Took three months to reach first target and not in a straight line either. Second target 17700 looming.
There is a high chance this guy might gain their weight a little bit
Astral foods has been consolidating in what could turn out to be a bullish inverted head and shoulders. Watch the 14450 level carefully for a challenge and a break in coming weeks. A break of the neckline could open 16000 and 17700 targets. No position. Watching
JSE-ARL: Has been stuck in a falling channel which began towards the end of May This is an intraday break and the stock needs to consolidate above 13457. I am looking for 14731 and later 16613
HELP The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now. The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster. The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which...
Aiming for a continuation of the downwards trend
JSE:ARL The share has been trending down and the 200 week EMA seems to have held well as resistance. With a couple of fake breakout above the 200 week EMA. We have a bullish divergence with the price making lower lows but the MACD making higher lows. I will now wait for the break through the resistance level of R166 and close above R170 (3%) Potentially closing...
- The share has been sold off hard together with other markets - Price is back to a level of interest , trendline support going back to 2014 - Looking for price action to give clues of support and a possible reversal -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
ARL broke down of a symmetrical triangle. The price did bounce but formed a bear flag. Target of triangle R117.50
JSE:ARL - H&S confirmed after breaking NL (13803) A first positive signal was a break above the falling trend line (13652) If this plays through, TP 14600 Caution: RSI (14hrs) is close to overbought at 70
Astral trading near the bottom of this parallel channel. Look for a reversal at these levels as a possible trade to go long.
Astral held support nicely and looks to be bouncing. RSI nice and strong, I reckon we could get the move to top line resistance at roughly 178.00.
Bull flag setup, strong outperformer, strong bullish momentum.
With strength in the background, we were looking for the bounce of the yearly pivot point in the previous post (see below). Now there has been another spring to the 200SMA. A good reversal bar with some volume could indicate the markup is now ready to go.
After a downtrend and selling climax (SC) Astral Food has been in a trading range for most of 2019. This looks like an accumulation trading range. There has been signs of strength (SOS) with an upthrust in May and markup in Phase D in November/December. After a backup (BU) on decreasing volume back to the yearly pivot point some volume is pushing price up. This...