$JSEZED Zeder. Flag break and retestAfter consolidation comes expansion. Watch Zeder for a test of 275 support. If that support hold, it should be very bullish for this share. Stick to a stop loss if it break convincingly back into the channel.
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$JSEBAT Brait. Bottom of channel testRejection at the bottom of the channel and channel player scan add some in anticipation of another test of the top of the channel 400- 430 in the future. Stop loss below channel break 250 on the daily chart.
$JSERNI Reinet Investments. Resistance at 29280Reinet has move in a slight uptrend since Nov 2020 and has hit resistance around the 29200-29300 levels five times. If it continues to challenge this level and breaks it, 32200 and 33000 could come into play. Slow mover this, but a good addition to a diversified long term portfolio.
Breakout Imminent in Stocks!!!Stocks are consolidating into a triangle corrective wave. This is a perfect consolidation pattern an suggests a breakout is imminent. We are bullish of stocks and anticipating a bullish breakout at open which will take us back to 3928. From there we will likely meet resistance and consolidate further perhaps in a bull wedge before breaking out to higher highs. If we are wrong, we will find support at 3882 or 3871. The Kovach OBV is very strong and the Kovach Chande is neutral which is a perfect storm for a breakout.
$SPOT - Flagging Above Support$SPOT looks like there may be a continuation to my previous target.
Adjusted the chart based on today's and I'm targeting 100% fib extension for first exit, 1.618 as second target.
Will update the chart once we get to the 100%.
NZDCAD H4 - Long Trade SetupNZDCAD H4
Mean best value in between the middle of the zones indicated? We talked about this in the webinars we have been pushing out, and hopefully it makes logical sense now as I post examples more frequently.
Potential double bottom on support again, this was out preferred buy zone, and obvious zone to look to catch bid. Eyes peeled.
$SOHU Looking very interestingSOHU results surprised to the upside and broke from it's consolidation channel. A target of $24,50 - $25 looks likely.
Stocks Reject All Time Highs!! What's Next??We called out resistance at new highs with stocks for many reasons. The higher highs were increasingly less pronounced, momentum was sluggish and the Kovach Chande was gradually tapering. That and being at or near ATH's would take some momentum to break through. We were spot on with this analysis. The S&P tried to break new all time highs, and did so for a split second before completely and utterly rejecting them, diving to support exactly at the levels we identified. It sliced through 3898 to finally find support at 3882, which would have been a great level to buy back, and some readers did take advantage. Currently we seem to have gained some momentum from the bounce off 3882. The Kovach OBV has turned positive again, and the Chande has swung up. This however suggests that we are back to overbought territory and are due for a rejection of highs at 3928 or 3937. If we are able to break highs again, which will likely happen next week 3963 is the target.
FRANCE CAC40 Retest The Previous Toplooking for cac40 index to retest pre covid-19 levels before going into new bear market.
Retracement In Stocks??Stocks have formed an extremely narrow range at highs. This is an extremely common behavior after an asset has made strides especially to the extent that the S&P has. However it does appear to be running out of steam. The Kovach OBV is still very strong, but has plateaued a bit, suggesting that momentum is waning. Additionally, although we have been seeing higher highs and lower lows, the hallmark of a bull trend, the extent has decreased with every attempt, forming an overall arc pattern. The signs are pointing to a correction in stocks or at least a sideways correction for a bit. If we do have a correction look to 3909, 3898, or even 3882 for support. These are a mixture of technical and Fibonacci levels. We are completely aware of bubble forming thanks to free Federal Reserve magic papers. So if stocks do breakout they will contend with 3937 first.
Stocks At Highs!! Retracement??Stocks have continued their ascent but are slowing down. Indeed, we are seeing higher highs, but at a decreasing extent. This suggests that a healthy retracement is coming. We are still 100% in bull mode, and would still solidly be so even with a retracement to 3824. A 50% retracement of the Fibonacci levels shown is much more likely, which could bring us to 3871. Of course, this assumes a healthy market not the bloated, fed fueled bubble of a stock market we have now. It is also perfectly reasonable under these conditions to break out again to new highs. If so, 3937 if a good target. Either way, it would be extreme FOMO to enter a long trade at this point, unless you expect an imminent breakout for some reason.
Stocks to Retrace from ATH'sStocks are facing some resistance at 3909, after breaking new highs once again. Our Fibonacci extensions predicted a price target of 3928, which the S&P will hit once it is able to break through 3909. It is likely that it will retrace from here first. The Kovach OBV was strong but has plateaued, and the chande (purple line) has dipped notably. We are still bullish of stocks but must note that the pendulum has swung to the bull side, and it's natural for it to swing back before another push for all time highs. The levels 3867 and 3848 will give us support. Currently we are finding some support at the psychological level of 3900.
$JSERLO Reunert. Neckline break ? Possible neckline break at 4340 level on Friday. This could be an inverted head and shoulders neckline break with a target around the 6500 level. Keep and eye on that 4340 level. It needs to hold. Bullish looking chart.
$JSENED Nedbank. Strong moveNedbank made a strong move on Friday, and although this chart is open for interpretation, this could either be a pennant break to the upside, or a bullish looking flag building. Either way, 16500 looks like a possible future target.
Stimulus is going to push this even higherNice backdrop from the FOMC. Imagine higher highs, and pull backs will stay within the ema ribbon. If you are not long yet, buy the next dip.
Stocks Make New Highs!! Next Targets??Stocks broke through to new highs yesterday. The Kovach OBV suggests there was a lot of momentum here, and there had to be. The S&P formed a double top back in January validating the importance of 3867. It broke through and is currently having trouble with 3887. This is a level we called out last month, which was a Fibonacci Extension. The S&P is pretty extended right now, so we can expect a retracement, perhaps off 3887 to highs at 3867 or perhaps 3848. No one can deny the momentum in stocks, the Kovach OBV is quite strong. So eventually we will break through 3887 and hit 3928, then 3937. These are two somewhat proximal levels garnered from Fibonacci extensions. Note the vacuum zone between current levels and these targets. If the S&P is able to break new highs, it should sail through to those targets soon after.
S&P 500 Imminent Breakout!!Stocks are clinging to support at 3825. They have held a very narrow range between this and 3848 or so. It could really go either way from here. A narrow range always precedes a breakout, so whatever the S&P does, it is going to do with force. We are very close to all time highs, and these will not be easily broken. It will take some momentum to pierce through. If so, Fibonacci extensions suggest 3887 is our closest target. After that, we seem to have a bit of a vacuum zone before two Fibonacci extension levels at 3927 and 3937, just 10 points apart. From below, watch 3810, 3792, then 3758.
Stocks Volatile, Trade Carefully!!Stocks have maintained a period of extreme volatility. The S&P has zig zagged 200 points or so in the last few days. It has found support off lower levels at 3676, and has effectively returned to highs. It fell just short of all time highs, just under a congestion zone at 3844. It is likely to face resistance here. It is unlikely to see a breakout to new highs any time soon, since the S&P has extended almost 200 points already. This is quite a move even for stocks. We anticipate the volatility to continue, suggesting that we could test lower levels again. It is highly likely that we will test lower levels, then consolidate around highs, then breakout to achieve all time highs again. The levels 3792, 3810, and 3825 will all provide support.
Stocks Struggling for SanityStocks have displayed some extreme volatility over the last few days. The S&P has spanned about 200 points from highs to lows down in the 3600 handle. Currently, it has regained the 3800's finding support right around the psychological 3800 level. Even the Kovach OBV is somewhat oscillatory which shows the vicariousness of the momentum coming through this product. Eventually such extreme volatility will peter out, and we will have more well defined behavior soon. There is a double top at highs, which is a bearish sign. Also, we see a bearish crab cypher pattern on the daily chart. These are both ominous signs, so the fed will have to run the money printers on overdrive if they wish to prop up stocks for another bull run.
SPX-Bullish SetupCycle breaking out of the fourth wave and looking to complete wave 5 somewhere close to the 2.618 4100-4200 I'll start taking profit. Note the RSI hidden bullish divergence as well as the daily time-frame RSI has tagged and found support on the 40 lvl. Both of these two RSI signal indicate that we just completed a bullish correction for further up. Post any questions you may have or dm me. Happy Trading!
Stocks Face HeadwindsThe S&P has retraced significantly from highs. We are seeing quite a bit of volatility as large price swings of a full ATR or more are quite common with this product right now. These price swings have even registered with the Kovach OBV which is telling us there is a lot of momentum here in these buying and selling waves. The Kovach Chande is at highs. Since this is an oscillator, it is saying that the pendulum has swung to the buy-side and we are due for another retracement. If we are correct, we can expect the S&P to test 3713 or even 3675. From there it should find support. if it is able to breakout to the upside, there is a vacuum zone back to 3792
$JSEOMN Omnia. ConsolidationOmnia seems to be consolidating in a pennant formation. Keeping an eye on this one. Break from of this pennant to the upside would be bullish. Neutral for now.
$JSEZED Zeder. Consolidating Zeder consolidation between 275 and 256. A break above 275 could open 320 and 340 targets. Waiting
