WeBuyCars was separately listed on the JSE on 11th April 2024. It was unbundled from Transaction Capital (TCP) in order to raise capital and to protect it from that company's difficulties in its taxi division. The company has 417,2m shares in issue which began trading on the JSE at around R20 per share giving it a market capitalisation of just over R8,5bn. The...
Sasol has shown a decent recovery from the last selloff.
Also winning the recent Emissions court case seems to have Boosted the Stock Price.
The Chart is self Explanatory.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click...
Impala Platinum's last 1 Month recovery has been stellar to say the Least.
Just goes to show that CONVICTION does Work for those that are Patient.
I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart...
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...
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...
READING TIME: 1 MINUTE
THURSDAY, 11 APRIL 2024 | 06h30
THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT.
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these...
Afrimat, a prominent open-pit mining company in Southern Africa, provides a broad range of products including composites and construction materials. Until the end of 2015, it stood out as one of the JSE's top-performing shares, showcasing resilience and growth even through the COVID-19 pandemic. This growth trajectory saw the share price reach a peak of R76 on 6th...
Ellies, once a promising electronics company known for importing and distributing electrical products and providing solar power solutions, has experienced a significant decline from its peak in 2013, when shares were nearly R10 each, to a current value of just 2 cents. This drastic downturn is reflected in its designation as a penny stock, with approximately...
Tharisa (THA) stands out in the mining sector, focusing on the extraction and beneficiation of platinum group metals (PGMs) and chrome. The company's primary operations are anchored in the Tharisa mine, strategically located on the Bushveld Igneous Complex's south-west limb. This open pit mine boasts an impressive life expectancy of 17 years, highlighting the...
TGA
The accompanying reading is from my research model which provides an automated comment on a share for 3x time frames (ST, MT and LT).
Today, the short term rating states the following: "strong upside move but momentum slowing with sellers becoming active".
A few days ago I also noted that 140-143 was a level to reduce, i.e. the 200-day and the previous...
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.
SAPPI has performed great since it broke above the Symmetrical Triangle,.
The analysis was done in February, it broke above the Apex and since then has rushed to its first target at R56.60.
No ways, is this worth a punt to the short side. We can now expect some sideways chop, possible pattern form and then will provide another buy signal.
What is the...
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
Data as of end of day - Tuesday 09 April 2024
Candle Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's...
The share has started to find support off the provisional buy range.
My comment last week 02 April 2024 was as follows:
REM REMGRO - (1) Aggressive selling pressure but attempting to settle around multi-year support (it can fluctuate around this level) - down from 16300c at the beginning of the year (2) 48% Discount To Net Asset Value (NAV 23695c vs Last Close...
