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Barloworld short if trendline broken JSE:BAW is showing downward momentum based on the stochastic, MACD and EMA's that have just crossed. However, it has been trending upwards since the 26th of March and I will wait for a convincing breakout through the upward trendline before considering a short. If this breaks, we could be looking at a move down towards at least the lows formed at the beginning of the upward trend.

Short

Short on BHP JSE:BHP is looking good for a downward move based on the momentum indicators (Stochastic, MACD and EMA's). If this short plays out and it reaches the support level around 41000 this would mean a Head and Shoulders pattern would form. Once this Head and Shoulders forms and the neckline is broken, we could potentially see a move downwards all the way to the taregt around 33000. This is all dependent on whether the H&S forms and the neckline is broken, though.

BShort

EXX Short Opportunity JSE:EXX is showing some downward momentum and if continues, we could be seeing a nice downward move. Look out for the support level at around 16500, but if it breaks through that I think it could go down all the way to the 15000 area.

Short

Updated

Northam - Short The stochastic, MACD and the 2 EMA's have all turned downward on JSE:NHM - all signaling a short position. It has, however, been in an uptrend since end of Jan, so we might only see a retracement before a continuation upward. If it does go down, I dont think it will go much further than the support area around 23000.

NShort

Updated

AGL - Upward Channel JSE:AGL has been trading in an upward channel and has recently bounced off the top for the 3rd time. I think we could see a move downwards to the bottom of the channel from here. The 60000 level is a potential target before either bouncing up or breaking out of the channel.

Short

AMS - EMA crossing could be signaling a short The EMA's on JSE:AMS have finally crossed downwards after the stochastic and MACD have been showing downward momentum for some time. It might struggle a bit at the 200000 level, but if it breaks through that, I think we could potentially see it go to around the 180000 support level.

Short

Updated

Old Mutual turning up JSE:OMU has bounced nicely off of the 200 simple moving average, failed to make a lower low and seems to be turning upwards for a long position. Momentum indicators are also start showing a move to the upside. We could possibly go to the previous highs around the 1500 level.

Long

Downward Momentum on Mondi JSE:MNP is showing some nice downward momentum thanks to yesterday's strong down move. The stochastic, MACD and EMA's are all showing great potential for a short position.

Short

Cup & Handle on Capitec JSE:CPI has formed a great cup and handle pattern on the day chart. It goes all the way back to December 2019 with the top of the cup being formed on the all-time high that was reached in December 2020. If we successfully break this high, I think we could see a really nice upward move from there.

Long

Kumba moving down after a strong upward move After a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.

Short

Downward Momentum on ARI JSE:ARI is showing some good downward momentum with the recent downward crossing of the 3 and 15 period EMA's as well as the crossing downward of the stochastic and the MACD. If this momentum continues, we could see a possible downward move towards the support level at around 24000.

Short

SASOL - Upward Channel Holding JSE:SOL has been trading in an upward parallel channel since October 2020.It has made numerous unsuccessful attempts to break out of the trend since then but the upward channel has held. With the break of the previous highs last week, I think we can continue to see an upward rise in the price all the way to the resistance level at around 28000

Long

ASPEN - Bullish Pennant pattern JSE:APN has formed a beautiful bullish pennant pattern and is looking good for an upward move. If it breaks out the top of the pennant we could see a move towards the high formed in June 2020.

Long

Updated

Kumba on the rise JSE:KIO is showing great upward momentum in the stochastic, MACD and with the crossing of the 3 and 15 EMA's. It has also recently found support and bounced nicely off of the 200 SMA. I think we could see an upward move to at leas the 68000 resistance level, if not higher.

Long

Updated

DSY Long JSE:DSY is showing good upward momentum and is looking promising for a long position. After the EMA's crossed we have had 2 "red days" but is still showing upward momentum. I think we could see a move towards the 15000 resistance level.

Long

Richemont finally breaks out of consolidation area JSE:CFR has been trading sideways in a consolidation area since early Jan and it has really struggled to break through the resistance around 15000. With yesterday's price action it broke out of the top of the "buy-box" and it is looking promising for an upward move. This is a new all-time high, so, with no existing resistance in sight, if it continues upward, I would be surprised if it goes all the way to the 16000 level.

Long

SHP - Downward Momentum JSE:SHP is showing some good downward momentum and we could be looking at a short position. It is currently at a bit of a support level, but if it breaks through, I think we are good to go. The stochastic, MACD and EMAs are all confirming this move.

Short

H&S on FSR JSE:FSR is showing a nice Head and Shoulders pattern. If it plays out and breaks through the neckline, we could see a move towards the target at 4200 which is a strong historic support level.

Short

Bullish Flag on SSW JSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".

Long

Bidvest long JSE:BVT is showing signs of an upward move after a successful short position. Link below. Based off of the momentum indicators, we could be seeing a move to the upside. I would keep an eye on the trendline that it broke through recently as it might cause some resistance if it reaches that level.

Long

BVT Short if trendline is broken Although the stochastic, MACD and moving averages are all showing signals to go short on JSE:BVT , I am inclined to wait for confirmation of the break of the upward trend before entering a trade.

Short

Updated

Double Bottom with upward momentum JSE:ANG has formed a double bottom chart pattern and is showing some upward momentum based on the upward turn on the stochastic at the end of March and, more recently, the crossing of the EMAs and the upward turn of the MACD. If it breaks through the highs formed in early March, it might give us a nice upward move.

Long

Clicks long if trendline broken JSE:CLS is showing signs of upward momentum based on our trend-following strategy. However, it is struggling to form higher highs and break the down trend that it has been trading in for the past month or so. If it breaks this trendline, I will consider entering a long position.

Long

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