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UPDATE Murray and Roberts - Th big restest in play before upsideSince the last update, M&R was heading up on a smooth trajectory. The bears probably thought it was going up too quickly and too soon. So there is a temporary pause in the uptrend with the inv cup and handle. We are likely to get an uptrend test to see if there are any sellers around that area. If ther price bounces from there or anywhere around the higher low, we could see it continue with the current target at R4.75
JSE:MURLong
by Timonrosso
UPDATE ACL Profit target reached at R2.22Since the price broke abbove the W Formation and the Price went above above 20 and 200 THe momentum and buying just took off at an alarming rate. So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis. So what now? Now, it's in a dangerous area. The trend is so steep it can come down just as fast. If the buyers have conviction they will drive the price sideways first before the next buy up. But we'l have to give it some time before we decide.
JSE:ACLLong
by Timonrosso
Absa showing downside to come to R120 but I am not buying it LOLOk so I am taking this analysis with a pinch of salt. The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals. I mean we have an Inv Cup and Handle. We have a strong downtrend (safety line) - confirmed We have price<20 and 200MA - Making it a high probability short. Everything about the system is saying SHORT But I am calling BS on this analysis. A part of me wants to go short just for the sake of it because the system says the next target is at R120.12. Are banks predicting a bigger short and crash than we think?
JSE:ABGShort
by Timonrosso
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