We've held onto the Sasol short and extended the take profit. Purely based on the bigger picture on a weekly chart. There's an even larger Inv Cup and Handle. Price has broken below the Brim level and entered into a Down regression channel. By the looks of it, the price will tank down to R83,96. The nature of the trade is HIGH probability as the Price<20...
We saw Capitec form a W Formation. The price broke above the neckline and then made a fakeout. Now it will be testing the uptrend support line before further upside to come. I am bullish cautiously, but we still need the demand levels to pick up. The target will then be R2,485.00
SUI is trading in a clear upward channel and currently the price is trading near the bottom of the range or area of support. One can look to go long any price below 39.00 with minor resistance at around 43 - 43.20 initially. Stop loss is a close below 36.70
JSE Relative Sector Status and Change, as of yesterday’s close (Sector Rating Change Relative To The Top 40 Index) See if a sector is improving, unchanged, or weakening relative to the high time frame.
JSE Relative Sector Ratings, as of yesterday’s close (Sector Rating Relative To The Top 40 Index) See in which phase a sector is in according to the time frame.
JSE Technical Summary: End of Day Monday 18-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.
Montauk Renewables - Bio-Gas Supplier as we all know. This Chart Depicts the Highly Cyclical nature of these Commodities. It's one to Trade, not a long Term Investment. The recent sell-off could soon offer an Entry Opportunity. But we need to wait for a decent reversal of the current Down Trend. My last Trade yielded +60%. However only had R5000 in. But I...
A price action above 56500 supports a bullish trend direction. Further bullish confirmation for a break above 58100. The first target price is set at 59800. The second target price is set at 62800. The stop-loss price is set at 55300. The 200-day simple moving average might act as major resistance. Remains a risky trade.
Sappi has traded strongly recently and has now managed to break the yellow downward trend line. . As such, we could possibly see a retest of the yellow band before moving higher or, price could continue moving upwards in this relatively strong move. Initial target on this move would be around 58.18 and stop loss would be placed on a close below 40.80 or, on a...
Afrimat has printed an Inverse Head and Shoulders Pattern. I know the Shoulders are small & Cute! In this 1 Year Study Analysis I've Switched to a simple line Chart as to easily depict the Pattern. The Chart Depicts the possible Upsides. As always get a few Experts Advice before making any Investments or Trade decisions. Smash that Rocket Boost Button to show...
Standard Bank (SBK), a stalwart in South Africa's financial landscape with a 160-year history, stands as the country's second-largest bank by market capitalization, trailing only behind First National Bank. Its footprint extends across Africa, with operations in various countries on the continent contributing 34% of its headline earnings. Notably, 20% of its...
York Timber Holdings (YRK) is a prominent forestry company in South Africa, boasting ownership of plantations, processing plants, and a wholesaling distribution network. Established by Russian immigrant Herman Katzenellenbogen in 1916, the company has been listed on the JSE since 1946 and holds a significant position in the country's plywood and timber...
Clientele Life (CLI) operates as a small insurance company specializing in the sale of short- and long-term policies and underwriting insurance products. The company distributes its products through agents, brokers, and tele-sales channels. In its financial results for the year ending 30th June 2023, Clientele Life reported a 15% increase in headline earnings per...
MC Mining (previously "Coal of Africa") (MCZ) operates as a small metallurgical coal-mining company primarily focused on its single producing mine, Uitkomst. In addition to Uitkomst, the company is actively developing several projects including the Makhado project, the Vele colliery, and MbeuYashu. Among these, the Makhado project stands out as the flagship...
Libstar (LBR) is a recently listed decentralised food and beverage company that specializes in producing "consumer packaged goods." The company successfully raised R3 billion in an initial public offer (IPO) in May 2018. Libstar boasts ownership of prominent brands like Denny, a leading mushroom supplier, and Lancewood, renowned for its dairy products and other...
JSE Sectors vs Moving Averages, as of Friday afternoon: vs 8-EMA vs 21-EMA vs 50-EMA vs 200-SMA
JSE Technical Summary: End of Day Friday 15-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.
The monthly chart of PPH shows we had a falling wedge from which price broke to the downside, we have had a swing low on the monthly chart, if we recover the wedge we will have confirmation that the move down was a false breakdown, this will be a very bullish setup with price expected to move swiftly to close above the purple resistance. Stop-Loss If we get...