Grindrod (GND) is an international freight and financial services company operating in twenty-eight countries. The significant change in the company's structure came in mid-June 2018, when it unbundled and separately listed its shipping division, Grinship (GSH), leading to a notable drop in its share price. Post-divestiture, Grindrod's focus sharpened on its...
The W Formation target reached at R12.60. We then had a skew Cup and Handle, which the price has broken above its brim level today. It's another High Probability position as the Price>20 Price>200 Next target will be at R14.40. WIll update you on anything if it changes.
Grindrod (GND) is an international freight and financial services company operating in twenty-eight countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making shipping division, Grinship (GSH), which explains the significant drop in share price at that time. Post-unbundling, Grindrod has concentrated on its two core divisions: freight...
See link below for previous analysis. I am updating wave 5 to an ending diagonal aka rising wedge. Price can still make new highs but MACD/price divergence is a clear sign that upward momentum is waning. I am still bullish to neutral as I am forecasting two more waves to complete the ending diagonal.
Looks like a nice area to get long for the next move higher.
Grindrod recently came out with a very good set of interim results reporting record export volumes at its Maputo port and growth in excess of 20% in revenue and headline earnings. A purely fundamental reasoning would suggest one should buy the stock now. A look at the Elliott Wave structure from the April 2020 low shows a need to be cautious. The rally from April...
On our analysis of JSE:GND on the 28th of August, we saw how price was in the last phase of a bullish penant on the Weekly Chart. price had left a gap around R10.00~R10.20 levels that has to be closed before confidence can be put into any further upward movement, although the presence of a rising tripple bottom on the daily time frame with a bullishly broken...
Grindrod (GND) is an international freight and financial services company which operates in twenty-eight countries. In mid-June 2018, Grindrod unbundled and separately listed its loss-making shipping division (Grinship - GSH). This accounts for the "cliff" in the share price at that time. The company is now focused on its two remaining divisions - freight and...
W Formation formed on Grindrod since March 2023. And the price has finally broken above the neckline. This gives a decent signal that there is upside to come from the buyers. Other indicators confirm too: 7>21 Price>200 RSI>50 Target 1 will be with a Risk to Reward of 1:2 at R12.60 ABOUT THE COMPANY Diversified Group: Grindrod Limited is a South...
JSE:GND has had an unbelievable turnaround in its share price. In june 2014 the share price kissed its tripple top resistance goodbye and the price took a massive beatdown. Price found some support in the R9.56 ~ R10.60 zone, which it then broke and immediate started a falling wedge. The falling wedge played out beautifully and price formed a cup back to the...
A price action above 970 supports a bullish trend direction. Increase long exposure for a break above 1000. The first target is at 1020 (78.6% Fibonacci retracement level). The second target is at 1050. Stop-loss is at 960. Testing its 200-day simple moving average, which might act as major support. Earnings are due on 25 August 2023.
I'm anticipating an inverse H&S pattern on this stock over a long term. The channel will provide a critical support levels from which we expect the stock to bounce.
A price action above 1070 supports a bullish trend direction. This is also the ideal entry price range for a long position. Increase exposure for a break above 1100. First profit target is set at 1130. Second profit target is set at 1170 (upper range of the linear regression channel pattern). Stop-loss for a break below 1060. The price action might progress upward...
A bullish trend is applicable. Ideal long entry around 1050. Increase exposure for a break above 1100. Target price is set at 1140. Stop-loss at 1030. Negate the bullish bias for a break below this level. I like the potential repetitive fish-hook pattern. Remains a risky trade.
A typical Elliott wave count is unfolding. A corrective wave back to 760 and 520 seems likely. A break above wave b which is around 1150 will negate the wave count. The Elliott Wave theory is a theory in technical analysis used to describe price movements in the financial market. Waves can be identified in share price movements and in consumer behavior. Investors...
- The powerful uptrend and channel has broken down on Grindrod together with the 20ema crossing below the 50ema, first time since January 2022 where it began its rally from R4.50 - I would be cautious to the long side aalthough corrective pullbacks are likely. - Next supports is R7.92 and the 200dma at R7.30 .
JSE:GND , following a good run, has pulled back to a rising, probably flattening, 30 MA. Can play the dip, keeping in mind that most of the dips kept on dipping.
drindrod is the hottest kid on the block right now a strong move up to fill the gap is pretty much intact