taftrader

taftrader

We closed above the weekly tenkan. Failed to actually cross it, indicating bearish weakness. Two weeks ago on the weekly we had a convincing bullish candle which pierced that same tenkan,so a test of that break was coming and we seem to have got it this week.That bullish weekly candle also confirmed a higher high after reaching a low mid August. This could be a...

taftrader Updated 

The premise for this analysis is hinged on the monthly Ichi. The Monthly tenkan is acting as a good support and last Month tried but failed to break through. This month we tried again and were repelled. As such i would buy this and put my 1st tp at about 350. Entry: Yesterdays close at 323 SL: Put it at at 15unit below the daily SSB level so around 290 TP: 350

taftrader Updated 

The break of the weekly kijun is a positive signal . There were strong buyers on the 26 Aug and 2 September weekly candles. Those guys should come in and push the stock a bit higher. Entry: 4442 SL: 4142 TP: 5000

taftrader Updated 

The REIT seems to be losing momentum. Since the end of August the REIT had good momentum upwards. On the weekly the upward surge looked like a big retracement from the downward spiral that commenced early June. So if this thesis is correct the retracement should end on the weekly Kijun level which is the 1939 area. If we close on the daily below this level we...

taftrader Updated 

Last week from the 14th of October right up to the end of the week the stock seemed to be respecting the weekly Tenkan level which acted as support. We however saw a small breach of this level the last day of the week,though the average volume was somehow less. We can therefore conclude that the weekly Tenkan level is our area of focus. If on Monday the 21st we...

taftrader Updated 

If we close Monday above 28328 we take the trade long!...We could be potentially witnessing a major trend reversal. We had a consistent downtrend since end of May, a low made on 16 August then a break of a major trendline, both tenkan and kijun violated in the process to reach a higher high of 31532 on 17 September. Then from there as if straight from an Al...

taftrader Updated 

Last weeks weekly showed clear rejection and we seemed to have tested the kijun. If this is true we should see a continuation of this downside movement this coming week. Short term target being 27498 and longer term, the monthly flat kijun level of 24912. Entry: sell on daily close below 28982 SL: 31256 TP1: 27498 TP2 : 24912 Did i mention that risk...

taftrader Updated 

Last week we had saw a good break of the weekly tenkan which is the daily kijun level and the end of the week we seemed to have been heading to test this break 17250. So this week we look to see a test of this level and a bounce. If this bounce occurs we buy above 17250. Entry: on close above 17250 after testing it SL: 16849 TP1 : Weekly Kijun @ 18003 TP2:...

taftrader Updated 

Last week we saw an upsurge which broke through the Weekly Tenkan. Yesterday and today we saw that level tested successfully and the support maintained. So we should get a continuation of the up movement with 1st target weekly SSB and 2nd target is weekly kijun. Entry: 15873 SL: 15530 1st TP: 16223 2nd TP: 16348

taftrader Updated 

Price tried twice on the daily to break through the Kijun and failed. Yesterday closing just below Kijun raising alerts then today the gap down confirmation of bears control. My two levels of significance being 13257 and 12748. The former should have been the entry level but the gap down threw us off there,regardless short on close of trading in Joburg with 1st...

taftrader Updated 

The red candles on Tuesday and today show rejection from the 6344 to 6400 area which if you revert to the weekly chart is the SSB and Kumo cloud area. This means the area of least resistance is south. So i anticipate the bears to take price down to the 1st take profit of 6133 then the 2nd take profit 6035. Longer term target will be 5579 then we appraise the...