South32 (S32) is a major player in the global mining sector, initially spun off from BHP Billiton in 2015 to manage BHP's South African coal assets. Today, it stands as a diversified miner involved in the extraction of base metals and minerals like zinc, coal, aluminium, silver, lead, nickel, and manganese, with operations extending across South Africa, South...
Orion Minerals (ORN) is an Australian-based exploration company, also listed on the Johannesburg Stock Exchange and the Australian Stock Exchange in Sydney. It focuses on the development of its copper and zinc assets in Prieska, South Africa. This mine, formerly operated by Anglovaal, ceased operations in 1990 after two decades of extracting significant quantities...
The Glencore-Merafe joint venture, a significant player in the ferrochrome industry, operates mines, furnaces, and smelters predominantly in Mpumalanga and Limpopo, South Africa. This joint venture is one of the largest ferrochrome producers globally, with the capacity to produce up to 2.3 million tons of ferrochrome annually. Merafe Resources, as part of this...
Ellies (ELI) is a South African electronics company that specializes in importing and distributing electrical products and supplying solar power solutions. Despite its early successes, Ellies has faced significant financial difficulties in recent years, highlighted by a dramatic decline in its share price from nearly R10 in 2013 to just 2 cents recently. Ellies...
Cashbuild is the leading retailer in Southern Africa for building materials and hardware, primarily focusing on the home improvement market. The company's growth strategy in the region, characterized by slow economic activity, primarily revolves around expanding its store footprint. This expansion is viewed as a positioning strategy to capitalize on any potential...
What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last...
Purple Group has disappointed many Shareholders. This is a 3 Year Study. I'm not Brave enough to call this Long yet, and will rather wait for more definitive Price Action above R0.90 However the Stock is way oversold, at the 7th Wave down. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my...
Naspers has been rangebound since December 2022. Going nowhere slowly.
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 inferences. The tables below highlight the following: (1) The...
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 inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
See link below for previous analysis. Truworths has met resistance in the 8441 to 8529cps zone. Though premature to call this a Double Top, how price action reacts around the 6697cps neckline will hold the key for the short-term outlook. I am neutral for now.
See link below for previous analysis. Gold and JSE Gold gold stock have been on a strong run lately. DRD clearly did not get the memo as the stock is trending up but very slowly comapared to its peers and with the tailwinds provided by the gold price. When such a disconnect occurs, one needs to take a deep look into the fundamentals which is beyond the scope of...
A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
A price action above 32600 supports a bullish trend direction. Increase long exposure for a break above 36600. The target price is set at 40800 (its 100% Fibonacci retracement). The stop-loss price is set at 33400 9its 50% retracement and also its 200-week simple moving average. Keep in eye out for the MACD bullish crossover that might support the bullish flag pattern.
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 inferences. The tables below highlight the following: (1) The...
Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months...