Investec (INL) operates as a specialist banking and asset management firm with a global presence spanning South Africa, Australia, Europe, the UK, and several other countries. Over the past four years, the company has faced pressure on its shares due to the uncertainties surrounding Brexit in the UK. However, Investec's decision to separately list its asset...
Investec (INL) does specialist banking and asset management in South Africa, Australia, Europe, the UK, and a few other countries. Brexit in the UK has put pressure on Investec shares over the past 4 years. The decision to separately list its asset management division in the form of Ninety-One has unlocked shareholder value, which is becoming more apparent now...
Investec (INL) does specialist banking and asset management in South Africa, Australia, Europe, the UK, and a few other countries. Brexit in the UK has put pressure on Investec shares over the past 4 years. The decision to separately list its asset management division in the form of Ninety-One has unlocked shareholder value, which is becoming more apparent now...
See link below for original analysis.
Two things played out since my last coverage:
1-the market topped out not too long after the analysis.
2-we got a clear MACD divergence between wave (3) & (5).
The correction hasn't been aggressive and I am looking at it as a potential zigzag pattern.
Wave (A) & (B) look complete so now the question is how much lower can...
Investec (INL) does specialist banking and asset management in South Africa, Australia, Europe, the UK, and a few other countries. Brexit in the UK has put pressure on Investec shares over the past 4 years. The decision to separately list its asset management division in the form of Ninety-One has unlocked shareholder value, which is becoming more apparent now...
Capital 99.5%
Risk on trade - 1%
Expected Return - 2.5%
Trades are fictional and conducted for portfolio building purposes.
Strategy: Multi-Timeframe Market Structure Long Model
Pure technical strategy to capitalise on order-flow trends.
Capital 100%
Risk on trade - 1%
Expected Return - 2.5%
Trades are fictional and conducted for portfolio building purposes.
Strategy: Multi-Timeframe Market Structure Long Model
Pure technical strategy to capitalise on orderflow trends.
Only fictional trading and no trading advise should be taken by me as I hold no responsibility but for my own financial investments. NB - I am not a financial advisor.
A price action above 10300 supports a bullish trend direction.
Further confirmation for a break above 10700.
The target price is set at 112000 or its 23.6% Fibonacci retracement.
The stop-loss price is set at 9800.
Remains above its 200-day simple moving average.
Upcoming earnings make the trade idea risky.
W Formation formed (small but evident).
The price has broken above the neckline, showing strong buying and demand.
The indicators look good for upside on the peripheral.
7>21 - bullish
Price>200MA
RSI>50
1st Target R126.66
ABOUT:
Investec Limited was founded in 1974 and is headquartered in Johannesburg, South Africa.
Investec is a diversified financial...
Cup and Handle formed on a larger scale.
21>7 - Bearish
Price >200SMA - Bullish
RSI >50 -lower highs - Cautious
1st Target R142.49
Unfortunately, it's not looking good for the trade. It's close to the Stop loss.
It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart...
A price action above 11200 supports a bullish trend direction.
The ideal price entry is also as close as possible to this level.
Increase exposure for a break above 11500.
The target price is set at 11800.
Stop-loss is set at 11100.
Remains a risky trade.
The expectation is for the price action to progress to the upper range of the inclining channel pattern.
Investec has had a stellar run since bottoming in March 2020.
Group results for the six months ended 30 September 2022 (1H2023) saw revenue growth of 18.9% which benefitted from rising global interest rates.
Investec also had a positive outlook for 2H2023 and I will be keeping a lookout for trading statements and updates as the company approaches its financial...
The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion.
This post was first published on my website, earlier this evening:
The weekly and monthly charts have played a pivotal role in...
Falling Wedge is still in play with Investec.
We see 7>21 SMA - Bullish
Price >200SMA - Bullish
RSI >50 -lower highs - Cautious
1st Target R120.57
General Info:
Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services...
Other finance stock has been slowing down. Investec has however broke out of its trading range. providing a good 3:1 risk reward opportunity. If the finance stocks start to run again Investec is likely to be the leader of the pack.
Investec has had a good run, and although stochastics shows overbought i think it still has some way to go. Short term EMA'S have crossed as well as the MACD. It has closed on a new high on the weekly chart, and if it opens the week in strength i will enter a trade targeting the 120 - 121 region. Stop at 103.
