See link below for previous analysis. The previous analysis was quickly invalidated; this is why we use stop-losses! The stock has been trending downwards for over three years now and looks likely to set a new all time low below 128. A break above the upper resistance trendline would give an early signal for a potential reversal but there is no sign of...
Balwin Properties (BWN) is a developer of secure sectional title properties in South Africa. The company is now turning its attention to renting out some of the properties that it develops to improve its income. The company reports strong demand for its units and is also moving into supplying solar power and internet fibre. The share was listed 5 years ago at R10...
Since reaching a peak of R5,34 in January 2021, BWN has has been in a correction. The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards. Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it. The MACD...
the market is in a beautiful ascending channel, we also have a few hammers on the support level... some investor may want to pick up some shares here
We expect the share price of Balwin to increase to hit the all time major Resistance zone of around R10-R11 PRICE PER SHARE. This will be a great move for the share price of Balwin for a long time frame period
JSE:BWN - The stock has been in strong downtrend - Some consolidation so on the watchlist - Aggressive entry will be Daily close above R3.15 else what for confirmation around R3.50
-WATCH FOR A BREAKOUT -WAIT FORE RETEST -EXECUTE WITH CONFIRMATION