Price has crossed over the 21ema. Stochastics and Macd are giving buying signals. We are looking at about a 9% return to the top of the sideways channel, with a small stop loss.
Seems like momentum has taken a bullish turn, which may or not be short term. Technical analysis gives a buy signal. Momentum is to the top and Macd shows a buy. We are looking for a 13% return to the top of the downward channel, and our stop is at the bottom of the short term upward channel.
Stochastics are oversold on the weekly and daily charts. With the festive season coming up they might experience a boost in sales, and i think that it might go up to the 200day ma at about 22290. Moving sideways and consolidating at the moment. A Move to those levels might even signal a break to the top
MRP is nearing fairly recent bottoms, and also the 200 day moving average, Stochastics are oversold and i am putting in a short stop loss as there could be a possible double top in the making. Figures were good and i think xmas sales will only bode well for them.
ABSA on the bottom of un upward trend. Starting to consolidate at the top, however stochastics show oversold positions. There might be a double bottom in play, but will put in a tight stop loss as a double top might also be in play on this one.
BTI is at the bottom of a long term support line. Weekly and daily stochastics are overbought. Pure swing trade, or dividend play for longer term investors. FDA approved 3 e-cigarette products. Should they succeed in reinventing themselves this sleeping bear might just awake.
In agreement with analysis done by Peet Serfontein. stock already purchased. Weekly and daily stochastics also showing heavy oversold positions.
Although SSW is in a down trend, it is bouncing of a strong support, and at the least i expect a pullback on this down trend if not a reversal. Weekly and daily stochastics are oversold. SSW has also bought back R8 billion of their own shares showing confidence to my mind, and they are also diversifying to Lithium. They are also dirt cheap at a PE of about 3.
This could be a nice buying opportunity or further decline could confirm the double top. One to watch closely. Buying opportunities rare on the JSE lately.
One to watch. Waiting for positive turn around candle.
The recall of canned goods now out of the way, Tiger can give a nice buying opportunity above R190. Stochastics over sold, and price range at the bottom of a upward channel. Potential target could be the 200ema. Also grants are being dished out again, which can only work in their favour.
Fundamentally i think the iron ore price is to high, however the rock drawings tell me a different story. Stochastics are oversold on the daily chart. There is a nice gap to be filled to the trop. Bottom of the support line. Swing trade with a short stop.
In the world we live in this can only go up. Weekly daily and 240 charts are all oversold on stochastics. Also on the bottom of a sideways wedge. If wedge breaks to the top there is a nice gap to close at around 1.39. pre-empting the trade.
Royal Bafokeng Platinum is oversold on weekly and daily stochastics. Price nearing long term upward trend and 200 day moving average. Although instrument is moving sideways in an upward trend i feel that the demand for platinum will continue and that the rand will weaken. Will be using a fairly small stop on this trade.
Stochastics are oversold on daily weekly and monthly charts. Falling wedge on the 4h chart. Medium term trade with a tight stop loss. Australia seem to be tightening up covid restrictions and New Zealand talking about opening up a bit which should strengthen their currency against the Ausie.
Went into this stock as a short term punt. Seems it has reached the upper band of resistance. Stochastic in overbought position. Time to sell.
I Am in the red down almost 3% with this stock. Still holding. Sappi been hit by Civil unrest in South Africa, more specifically Kwa zulu Natal. Might be a double bottom on daily chart, which could see the price go to about 52.00 should it play out. Will play the waiting game.
I Still think there is a lot of future strength in pgm's. Stochastics over sold on weekly and daily charts. I will put in a tight stop loss, and re-asses on turn around should this trade not play out immediately.