Published to our client platform a few minutes ago. Quilter Plc - Trading at long term support extending back to the March 2020 and December 2018. In addition, the share has emerge from it's declining channel while also trading at an extended level versus it's year-to-date volume point of control (VPOC) at 2840c and the 200-day at 2749c.
Entry : 2068c
Stop:...
QLT testing the start of the target range 3260 (high of 3267c) in the last few minutes. Strong 5-day move so perhaps traders could look to bank this one.
Original long idea attached.
At the start of each week we consider potential trading opportunities, specifically geared toward the active, short term trader, but not limited to insights relating to medium & long term opportunities. My research, to a lesser degree, also includes strategy charts (macro), other global equities/FX data as well as relative sector/commodity charts to support asset...
With global markets at or near record highs, asset managers should be considered beneficiaries of the environment, with their capital-light business models supporting profitability.
Having traded in a downward trend for just over 3 months, QLT is possibly attempting to turn the (technical) corner.
Key Drivers:
- 9th attempt to breach downward trend line...
A beautiful ascending triangle pattern on Quilter. Showing an even healthier uprend on the daily chart. With an even steeper support line. I’m looking for a break through 3378c. My target on the stock is 4772c.
JSE:QLT seems to be currently bouncing off of a very strong resistance where it has not broken through numerous times. If it fails to break through again this time, I will consider a short position on it's way down.
Continued Portfolio Idea: A buy/long recommendation from 08-October at 2880c, Quilter Plc advanced by 17% over the period, reaching a high of 3390c during last week. While the medium term trend has been higher, a review of the monthly chart reveals an equally positive technical structure with the price trading 6.66% from it's 52-week highs. One would think that...
A dark cloud cover pattern has formed on JSE:QLT . This is a bearish reversal pattern and if it trades lower than the open of today, it could be looking good for a short position down to the 200MA or further down to around the 2750 level.
JSE:QLT is showing signs of an upward move. There was a massive engulfing candle a few days ago and the stochastic and MACD are confirming upward momentum. If it break higher and the EMA's cross, I will consider a long position.
JSE:QLT has been in a bear trend since mid August and seems like it is making a turn. We could be looking at a move all the way up to the 3350 area if it breaks through the resistance around the 3000 level.
JSE:QLT
- Retest of break out zone , possible move to even R28.00 is probable
- Great play on weakening ZAR/GBP. Good long only buying around bigger levels.
- Target , previous highs , second target R36.00.
After an accumulation trading range, Quilter is being marked up in a defined upward stride. Price has now reached the overbought line and it is time for a pullback. Volume has climaxed and it is possible that this could be the start of another trading range.
