There has been a change in the wind for City Lodge. A small but evident Cup and Handle has formed. 7>21MA Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up, Target 1 = R5.00
Rising Wedge broken down Inv C&H broken down From the previous major fall, it seems like buyers and volume of demand is just not weighing up. I can see this stock crashing down to the next target R2.29 What do you think?
CLH made an all time low in November 2020 and bottomed at R2,22 per share. Amidst covid-19 uncertainties, travel restrictions and registering operational losses, the share price gradually made its way to a peak a year later at R6,50. The advance, with overlapping 5 waves, is a textbook leading diagonal which is bullish base for further upside. The leading diagonal...
- The stock is moving up off a decent consolidation period, volume pickup - While R4.10 holds , we could get a move towards the 200day moving average -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:CLH
Its like that it can fall to 2 bucks a share, after it broke 6.92 resistance all odds are downside to complete the pattern.
Looks like a possible reversal candle of support on CLH. It rallied a few times of this support line. Trade ideas are my own and not financial advice.
City Lodge (CLH) - Upper resistance R6.50 - Price has just smashed through the 50 day Moving average and looking bullish. We're long here at 5.43 for a bounce. It might also pay to hold this one a bit longer because if occupancies improve (which they should), we should see the stock aim much higher.
The attached chart is an extract from today's report which includes: 1. US Market Snapshot - As At Friday's Close: Sectors, Fixed Income, Factors, Yields and More 2. Top of the Week - Analyst Thoughts 3. Leaders & Laggards 4. Pre-market thoughts 5. All Country World Equity Index (ACWI) 6. S&P 500 Futures 7. Credit Spreads 8. JSE Platinum & Precious Metals...
Price is forming this ascending triangle. The LT trend is down so taking a long pos here would be trading against the trend. There is a 1:6 R/R ST. Manage you risk accordingly
Systematic trend following trading strategy. Cross & Retest, price close above 50 EMA
I really hope this one survives and that people will support it, from an investor side as well as from a tourism perspective. The price chart position is long, if hopes stay alive.
Seems to have fallen to the support line of this triangle formation, really want it to hold above that line and keep the positive momentum.
There is an IHS setup here. Bear in mind that this stock is pretty beat down and this a prime example of trading against the trend and it is indeed a very strong downtrend. I see a setup and, I'm taking the trade with more stringent risk management.
I am pretty impressed with this one so far, was worried the lockdown would knock it down, so far it's still holding.
City lodge. A nice stock to play around with especially during a pandemic. Rsi trading.
Lockdown gave it a smackdown, let's see if this last line can hold.
Let's see if this could be the week that we get moving here.
Indicators also looking good for a move upwards