A long position has been triggered on $JSE:KIO. The reason for the order being placed is the development of the fractal at the previous high on 04/09. Then a downward trend formed which was broken on 12/09. Today's price action has put us nicely in the profit so far. Hopefully the momentum will continue until it reaches the target at the 522 level.
A doji candle formed on JSE:CPI at a strong support level. This is often a good indication that a reversal may occur. Along with this, the same candle broke through and closed above a resistance line that started forming on the 22nd of Aug. With today's price action the order has been triggered and we have entered into a long position. We are aiming for a target...
We were entered into a long position on 24th of August based off of our momentum strategy. It took two days to get into a profit situation but with today's price action we are nicely in a profit situation for now. It may find a bit of resistance at the current levels, but once it breaks through I can see it going all the way to the target at the 195 level.
All 3 of our momentum indicators, the stochastic, MACD and 3+15EMA's all signaled a long position last week. On Friday the order was triggered and we were entered into the long position. Today's movement has been slow so far, but it seems like the upward momentum is still in play.
JSE:WHL has triggered a short position based on our momentum strategy. The order was filled this morning on the opening.
JSE:SOL has broken through a 5 candle support line with a fractal at the top of the move. The stochastic is also confirming by crossing downwards. A short was triggered because of these factors. We are looking at a target at around the R210 level.
JSE:GLN has been trading in a sideways consolidation channel since mid June. Yesterday's price action broke out of the bottom of the consolidation area and today's price action seems to have followed suit triggering our short position. We are aiming for a target down at the R87 level.
A short position has been triggered on JSE:FSR based off of our momentum strategy. The MACD triggered a while ago and the EMAs and stochastic confirmed the downward momentum yesterday. We were entered into the trade on this morning's price action.
We have been getting a lot of downwards momentum on $VELOCITY:XJSE_KIO_CFD. All of our indicators from our momentum strategy are pointing downwards. I anticipate that the trade will either trigger today or tomorrow and we will see a nice downward move from there.
After our stop loss was reached when it broke out above the consolidation zone, it became clear that our trigger to enter long was a false breakout of the consolidation zone. With yesterday's move, VELOCITY:XJSE_EXX_CFD has broken out of the bottom of the sideways consolidation zone. Let's hope this short position works out better than the long position did.
Very similar to the AGL idea we posted , VELOCITY:XJSE_EXX_CFD has also broken out of a sideways move and is looking to head upwards. Our target is at 207, but it might well find some resistance along the way.
All 3 of our momentum indicators have triggered a short on $VELOCITY:XJSE_GFI_CFD. Along with this, the fractal on the bottom of the 25th July candle has been broken, also signifying a short position. With today's price action the order was triggered and we are looking to take the trade down all the way to the 237 level.
All 3 of our momentum indicators have turned upwards on $VELOCITY:XJSE_PPH_CFD. If it moves upwards from here our long order will be triggered.
VELOCITY:XJSE_BVT_CFD has broken out of an ascending triangle that it has been trading in since mid June. A long position has been triggered and we are looking at a target at around the R300 level.
VELOCITY:XJSE_AGL_CFD has been trading in a sideways consolidation since mid June. With yesterday's price action it broke out of the consolidation zone on the way up. If the long position is triggered, we will aim for the a target at 675 if it can get through the resistance levels on the way there.
VELOCITY:XJSE_PPH_CFD is showing signs for a potential downward move. All of our momentum indicators have signaled the trade and we are just waiting for the price action to follow. Looking for a move down to the 14.36 level.
VELOCITY:XJSE_CFR_CFD has broken the 2900 support level and seems to be on its way down for a short position. Once triggered we will aim for the 2470 level as our target.
VELOCITY:XJSE_RNI_CFD broke out of an ascending triangle pattern a few days ago and triggered a long position. It is looking good so far and if it continues it will continue to make new all time highs, hopefully all the way to our target at the 486 level.