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Head and Shoulders on Pepkor with strong downside to R16.38Head and Shoulders formed on Pepkor a few days ago. The price broke below the neckline accompanying with other bearish signals. 200 >21>7 MA- Bearish RSI<50 - Bearish divergence with lower highs Target R16.38 ABOUT THE COMPANY Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie. The company started as a small clothing store in Cape Town, South Africa, and has since expanded to become a major retail conglomerate. Pepkor operates various retail brands, including Pep Stores, Ackermans, Shoe City, John Craig, Dunns, and Tekkie Town. Pep Stores is the largest retail brand in the Pepkor group, with over 2,200 stores across Africa. Ackermans is another major retail brand in the Pepkor group, specializing in clothing and homeware. Shoe City is a shoe retailer with stores across South Africa. John Craig is a menswear retailer with stores in South Africa and Namibia. Dunns is a clothing and homeware retailer with stores across South Africa. Tekkie Town is a footwear retailer with stores across South Africa.
JSE:PPHShort
by Timonrosso
The Search For Liquidity in ERA of TighteningYoung corporate executives in Mumbai, who may never have read Marx, were recently circulating by e-mail portions from Karl Marx's 150-year-old writings which lucidly talk about a stage in capitalism where banks would throw ever larger doses of cheap debt for consumption until there is a crises of repayment and the state would step in to take over the banks. Indeed, Marx had even said the original proponents of free trade will be forced to turn protectionist at some stage of globalisation! So it was only appropriate that the G-20 leaders should have met so close to Marx's grave. In fact, there are many other warning signals the G-20 leaders can take from the writings of Marx, undoubtedly one of the greatest thinkers of the 19th century. Seen in Marxian terms, the G-20 leaders represent the global bourgeoisie which wants to find new ways of revolutionising the instruments of production to take global capitalism to a higher level from what seems like a deep stagnation in large parts of the world today. In this context, Marx had specifically spoken about periods of commercial crises in advanced capitalist societies which are visited by an epidemic of overproduction The epidemic of overproduction creates total disorder in bourgeois society, threatening existing property and productive forces at large.
NASDAQ:LQDTLong
by noam_chom
Metair skyrocketing to R30.00 with a warningFalling Wedge which looks more like a rectangle flag formed on Metair. We then saw a Major breakout today. The next target is generally to the top of the formation. However, we have mixed signals and a warning. 200>21>7 - Bearish RSI>50 - Bullish Target R30.00 WARNING We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We need to wait for this to happen before the bullishness shows more on the charts. ABOUT the group manages an international portfolio of companies that manufacture, distribute and retail products for energy storage and automotive components. Metair was formed in 1948, becoming a supplier of automotive components to a single OEM in South Africa in 1964.
JSE:MTALong
by Timonrosso
Academy Sports (ASO) I bought some of this near the IPO back around $15 a share. I cashed out around $28 a share. I wished I had held, it is now near $63 a share. Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation. $67.13 is 1.618 extension on monthly. $67.83 on weekly 2.142 extended on daily right now, so I am hoping for a pullback to the $57.74 on daily 23% extension, which is in the range of the thin vol profile on weekly down to volume expansion at $58.41 $51.66 mo. & weekly 23% fib retrace; thin vol profile on weekly down to $58.01 $51.51 prior swing high on weekly $58.41 23% fib on daily; thin volume profile from $61.89 down to $58.41 fib I don't chase, I always wait for a pullback to buy, so I am setting an entry target of $58.56 in hopes of a pullback to higher volume profile off that 2.142 extension.
NASDAQ:ASOLong
by UnknownUnicorn13101
The Foschini Group Waiting for a break up to R140.24Broken out of downtrend since September 2022 Cup and Handle has formed in the interim (with the handle in play). We just need to wait for a breakout to the upside 7=21 but looks like it wants to cross up. RSI>50 - Bullish (Good) Target R140.24 General Info: The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925 which is headquartered in Cape Town. It has operations across South Africa (with over 1,000 stores and 20,000 employees), as well as in other countries in Africa and the UK. The group's portfolio includes well-known brands such as Markham, American Swiss, The FIX, and Foschini.
JSE:TFGLong
by Timonrosso
1
SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.Here are the SPY Cycle Patterns for this week. Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data. Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts. The markets are not expecting anything extraordinary right now - more of the same. The Fed rate decision will likely come in between 50pb and 75pb (as expected). All of this has been BAKED INTO the markets already. I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed. From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations. Follow my research.
AMEX:SPYLong
by BradMatheny
2
LiveWire LVW EV Motorcycle Company SPAC Blank Checkran across this in a Michael Burry article. Transaction net proceeds of $545 million* will fund LiveWire's strategic plan to accelerate its go-to-market model, invest in new product development, and enhance global manufacturing & distribution capabilities - LiveWire will benefit from industry-leading strategic partners - Harley-Davidson and KYMCO, a leading global powersports company headquartered in Taiwan - by leveraging their engineering expertise, manufacturing footprint, distribution, supply chain infrastructure and global logistics capabilities - LiveWire pro forma enterprise value of approximately $1.77 billion - Harley-Davidson and ABIC to Host a Joint Conference
ILong
by noam_chom
VMW VmWare Appealing again near $100 tech blue chip“The internet was supposed to liberate knowledge, but in fact it buried it, first under a vast sewer of ignorance, laziness, bigotry, superstition and filth and then beneath the cloak of political surveillance." VMware, Alibaba Cloud introduce next-generation public cloud service SA NewsYesterday, 8:55 AM6 Comments Intel CEO visits Taiwan Semiconductor to ask for additional capacity: report SA NewsFri, Apr. 08104 Comments
VLong
by noam_chom
PLAY -ing with Fire Up here - Dave & Busters Eatertainment ChainDave & Buster's is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's has a full-service restaurant and a video arcade. As of January 2022, the company has 144 locations in the United States and two in Canada. A quick scan of Google Maps D&B locations shows that very few are rated above 4 stars This is a large national chain with a good footprint, however the upside is limited if common Americans begin to slow down discretionary spending.
NASDAQ:PLAYShort
by noam_chom
BABA MOMENTUM POSITIVEWeekly Chart - BABA I am taking an interest in BABA here. It has been in a steep correction for well over a year and appears to have made a bullish wedge. What really has my attention is not only the price breakout above but also the momentum break. I may leave myself a little room and time here but I personally may take a heavier interest if it stays this cheap or drags sideways. These patterns are great for trading the spikes but there are no guarantees. It's not uncommon to see a large spike up (15-30%) only to correct and go nowhere for weeks or months. A breakout does not guarantee profit.. but for me the reward outweighs the risk in this zone. Let's see what happens.
NYSE:BABALong
by gghsusa
1