A price action above 30000 supports a bullish trend direction.
Further bullish confirmation for a break above 308000 (its 23.6% Fibonacci retracement level).
The target price is set at 32000.
The stop-loss price is set at 28700.
Remains above key support (see the black dotted trendline).
Remains above its 200-day and 200-week simple moving averages, supporting a...
Clicks (CLS) describes itself as a retail-led healthcare group. It incorporates Clicks, GNC and The Body Shop. Clicks has 782 stores of which 585 include pharmacies - which makes Clicks the largest pharmacy chain in Southern Africa. Although more retail outlets are installing pharmacies in their shops, the listed Dischem is Clicks main competitor. Probably the...
Clicks Group Limited reported earnings results for the half year ended February 28, 2023. For the half year, the company reported sales was ZAR 20,005.79 million compared to ZAR 19,557.6 million a year ago. Net income was ZAR 1,151.76 million compared to ZAR 1,205.68 million a year ago. Basic earnings per share from continuing operations was ZAR 4.721 compared to...
This is a 2-day chart.
The share is higher by 22% from the buy/long signal as per the tactical trading Guide on end of day on Friday 20 October (proof of reading can be provided, just ask!).
As per the Tactical Trading Guide, the end of day SHORT TERM reading is currently as follows: "Would not enter a buy/long at current levels. The reward-to-risk is...
Clicks (CLS) describes itself as a retail-led healthcare group. It incorporates Clicks, GNC and The Body Shop. Clicks has 782 stores of which 585 include pharmacies - which makes Clicks the largest pharmacy chain in Southern Africa. Although more retail outlets are installing pharmacies in their shops, the listed Dischem is Clicks main competitor. Probably the...
Might the 200-week simple moving average act as major support?
A price action above 25500 supports a bullish trend direction.
Further bullish confirmation for a break above 26500.
The target price is set at 27800 (its 78.6% Fibonacci retracement level).
The stop-loss is set at 24300 (its 23.6% Fibonacci retracement level).
Fading downside momentum supports the trade idea.
Clicks group is showing good signs that its R255.00 level is holding as support
which provides a a 2:1 reward to risk ratio off longs at current levels
Entry : R256.00
stoploss : R240.00
target : R292.00
Clicks is in a bullflag that will culminate in a cycle low, the share needs to have 8 September as a cycle low for it to remain right translated (somewhat bullish). For price to confirm a yearly low we need to close above the green resistance on a monthly basis, a tall order. Earnings come in week 21, which is close to a cycle top & a time for an expected daily...
Previously we saw the price break above the Inverse Head and Shoulders.
It was short lived and the price came back down to the support (which was a resistance).
Now it's testing the uptrend and the 200MA.
If the JSE continues up, then it should bring up the price which will give us a conservative...
7>21>200
RSI>50
Target remains at R340.76
Inverse Head and Shoulders formed on Clicks.
The price broke up and then there was a consolidation to the downside forming a somewhat Falling Pennant.
During this time the price bounced off the 200 MA and the uptrend.
This coonfirms the upside will continue along with other indicators.
7>21>200
RSI>50
Target remains at R340.76
- Price is struggling to move higher here and will likely go test R268-270 or lower.
- MACD has signaled a bearish crossover.
- R276 beaks the bottom of the range .
A bearish MACD crossover occurs when the MACD line, representing the difference between short-term and long-term moving averages, crosses from above to above the signal line. This crossover is...
You pay less at Clicks but the price is going up so now is the best time to buy.
We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come.
We have other indicators confirming including:
7>21>200
RSI>50
Target R340.76
ABOUT THE COMPANY
Clicks is a well-known South African retail...
Clicks has been trending downwards, now price has reached the pink upward slopping trendline just below the 200 week moving average. Here we are looking for a swing low on the weekly time frame to confirm the trend has changed & this is cemented by price closing above the blue trendline. More risk accepting investors can buy on the swing low while those seeking...
Inverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed.
We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls.
Other indicators confirm:
7>21>200
RSI>50
Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76
...
Clicks group is forming a massive IHS pattern over the last 4 months.
aggressive entries at the right shoulder location provides a nice 2:1 reward to risk ratio
The stock is battling here with the overhead resistance of the major downtrend and 200 day moving average.
RSI turning down from overbought.
Initiating a short here at R264-269 to target R250 initially. A daily close above R274 negates the idea.
Clicks has forever been a darling of the JSE.
After over a decade of steady gains, the share is starting to show some cracks.
From mid-2018 to just recently, price was trading more choppy and contained in a ascending channel.
Price has recently broken and closed below the lower support trendline of the channel indicating that the bears have wrestled control.
More...
