The inverted head and shoulders Note the volume profile: volume increasing on upward movement of the price and decreasing on downward movement. Target: 1400 This is my 1st idea, so any comments are welcome.
So it's going down on Vukile neh...a short set-up. Strong supply following on demand, possibly to go further down.
This is one of my favorite equities i believe the worst is over for vke afrter testing its all time lows and a hammer candle at support can be a start a good bullish run.. I prefer buying shares rather than trading it as options
Vukile is still in a downtrend, broke below previous support (that now acts as resistance) to make a new low and is now trading back at said line at 5.50
After a huge sell off the asset found itself testing 2005 highs and now decision time has come , the market is in consolidation...a break and close above support would be good news but break below will send us to ipo 2004 lows
I suspect a pullback, to the black line witch is a month trend line that was broke the second time since 2004. The first one was a fake out... I think this is not a fake out. Down grade and the unsurtanty in the market i can not see this as a buy. It broke resistance. I am waiting for a pull back. Then i am selling as indicated!
$JSEVKE the inverse H&S pattern looks to be complete as the stock pushes higher ff 1H19 results (Divi in line with guidance and maintains FY19 guidance) Looking for 2000 close and above to confirm
We talked about this trade earlier (see attachment), but this is for those who had not entered when we did. Today offers a better entry with today's candle coming back to test the kijun break. So ideally today would be a good entry but we make room for any upside movement by our SL. Our targets are still the same but have a better risk/reward due to the lower SL....
The REIT seems to be losing momentum. Since the end of August the REIT had good momentum upwards. On the weekly the upward surge looked like a big retracement from the downward spiral that commenced early June. So if this thesis is correct the retracement should end on the weekly Kijun level which is the 1939 area. If we close on the daily below this level we...
VKE has broken down from a 12 month Descending triangle, It has currently pulled back to test the neckline. RR : 1:1.5