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ALSI

ALSI

Goldfields with some downward momentum JSE:GFI is showing some nice downward momentum based off of the stochastic, MACD and the two EMAs all signaling. If it breaks lower, we can potentially see a move down towards at least the 14500 level and if it breaks through that level, we could see it move even further down to the 12000 level.

Short

FSR Potential Short coming soon JSE:FSR broke through a support trend line late November which it has since tested again and it seems to have become a resistance level. If it continues downwards and the MACD crosses downwards as well, I think we could see a short move down towards the 5200 price area. I will wait for confirmation before entering.

Short

BHP to close gap?JSE:BHP has broken out of a sideways consolidation area and I could see it moving up to close the gap formed on 1 September. Target would be around 45200 level.

BLong

Updated

PEPKOR trendline bounce Based purely on the underlying trend, if it doesn't break through downwards, we could potentially see an upward move on JSE:PPH after bouncing off this trendline.

Long

Triangle Breakout on Naspers Along with the momentum indicators showing potential of an upward move, with yesterday's price action, JSE:NPN broke out of a triangle pattern that formed over the last while. I think we can see a move towards the 300000 resistance level.

Long

Updated

Down move on SASOL JSE:SOL has broken out of a triangle pattern, signaling a short position. If it continues down, I think we could see a move towards the 22500 support region.

Short

Inverted Head & Shoulders on Prosus JSE:PRX has formed an inverted head and shoulders pattern. With a break of the neckline we could see a move to the target at around the 160000 resistance level.

Long

Kumba - Hammer at Support Level Two days ago, JSE:KIO formed a hammer candle and this was confirmed by yesterday's price action. A hammer is a bottom reversal signal and I think we could see a move upward towards the 52000 resistance level.

Long

H&S on Nedbank A slightly ascended head and shoulders has formed on JSE:NED . If this pattern plays out, we could see a move downwards to the target at around 13000 support area. This coincides with a breakout of the ascending channel that happened on the 9th of November.

Short

Multichoice Group downward turn JSE:MCG is showing signs of downward momentum and I think we could see a downward move towards the 10200 support level.

Short

Bullish Engulfing on Vodacom A bullish engulfing candle has formed on JSE:VOD based on Friday's price action - it formed at a reasonably strong support level. The momentum indicators are all showing upward momentum so I think we could see a move towards the previous high at around 15100

Long

BTI - Parallel Channel with upward momentum JSE:BTI is trading in a parallel channel and has recently bounced off the bottom on its way up. It is also showing some nice upward momentum. I would say that we are looking at an upward move towards at least the 55000 level if not further up towards the top of the channel.

Long

Updated

FSR Moving upwards JSE:FSR has recently bounced off a strong upward trend line. Based off of this as well as the momentum indicators which are all showing upward momentum, I think we could potentially see a nice upward move towards the resistance level at around 7000

Long

Capitec - trend-line bounce JSE:CPI has tested a trend line multiple times since last October. It is currently bouncing off of this line again and we could see an upward move if it doesn't break through downwards. The stochastic and the MACD are both confirming this momentum. The EMA's briefly crossed yesterday, but have since uncrossed again. If it breaks above yesterday's levels, I will enter a long position.

Long

ANH showing upward momentum JSE:ANH has recently bounced off a strong support level and seems to be moving upwards for the time being. The stochastic and the MACD both crossed upwards on the 21st of October and the two EMA's crossed over yesterday. These are all signs of upward momentum. I think we can see a move to at least the 90000 resistance level.

Long

Updated

Room for a retracement on Clicks?JSE:CLS has been on a good run lately and has continued to form new all-time highs up until the previous high on the 22nd of September. At the same time, it has been consolidating sideways mostly since mid August. With today's downwards price action, we have broken out of the bottom of the consolidation area. If this downward momentum continues, I think we could see a retracement down towards the .5 or .618 Fibonacci levels before turning again upwards to potentially form new highs. Let's see what happens.

Short

Updated

Goldfields Upswing coming?JSE:GFI is showing some signs of a change in momentum. We have been in a downswing since June this year and I think we could potentially see a move upward. It is currently bouncing off of a strong support level and if not a complete reversal, I think we could at least see a retracement upwards before continuing downwards. I will wait for the two EMA's to cross in order to confirm the upward move before entering.

Long

Updated

Remgro gap filled and heading downwards There has been a big gap in JSE:REM since June 2020. It has been slowly making its way up to fill it and finally closed the gap with the highs of earlier this month. The upward momentum has disappeared and it loks like we might be heading down for a bit. The momentum indicators are also showing the same thing

Short

Potential Fib Retracement on AMS JSE:AMS has been trading in a downward trend since March this year. For basically the whole month of July, it made a retracement all the way up to the 61.8 Fib level. It then went down again to form lower lows. It is currently bouncing off a very strong support level and is looking like it will make a retracement again before continuing downwards. My prediction is that it might go up to the resistance level which coincides with the 50/61.8 Fib level. Let's see what happens.

Long

Updated

ABSA downward move potentially JSE:ABG formed a bearish harami on the 4th of October which is a top reversal signal. This week, the momentum has been confirmed by the crossing downwards of the stochastic. The MACD and the EMAs look like they are on the verge of crossing down too which will be a further confirmation of the downward move.

Short

Strong breakout on Sun International JSE:SUI has made a strong upward move in the last two days. It is up over 11% in just today's price action. Currently it is trading at a strong trendline. It could either bounce off and make it's way down before turning up again, but if it breaks through, I think we can potentially see an extended upward move.

Harami at Strong Support on RNI A bullish harami pattern has formed at a strong support level on JSE:RNI . This is a strong bullish signal and coupled with the strong support level, I think we could see a nice move upwards towards the resistance at around the 29000 level.

Long

Updated

EXXARO - Upward channel with a Bullish Harami JSE:EXX has been trading in an upward channel since the big gap that was formed towards the end of April. It reached the bottom of the channel and formed a bullish harami pattern as it reached the support level. This candle pattern is a strong bottom reversal pattern and could be a sign of a reversal. This, coupled with the bottom of the channel could mean we could see a move towards the top of the channel again.

Long

Updated

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