Richemont Bearish Bias in Richemont: A Head & Shoulder Price Pattern Analysis” A bearish bias is indicated by the breakout of the price from a Head & Shoulder price pattern. (MAs 7<21<200 confirms the bearish sentiment. Additionally, RSI below 50 further supports the bearish bias. Target is set at R1800. Richemont – the company Richemont is a multinational...
USDCAD USDCAD: Trading the Cup and Handle Formation Based on the daily chart pattern, it appears that a Cup and Handle pattern has formed, indicating a bullish sentiment. The moving averages (MAs) are in the order of 7 > 21 > 200, confirming the bullish bias. The Relative Strength Index (RSI) is above 50, further supporting the bullish sentiment. The breakout...
USD/ZAR: Bullish Breakout Ahead? 1. Price Formation: The price has not yet broken out from an inverted H&S price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the Price. 4. Thus, Mas 7>21>200 5. Relative...
Naspers Bullish outlook Continues 1. Price Formation: The price has broken out from a symmetrical triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the Price. 4. Thus, Mas 7>21>200 5. Relative...
Mr Price We are observing a symmetrical triangle, within a falling channel. However, this pattern could indicate a bullish breakout. Currently, the 7-day moving average is greater than the 21-day moving average. The price is less than 200, and the RSI is above 50, pointing to some buying pressure. Given these factors, the target price is projected to be...
NIO "Charging Up: Bullish Momentum Ahead for NIO with a $22 Price Target" 1. Price Formation: The price has broken out from an inverted C&H price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the Price....
Double top break down with MAs 7<21 The 200 MAs< price. RSI<50 Price will come closer to the 200 MA as a support.@around the 2600 price mark
Tesla Tesla’s Driving Downward to a Bearish Destination of $190! 1. Price Formation: The price has broken from an inverted reverse C&H price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bearish momentum. 3. 200-day Moving Average is below the Price. 4. Thus,...
SATRIX RESI PORTOFOLIO M- formation has been confirmed and we have a price breakout to the down side: The MAS are 7<21<200 (Bear) RSI <50 and a Target price of R47.82 SATRIX RESI PORTOFOLIO – the ETF Satrix Resi Portfolio is an exchange-traded fund (ETF) offered by Satrix, a leading provider of index-tracking products in South Africa. The Satrix Resi Portfolio...
GBPJPY's Reverse C&H Formation Charges Towards 190 GBPJPY 1. Price Formation: The price has broken from a reverse C&H price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the Price. 4. Thus, Mas 7>21>200 5....
Triangular Breakout Aiming for 170! Momentum Metrics Align Bullishly. CHFJPY 1. Price Formation: The price has broken from an ascending triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average is below the...
CADJPY Ascends: Triangular Momentum Points to 112! Proceed with a Close Eye on 108.021 CADJPY 1. Price Formation: The price has not broken out yet from an ascending triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving...
Gold Losing Its Glitter? Anglo Ashanti's Bearish Forecast Points to R220 1. Price Formation: The price has broken out from an inverted C&H price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bearish momentum. 3. 200-day Moving Average is above the Price....
Satrix Top 40 Aims for R80 Price Mark 1. Price Formation: The price has broken out from a symmetrical triangle price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day Moving Average < Price. 4. Relative Strength Index (RSI): The RSI is...
"Exxaro's Rocky Road: Bearish Signals Emerge Amid M Formation Breakout, Price Target Set at R13000" Exxaro Resources Ltd 1. Price Formation: The price has broken out from an M price formation on a daily chart. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a positive sign indicating short-term bullish momentum. 3. 200-day...
Inverted cup and Handle (breakdown) - Bearish confirmation from the previous rising wedge breakdown. MAs 7<21,200 and RSI is less 200. All indicators confirm bearish bias
M(double top) formation breakdown with the MAs 7 <21<200. RSI is less than 50.
H&S (Bearish) MAs - 7<21 Price>200 RSI<50 Target R18