CLS
CLS buy setupThe CLS symbol has a good buy range.
The price is moving towards the Demand range in a compressed form.
We specified the range of demand and an optimized range of this demand.
On this range we can look
Be the buy orders.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
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CLS stock in upward trend Stock : CLS ( Celestica Inc )
Date : 27 Mar 2024
Main Trend : Up
preferred Transaction : Buy ( 45.50 $ )
Reasons : The stock is reversed from the support level ( upward trend line again ).
Technical Analysis success at level : 54 $
Technical Analysis fail at level : 39.50 $
UPDATE You pay less for Clicks for NOW target still R340You pay less at Clicks but the price is going up so now is the best time to buy.
We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come.
We have other indicators confirming including:
7>21>200
RSI>50
Target R340.76
ABOUT THE COMPANY
Clicks is a well-known South African retail pharmacy, health, and beauty chain.
Clicks was founded in 1968 in Cape Town, South Africa, as a health and beauty retail store.
Product Range:
Clicks offers a wide range of products, including pharmaceuticals, over-the-counter medications, beauty products, skincare, haircare, personal care items, and more.
Store Network:
Clicks has a vast network of stores across South Africa, with locations in cities, suburbs, and shopping malls.
Pharmacy Services:
Many Clicks stores have an in-house pharmacy, providing prescription medications, advice from qualified pharmacists, and other pharmaceutical services.
Private Label Products:
Clicks has its own private-label brands for various products, offering customers affordable alternatives to well-known brands.
Wellness Clinics:
Some Clicks stores have wellness clinics that offer various healthcare services, including vaccinations, screenings, and family planning consultations.
Beauty Services:
Some larger Clicks stores offer beauty services such as nail bars and eyebrow threading, enhancing the shopping experience.
Online Shopping:
Clicks offers an online platform where customers can shop for a wide range of products and have them delivered to their homes.
Rewards Program:
The Clicks ClubCard loyalty program offers customers discounts, cashback rewards, and personalized offers based on their shopping habits.
Parent Company:
Clicks is part of the Clicks Group, which also owns other retail brands like Musica, The Body Shop, and UPD (United Pharmaceutical Distributors).
HOW IT GOT ITS NAME
The "Clicks" name was apparently derived from the sound that the founder, Jack Goldin, heard from a clicking stethoscope, embodying the health focus he wanted for the company.
However, due to the existing legislation, the health focus was not immediately realized until later years.
CLIAdd this instrument to your watchlist, wolves🔥
There was a confident bullish trend before and now the price is accumulating the energy.
According to Elliott Waves theory Wave D is done and the price is heading to Wave E.
So follow the chart and look for the breakout point carefully.
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And always remember: "we don't predict, we react".
JSE:CLS Clicks Stop RunAfter finding support at the yearly pivot point I thought we had seen the spring and the markup is to follow. However, we have had a stop loss run where large interests were hunting stop losses to generate more liquidity and accumulate more shares. A break back above the 200 Day SMA and yearly pivot point could be the start of the markup. Clicks is stronger than the Top 40 and negative divergence on the Volume RSI also indicate and an increase is due.
JSE:CLS Clicks Backup CompleteWe have had to wait but the backup to the trading range seems complete (See previous posts). After an accumulation range and breakout, we have now had a smaller reaccumulation range with a backup to the larger accumulation range. A spring-like action with volume seems to indicate Clicks is ready for the markup to start. With the volume entering, we are expecting the price to commit above the breakout level of the backup.
Big bearish divergence on Clover Industries LtdBetween October 2018 and March 2019, JSE:CLR went on a strong bullish run. Since then, the stock has been running flat.
More interestingly, though, a big bearish divergence has formed between price and the MACD while also breaking the upward trendline. The Slow Stochastic indicator is also trading well below the 50 level at 34. This is indicating weakness in price and adds to the bearish signals.
The stock is thus looking good for a short trade but I would like to see a close below support at R22.00 before I would recommend opening the short trade.