We have entered a long position on JSE:WHL based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 63.50 level which coincides with the highs from September 2021.
A Harami candle pattern has formed on a support level on JSE:WHL . This candle pattern potentially indicates a reversal, so we could see a move to the upside from here.
It would appear that a classical example of a symmetrical triangle pattern is busy unfolding.
A price action above 5600 supports s bullish trend direction. Crossing below this level will negate the bullish trend. Further trend support above 5600.
Consolidation range from 5600 to 5800. Crossing above 5800 might support the price action to reach the target of...
WHL is looking good for a move back up to around 6200.
The share has actually held up quite well in the weak market environment.
Looks like it is trying to break out of the range it has been trading in since early May.
Testing its 200-day simple moving average.
A price action above 5360 supports a bullish trend direction.
Crossing below this level will negate the trend direction.
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential.
MACD bullish crossover also applicable.
Downside price channel also remains of interest.
A Bullish engulfing candle has formed on JSE:WHL at a strong support level. This is a good bullish reversal signal which is looking good for a long position.
A medium-term idea that might unfold over the next couple of weeks.
Price action is trading close to some major support.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
A break above 5300 will act as further support.
Taking a brief look at WHL, it appears that the price is holding support at slightly above R52.00.
The MACD is showing imminent signs of a Bullish crossover, after a short retracement.
I would ultimately like to see a close above R54.65 for confirmation of what already looks to be a Short/Mid term Bullish trend.
A fall (close) below R52.00 would likely see...
Will the price action close to the previous gap?
Upside price momentum supports the bullish trend.
Testing its 200-day simple moving average which might act as major support.
RSI leaves enough room for upside price potential.
Remains bullish above 5400.
- Nasty fall on poor update and trading statement.
- We posted the idea on 29 October as the price back-tested the 200-day SMA, which was followed by a 7% rally to the highs.
- Price now back to entry zone.
- Massive volume however price closed in upper half of day's trading range.
-This is...a smash n grab market. 5-8%? Take your money and run
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