Telkom is currently in our resistance zone, where we are now expecting a correction to take place. Potential buy zone indicated on chart.
Absa Market currently in a corrective phase. The bullish reversal rally found resistance at 64500 and i expect it to go further down and retest support between 5600 and 55100. Then look for buying opportunities there, targeting 76250 - 79700 for taking profit.
Weekly Chart, Market has been impulsively bullish since August 2015. Of that rally I am expecting the current steep increase in price to have been wave 3. Now wave 3 may end at current price level or move up to touch 3040 price zone. But once it starts moving down i expect it to only go down 23% in price and then another buying opportunity will be presented there....
Here is the potential break out on Ascendis i have been waiting for. Confirm buy at 89.
My view is still bullish here and the target area is 409. Market is currently at a resistance zone and may drop to retest support at 285 for an opportunity to buy, then advance to the upside to target profit taking price.
Market has corrected and I am expecting it to find support at current price or at 1859. Alternative buy strategy, buy above 2396 and target a take profit zone at 4500.
Diagonal Structure in play, Expecting market to complete wave 5 to the upside. Target 9700 price area, Buy at current price, Stop loss at 6592.
Corrective structure complete at 81 Expectation: market to ascend and target 134/147Price area. Buy above 90/96 and stop loss is 81.
Corrective structure complete at 81 Expectation:market to ascend and target 134/147 Price area. Buy above 90/96 and stop loss is 81.