Market analysis from Herenya

Herenya Broker

WHL constructive setup. Above R35.50 should get it going with a potential target at the 2000 day moving average

Herenya Broker Updated 

Another long in the gold stocks with a 1:2 risk-reward.

Herenya Broker

Bombs away! Been tracking this one for a while... patience pays off :)

Herenya Broker

This is an interesting setup... not just ready yet, but starting to look very interesting indeed. A longer write up on this will be on our weekly game plan blog on our website.

Herenya Broker

Seems our bearish outlook here was wrong as the stock broke out higher. Mixed signals now, so no trade for us.

Herenya Broker

Gold closed the week above the resistance level, confirming the break out.

Herenya Broker

Looking at a weekly chart in this case. There appears to be no real setup for us to trade at this stage. Only the daily time frame there is a small range, but for no there are too many other drivers for us to trust the shorter-term time frames.

Herenya Broker

1 hour range has broken. 2960 is historic support, a break lower could be a nice entry for a daily timeframe trade.

Herenya Broker

Smaller range has broken, moving averages still offering support, but momentum still leaning toward bearish.

Herenya Broker

Nice break of a bull plag here. Offering a nice 1:2 risk-reward.

Herenya Broker

Still in the range... waiting for setups to mature is half this game afterall...

Herenya Broker

Still no trade here, but worth watching. Strong ZAR could see us go long. Failing that, our bias is short.

Herenya Broker

Daily chart looking like there is hope for the short.

Herenya Broker

1hr chart has broken and closed below the range... could this finally trigger the correction?

Herenya Broker

Watching this range for a break.

Herenya Broker

Feels like a setup for a correction...

Herenya Broker

Longer-term moving averages looking like they want to give a bearish cross. A break lower from consolidation will trigger a short.

Herenya Broker

Uptrend has been broken. Longer-term moving averages acting as support. Will they hold?