JSE:INP - trading right on rising support (Started March bottom) Break lower (3360) opens 3127 later 2552
$JSEINP it's looking like a short here, its' a triangle pattern, I think it will hit the support area at 34.01. First target price below R31.50
Kind of against our bias for a stronger ZAR, but still a rather valid looking short setup.
- Price has rallied hard today - Putting on the watchlist to see if this resistance zone will hold up - No position currently JSE:INP
An engulfing candle pattern has formed on JSE:INP . It is looking good for a downward move. Stochastic has also confirmed the momentum.
JSE:INP Hourly chart making new high. Long here with target around 8700.
INL has retraced sharply from resistance level identified on 20 Sept, primarily on the back of the an update from the company indicating higher costs associated with: - management actions taken to simplify the business (spinning out of IAM) - weaker investment banking performance in the UK - uncertainties caused by Brexit, - weaker corporate environment in...
We may derive the following from the Daily INP chart: 1. Price absolutely tanked after our initial call (see previous linked post). 2. Price should in all probability consolidate before a potential move down. 3. It's sometimes better to sit back and watch. Wait for a good opportunity. 4. As always - maintain your risk. Note: The views provided herein do not...
We may derive the following from the Daily INP chart: 1. Price has rocketed off our support level. See linked idea. 2. Price is however at our major trend resistance. 3. Monitor price action and look out for short opportunities, should this be a backtest. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.
$JSEINP Hourly confirming bearish weekly chart - hourly target = R70.20
As with JSE:INL , JSE:INP has also broken a support level quite convincingly and could be headed further down.
We might see INP gaining a little bit to retest the breakout then fall!!
$JSEINP bearish action continues - confirmed bear flag
We may derive the following from the Daily INP chart: 1. Price fell rapidly as previously analysed (See linked idea). 2. Majority of profit can be taken. 3. A bid is likely to occur near the support level (purple box). 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.
Waiting for confirmation
$JSEINP Hourly chart targets R88.50