BID Bullish HaramiJSE:BID ha formed a bullish harami and is looking good for an upward move if confirmed by todays price action.
ALSI
ABSA @ SupportJSE:ABG seems to be bouncing off of a support level at the moment as well as having broken through a descending resistance. We could be looking at a long move if it confirms.
TOP40TOP40 has closed under the 200ma and formed a massive double top which has a possible downside target of 5000 points. Price will likely go test the 200ma level again before continuing a move down.
Possible bounce on PSGJSE:PSG is trading around quite a strong support level and it is very likely that we will see a bounce and a move upward as it has struggled on this level many times before.
TBS reversalJSE:TBS has broken through a descending resistance. I will enter long if it breaks through the fractal.
SANLAM - Bullish Harami at SupportJSE:SLM is showing a bullish harami pattern at quite a strong support level. We could possibly be looking at a bullish reversal if confirmed.
Multichoice possible bounce off resistanceJSE:MCG is currently struggling with quite a strong resistance ceiling. We could possibly see a small downward mve if it doesn't break through
BVT - Descending Resistance breakJSE:BVT has opened on the other side of a descending resistance level which could signify an upward move if confirmed above today's high. There is a strong resistance level at 19000 so be mindful of that.
REM descending resistance breakoutJSE:REM has broken through a descending resistance level. If it confirms by closing above it at the end of today, we would be looking at a long position tomorrow.
NED - Possible reversal imminent JSE:NED formed a doji candle yesterday which means that the market has lost it's sense of direction and is vulnerable to change. Keep an eye on it and if it breaches around the 23600 level, I will consider a long position.
AMS Piercing line JSE:AMS has formed a piercing line at a support level. This could signal an upward move.
TFG Heading for strong supportJSE:TFG is heading downward towards a very strong support level that it has tested 7 times in the past. As always, wait for confirmation, but we can possibly expect a bounce off support and a move upwards.
FSR - Bounce or Break?FSR is at quite a significant support level and as things stand, it could bounce off the support level and continue upwards or break through and head downwards. Either way, we should still wait for a confirmation candle before jumping in.
AGL - Broken through previous lowsJSE:AGL has broken through a quite significant support level and confirmed it with an open and close below. We could continue downward with the current momentum.
AGL - Broken through previous lowsJSE:AGL has broken through a quite significant support level and confirmed it with an open and close below. We could continue downward with the current momentum.
APN - Triple bottom formingJSE:APN seems to be forming a triple bottom at the bottom of a parallel channel. If it fails to make new lows, we could possibly see a long movement up towards the top of the channel.
NPN Triangle BreakoutJSE:NPN has broken out of an ascending triangle and looks good for a small upward move.
Naspers possible reversalJSE:NPN has broken through an ascending support level with a bearish engulfing candle. Looks like a downward move will happen if it is confirmed by today's price action.
MTN at strong resistanceJSE:MTN is currently at quite a strong resistance level and the expectation is that it will find resistance again. If it bounces off the resistance level, we will look to enter a short once it breaks through the fractal of 26th of July.
If it breaks through the resistance, we could possibly be looking at a potential long position.
Mediclinic - Bearish Engulfing @ ResistanceJSE:MEI is showing a bearish engulfing at an established resistance level. If it confirms by going lower than yesterday's candle I will consider a short.
Mr Price - Breakout or Bounce?JSE:MRP is heading towards the bottom of a channel that it has been trading in. If it breaks through the bottom, I will consider a short position. Conversely, if it decides to bounce off the bottom of the channel, I will wait until it breaks above the high of today before potentially entering a long position heading towards the top of the channel.
Investec consolidation breakoutJSE:INL has been trading in a parallel consolidation channel since December but it seems to be breaking out with today's price action. If it confirms with tomorrow's price action, it could be setting up for a short position towards the support zone around the 7700 level.
Piercing Line on VodacomJSE:VOD formed a piercing line pattern which is a bottom reversal signal. If today closes higher, I will consider a long position tomorrow.
