The chart is still below the 200 day MA this shows bearisnes, Stochastics are overbought on weekly and daily charts. The engulfing bearish candle at the top also gives me a warning sign. i would not buy this stock at this time. Also forgot to mention the rising wedge which is negative.
Weekly and daily stochastics show overbought positions. Multiple Doji candles show indecision in the market. On weekly chart, it shows a Fibonacci retrace to 0.382 of a downtrend. Divergence on Stochastics in play. Fundamentally Aspen does forecast sales growth? If it breaks above 0.382 retrace it could go further. I would not buy at this point.
Overbought stochastic coincide with doji candles during a period of indecision and subsequent fall in share price, 200day MA still bearish. although i think the stock can still run due to increase oil prices i will wait for retrace to fibonacci levels before considering a trade.
I Think pair will stay in this resistance zone for a while. Bullish engulfing candle at the bottom of the zone and daily stochastic oversold. Also at the bottom of a upward trend.
Possible double top. Weekly and daily stochastics overbought. Coming up against a big resistance zone. I would wait for a turn around candle before going short on this pair, and my targets would be as per Fibonacci
Weekly stochastis is still, overbought and i believe price will nock around resistance level at record price, moving sideways for a while and then dropping slightly, which will give a better buying opportunity at a lower price.
Price is coming up against and passed a long term trendline coming from Nov 2007.Engulfing bearish candles signify a small retrace to maybe the levels as indicated on the chart, which would be a good place to re-enter, Weekly stochastic still highly overbought.
Price is in a buying zone coming from April 2020. Stochastics are oversold on both weekly and daily charts, ATR gives a buy signal on the daily chart, and breakout of the falling wedge pattern is immanent. Bearish engulfing candles over last few days also sign of bullishness,
Stochastics overbought. Numerous bearish engulfing candles. Possible head and shoulders forming negative. Recent results out not so good and negative divergence present. I Will wait for pullback to Fibonacci levels before considering a trade.
Zeder is trapped in a long resistance zone starting in 2007. Stochastics show mostly oversold positions and their is a nice gap to be closed up to 395 position. I Will wait for a breakout of the zone before entering a position. Coronation holds a 5% share in the company, and seeing that the lockdown has now finally been lifted from the industry in the Western...
Tiger is moving sideways and presents another buying opportunity at the bottom of the channel. I would rather prefer that the weekly stochastic also showed oversold position. Fundamentally the company has given good results . Price just needs to brake through that strong barrier at 220 to shoot higher.
Stochastic overbought on weekly chart. Doji candles show indecision in the market. If it breaks out of upward channel to the bottom i would look for pullback to Fibonacci levels before considering a trade, even as far back as the 0.618 level. Massmart is closing 14 stores and their results were not good at all. At the moment my sentiment is negative towards Massmart.
Rand Merchant Investment holdings moving in a sideways channel for some time now. Building a big right shoulder on this inverted head and shoulder formation. Since stochastics are in no mans land i will not enter trade quite yet. You could buy at the bottom of the channel and wait or buy at the breakout to the top which will also breach the 200 day MA, and confirm...
Weekly stochastic show overbought position and bearish engulfing candle at the top is also negative. I Would hold on to this stock, however if it breaks through the bottom of the channel it could fall to 0.382 and even 0.618 on the Fibonacci retrace. That is were i would consider buying if i were not in already. 200 day MA is also still in bearish territory.
RDI REIT 33% growth in one day after takeover from Miami based Starwood Funds approved. Stochastics overbought, and price in resistance zone dating back to Dec 2018, and also touching 200 day MA. I Think you are to late to buy (missed out) and am not sure what the future holds for REIT.
Afrimat is overbought at this stage, and i will wait for Fibonaci retrace, trendline and 200 MA to converge before entering a trade. Fundamentally i think Afrimat has a lot of upward potential, but is going to give us a breather first
I Will wait for fibonacci retrace to 613 level before considering a buy. Bearish engulfing candles signifies a turn around in trend. Price below 40 day moving average signals downward trend, but still above 200 day MA which coincides with bottom of rising wedge and 0.382 fibonacci level which will be a great place to buy.
I road this wave before and climbed out at the top. Price is now at bottom of the channel again and i will re enter. I have a short stop loss in place if it breaks to the bottom of the channel. Maybe jumping the gun a little with this trade. Stochastics on weekly and daily are both in over sold territory and ATR is giving a buy signal. They sold of Musica, and...