Trend_Trader_JSE

Trend_Trader_JSE

I would like to see NASDAQ:AAPL bounce at this potential support level. It closed this week below a key MA, which is a bit worrying.

Trend_Trader_JSE

JSE:APN breakout happened last week. It could be the start of a good thing. Fingers crossed. Manage risk accordingly.

Trend_Trader_JSE Updated 

With hindsight, it wasn't wise to buy NYSE:CVNA as it gapped up (blue arrow). Luckily, the stock has consolidated without breaking down. Yesterday, following the FOMC decision, it broke above the consolidation range. Expect an upside move on NYSE:CVNA but there might be a resistance near $56.

Trend_Trader_JSE

Keeping an eye on JSE:BHG in anticipation of a breakout. It's been trading in a range for the year, a breakout might push the price higher.

Trend_Trader_JSE

JSE:CFR closed above a key MA today, the stock is also above a potential resistance level. The MA is still facing downwards, however, without the indicator, the price action is compelling to initiate a long position. Potential target and stop levels on the chart.

Trend_Trader_JSE

JSE:PRX and JSE:NPN don't look healthy, on the charts. Both stocks have been weak for a while now. Prosus is on the verge of breaking below a potential support level, this opens a window for lower prices to be tested.

Trend_Trader_JSE

JSE:SOL has tested this MA several times and failed to remain above it. The stock is back above this level, but there's a bit of an overhead resistance. Taking TVC:UKOIL into consideration, a long position is worth a punt.

Trend_Trader_JSE

JSE:COH is forming what looks like a cup-and-handle, and the price is at the pivot point. Other than that, key MAs are rising and to me that a positive sign to initiate a long position.

Trend_Trader_JSE

Enjoyed the NASDAQ:AMZN ride from $107 to the current level. Now looking forward to the next move, an ideal move is a close above $144. We always root for the upside.

Trend_Trader_JSE

NASDAQ:AAPL levels of interest; a bounce at the current level, or a bounce near $172. This week's trade levels might guide the next move, stock on the watchlist.

Trend_Trader_JSE

The previous bullish idea has been invalidated. JSE:ANG failed to find support at the support level, and to bounce at a key MA. JSE:ANG has broke below the 200 dMA, not looking for long opportunities as long as it remains below this level.

Trend_Trader_JSE

JSE:SHP is back at the resistance level; will it break now? Please. One of the consistently profitable stock out there.

Trend_Trader_JSE

Solid move from JSE:APN , on a 52-week high list, and depending on how you see things, a breakout on a cup-and-handle.

Trend_Trader_JSE

JSE:SBK closing high for the week, with a bigger green candle than last week. The stock is trading near a 52-week high, we would like to see an upward move.

Trend_Trader_JSE

JSE:CFR has breached what we consider to be a key MA, however, the stock is still trading above the 200 dMA. The 200 dMA is the next potential support level, we're keeping an eye on $JSE:CFR. No position.

Trend_Trader_JSE

JSE:ANG could be onto something. The stock cracked weeks ago witht the rest of the gold stocks. We noted a potential support level, and now the stock is trading above a key MA. It looks bullish to me.

Trend_Trader_JSE

JSE:TFG is at an area of value, near a key MA and near a resistance level. Based on the MA, JSE:TFG can move past the resistance level, however, the stock is trading ex-dividend on the 19th. There we might see a R1.50 price drop. The stock is interesting nonetheless.

Trend_Trader_JSE

Following a promising rally in TVC:GOLD futures, gold miners benefited from the rally. However, JSE:ANG has given back all the rally gains. JSE:ANG is now trading below what was a potential support level, and it's trading below the 200 dMA. From this view, the stock is bearish, but fakeouts do happen.