$BAW - Barloworld holding horizontal support at 80-82Level of support is very clear here. Stock trying to close back above the 200dma which would be a good start. Should market remains strong could see it move to short term targets of R92 - R93 and R103. With its exposure to the commodity space and precious metals/copper moving up.. should be a bit of a catalyst for Barloworld to start moving higher again.
Baw
Barloworld - heading on top of the world!Barloworld has beautifully broken above the W Formation
Showing a ton of upside to come.
The 7 >21 MA bullish. The price is above the 200MA
CONCERNS:
The 200 is still above the 7 and 21 MA but I guess with a change in trend, we will see this no longer soon.
BULLISH
Zomedica Upcoming TRUFORMA™ on March 30, 2021Protected by approximately 70 issued and pending patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave (“BAW”) technology, developed by Qorvo (NASDAQ: QRVO), to provide a non-optical and fluorescence-free detection system for use at the point-of-care.
BAW technology, also used in cell phones and in the world’s most advanced radar and communications systems, is an extremely reliable and precise technology.
Zomedica expects to begin commercial sales of TRUFORMA on March 30, 2021.
Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians.
Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. (source: globenewswire.com)
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$JSEBAW Barloworld forming a bootiful rounding bottomBarloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should see a technical target of R163.00 come into play. Perhaps not a bad place to enter here for a good risk reward ratio in anticipation of the eventual breakout. Stop loss close below R120.00 which would invalidate the rounding bottom pattern.
Go long Barloworld LtdJSE:BAW is currently trading at a tantalizing level for a long trade.
The R128.00 acted as strong resistance for the first 2 months of this year and it would seem as if it recently held up as good support and it is trading at this level once again.
On the moving average front, the short-term EMA has crossed above the long-term EMA. The medium-term EMA is well on its way to do the same.
The Slow Stochastic is indicating that the stock is currently oversold and the MACD, although looking somewhat bearish, is still in bullish territory.
Action: Place a Limit Order to go LONG with your Limit Price set to R128.00. Set your Stop Loss to R119.00 and your Take Profits to R140.00 and/or R150.00.