Investec price is caught in a rising wedge and the weekly cycle is nearing a timing band where we see a swing high. Once the swing high is set we can expect price to trend downwards and close below the support line. At that point we would be watching whether price goes below R94.12, this would mean a failed weekly cycle signalling price descends into a yearly...
Looking back in time, we see that INP favours week 22 as point to make a high price before downtrend begins, the past week marked week 22 with a shooting star candle. On the daily time frame, price is seeking to make a cycle low after which a bounce will attempt to take out recent highs. The swing high that forms after this instance is a low risk short entry on...
I had previously anticipated that JSE:INP could break below the resistance level. The stock is moving in the opposite direction, invalidating the previous short idea.
A long trade can be initiated here, although it would've been ideal to buy near the breakout level, targeting the recent highs.
JSE:INP consolidating above a barely existing support level. The stock is trading below a (declining)150 dMA, the support level may not hold for that long. Based on this, JSE:INP is setting up for a short trade.
I have been bearish on local banks since silly season ended and Investec PLC having outperformed thanks to the share buy back scheme, now provides the better opportunity. We are actually seeing weakness with some follow-through today. Looking at the momentum indicators, we can just start to see them starting to point south so I would be looking to short any little...
Investec (INP) has shown increasing volume around R110-112 price level, if supply keeps elevated then price will begin to trend downwards. The RSI(14) is showing some negative divergence building up. A trend change lasting around 15-16 weeks will be fully confirmed if price at any moment goes below the blue line price R98.32. Risk averse investors can have this as...
Though price made a low on 29 September 2022, the volume on the advance is not convincing of sufficient buyers, for comparison look at move out of 7 March 2022. In the short-term price might move to the upper trendline. If price reverse quickly and go lower than 29 September then it will be a good short entry. One could attempt a long position to the trendline for...
Financials were promising prior the release of the Phala Phala report, political shenanigans are over now (hopefully). Took a long position as JSE:INP crossed R103 but the share price then got stuck in a limbo. The position is still alive, waiting for a breakout on either direction, preferably on the up side.
JSE:INP JSE:INL had an incredible run in 2021. Like most stocks, it's experiencing challenges in 2022. The stock has been trending lower; above R75, it can find support. Below R74 things could be worse. Our charts show that the financial sector, and banks, is weak. Not hopefully that R75 will hold but the market will decide.
A price action above 8500 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further bullish trend support above 8800.
Consolidatioin range from 8700 to 9000.
Crossing above 9000 might support receing the target price of 9500.
Crossing below 8700 will be the first sign of weakness.
Appears that the 200-day simple moving...
A bullish trend is applicable above 7400, crossing below this level will negate the bullish stance.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
MACD bullish crossover supports a change in trend direction.
Trend strength indicates a strong trend that is going strength - this will support the...
$INP is appreciating in price with volumes traded and a recent MACD cross on the monthly chart in support of the move higher. There is some resistance around the 5900c-6000c level. Looking for a pullback to possible support at 5600c level for an entry or some other setup. Price may end up range bound in the 5600c-6400 zone.
It is forming a base right now between 125.65 and 182.85 since Mar this year.
Also, it has broke out of a nice descending wedge as well. Let's wait for a little pull back before initiating a long position. Those who want a wider margin of safety can wait for the resistance at 182.85 to be broken up first.
