My set-up for Investec -things appearing very bullish. Price might rise to 3800 area, then reject down to 3400, and break away up in a bull trend.
Bullish interests.
this video entails some of the large Assert Management Companies here in South Africa every week we are going to look at a specific sector on the JSE and try and break it down to find investment opportunities
im not a professional speaker but ill try to improve quality and analysis as time goes on
JSE:INL has been trading in a parallel consolidation channel since December but it seems to be breaking out with today's price action. If it confirms with tomorrow's price action, it could be setting up for a short position towards the support zone around the 7700 level.
JSE:INL has encountered resistance and will most likely turn downwards for a short.
The stochastic is also turning down through the 80 which is a possible reversal sign.
And that brings Feb19 to an end. Two down, ten to go! JSE:J200 ($JTopi) having a great start to the year - up 6.92% YTD. Top performer is still Investec Ltd, at 15.9% YTD. Question remain - time to take some profit or does it still have some legs?
Analysts still forecasts Investec to be in the region of R112 over the next 12 months and with the planned...
JSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern.
"As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout...
Investec has had a nice little run of late, but it is now consolidating at resistance formed by the 89 & 100 day moving averages. Last time this happened in November, we saw the share come under significant pressure. Price has also stalled at the 61.8 fib retracement of the most recent swing high and low. Volume has been very light on the way up which makes me...
Investec Ltd has retraced back up to it's 89/100 day moving averages which previously provided resistance in November last year. We have seen price consolidate under these moving averages after having retraced 61.8% of the move from its most recent swing highs and lows. RSI indicator is starting to form some divergence and turning lower. Looks to me like we should...
