Quilter is in the timing band for a daily cycle low, we will know this is confirmed when price closes above the pink resistance line set over recent price action. Investors who missed the bus can consider this as a safer entry point, higher risk accepting investors can buy before confirmation by considering how price is bouncing off the support of 200DMA, dashed...
Quilter is moving into a long weekly cycle, currently in week 42. Price is also seeking a yearly low, the last was the COVID low and we are well below that level. Ideally we want price to go below the previous weekly low (R16.61), this gives a good runway to the upside. The dashed pink line is where we will have confirmation of a weekly low by closing above this...
Quilter Plc (QLT) is a company spun out of Old Mutual as part of that group's "managed separation" process. It was admitted to trading on the London Stock Exchange (LSE) and has had a secondary listing on the JSE from 25th June 2018 following the issue of a prospectus on 20th April 2018. Quilter is a UK financial services group which offers asset management in the...
The stock has broken back about its rising 20/50 emas and looking good for continued upside .
Ideally bulls will want to defend R23.80 now to target R27.00
The bigger monthly picture is also looking bullish!
A price action above 2360 supports a bullish trend direction.
Increase long exposure for a break above 2440.
The target price is set at 2550.
The stop-loss price is set at 2270.
Remains above its 200-day simple moving average.
It seems like wave 4 is completed and the impulse wave 5 might unfold.
Quilter Plc (QLT) is a company spun out of Old Mutual as part of that group's "managed separation" process. It was admitted to trading on the London Stock Exchange (LSE) and has had a secondary listing on the JSE from 25th June 2018 following the issue of a prospectus on 20th April 2018. Quilter is a UK financial services group which offers asset management in the...
See link below for previous analysis.
Quilter has remained above 1661 but cannot seem to break decisively above 2200.
The stock has traded in a narrow, choppy, sideways range between 1661 and 2217.
I do not follow this company so I am not sure what the fundamentals look like but they might be as choppy looking at the share price performance since listing.
I...
Quilter $JSEQLT presented a false breakout trapping unsuspecting bulls, now the daily cycle has failed though price is within timing band for a bounce, it will not last long before price resumes downtrend. Dates of interest would be end of April/early May for long positions. Ideally price must go lower than R16.61 to present good risk/reward for longs following a...
The last update on Quilter was on 09.01.2023, link below.
I was upbeat on the stock as the price pattern suggested a bottom is in at 1661.
I was further bullish as the bear terminated in an ending diagonal (falling wedge).
Price action after an ending diagonal tends to be swift and strong in the opposite direction.
The stock price of Quilter has been anything...
Quilter price has formed a rising wedge (bearish) while seeking a daily cycle high in an already failed cycle. Overhead resistance is made strong by the 200 day moving average that is declining. We know this share is positively correlated to the British Pound, therefore a stronger dollar will pressure price downwards as well as a week in which we see the share go...
Quilter is in an interesting place, price action has reached the pointy end of a symmetrical triangle. Watching to see how this plays out, odds lean towards a bearish scenario & this would be cemented if price goes below R18.51. The 200DMA & 30DMA are also converging with the upper resistance, usually price finds it hard to break through double resistance, we have...
From my research notes for tomorrow, one of the short term trading setups I'm looking at going forward.
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Quilter stock has been underwhelming since listing in 2018.
The share peaked at 3487 zac in August 2020, pulled back and retested that previous high but fell short at 3477 zac in August 2021.
What followed has been a strong sell-off which could potentially have bottomed at 1661 zac.
The general EWP pattern in play here is a regular flat labelled wave (A) to (C)...
I missed this one so will look to enter on any possible retracement or trade the momentum up intraday.
Closed above the 20 ema for the second day now (bullish) .
A deep pullback to R17.75-R18.00 with support would trigger a decent swing long.
If the stock continue to trend higher, the 50 ema will be the first hurdle before reaching R22 swing target.
A price action above 2110 supports a bullish trend direction.
Crossing below this level will negate the general positive stance.
Further positive trend support above 2180.
Consolidation range from 2150 to 2240.
Crossing above the 2240 resistance might target 2360.
Crossing below the 2150 support might target 2150.
Remains a risky trade.
Quilter PLC QLT - Target Exceeded. Original idea attached.
Having a strong day. Up as much as 18% this morning (currently +13%). Target exceeded.
Bank/Take Profit.
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