been on one strong trajectory down. And after each crash, there is a relief rally to buy and profit from. However, now we are in tricky territory. There is a Broadening Triangle being formed which can break either way. That's the difficulty with Broadening patterns. My bet is DOWN...
Naspers has been consolidating in a +-20% range between the high and the low for 2023. Let's hope we get a Xmas rally to break the upper boundary limit and end the year on a high.
Cup and Handle and Triple Bottom has formed on ALSI over the past two months. Sentiment has been turning bullish with international factors. On the one hand, America has paused interest rate hikes which is leading to a global rally. Four main reasons why a drop in Interest rates causes a market rally namely: 1. Cheaper borrowing for companies 2. Higher...
Rising Flag formed on Sasol after the continuous downtrend. We see price remains below 200MA which makes a nice risk and reward trade for the short. Target remains at R184.52
We posted this Diamond Formation earlier in the year. The price broke below the formation, and since then it's been on a way way trip. Price<200 which signals a confirmed bear market. Target remains down to R60.65.
Impala Platinum has clearly been moving in a down channel. It's failed to break the support level at R72.29. This means, we could be getting some buying momentum and demand, which will drive the price up. I would wait for a solid breakout above the channel, which will signal a more promising buy. Then my next target will be R128.76
Yes we made a probability prediction on this large move down. It's close to the target of R16.89. But it's never good betting or hoping for a stock to crash and burn. There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down... This is a reminder that...
THe first Cup and Handle formed and the target was set to R3.55. Last week it hit it and in the pipeline another LARGER Cup and Handle formed. With the Moving averages all looking up 7>21>200 and with RSI making higher lows. The next target will be set to R4.40 Very bullish for PPC
Nasdaq and Dow Jones have been leading the pack with the indices. And now it looks like the JSE ALSI 40 is about to catch up. It's broken above the downtrend since 1 August 2023 and is showing upside to come. During the process, it's formed an Inverse Head and Shoulders. The right shoulder is not the most attractive with the neckline, but it's the overall...
Premature W Formation has formed on Motus. Right now it's battling between the sideways formation along with the resistance being the top of the trend line and the boss 200MA... Once it breaks above there, it will test the neckline. If it tackles through the neckline, only then will it look good enough for upside to come. But first, we need to wait for...
Which way? Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction... However, the trend has been sideways before this. It's been in the Twilight Zone for over a year. And it gets worse. When the price oscillates up and down in between the 200MA - You know...