Get started

Jse

JSE ALSI 40 chosen a direction? - DOWN! Bearish Symmetrical Triangle has been in the making since 17 November 2022... However, the last few months, the JSE has just not been able to break above it's most recent declination resistance. Instead, it's for the first time, broken below the formation - showing the bears are really starting to win. How long will it last we don't know. But it looks like the JSE ALSI 40 has chosen a direction and it's down. Other indicators confirm. 200>21>7 - Bearish RSI<50 - Bounce on resistance Target 59,428
TVC:SA40Short
by Timonrosso
How does OUTsurance have Data from 2013?“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.” A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI). They then changed the name to OUTsurance Group Holdings Limited (OUT). And they have been in the process of transitioning and rebranding from RMI to OUT following the unbundling of its investments in Discovery1. And now, the Centurion-based insurer has officially swapped places with its parent company, Rand Merchant Investment Holdings (RMI), which is no longer listed on the exchange.
JSE:OUTEducation
by Timonrosso
1
JSE ALSI follows Friday's action and makes a breakout and fakeouJSE ALSI 40 - Update We've seen the ALSI 40 form a restriction range between 70,122 and 67601. It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night. As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any decisions. It's these times where it's good to be hedged with longs and shorts during this timulteous time. I'll let you know...
TVC:SA40
by Timonrosso
UPDATE: Sibanye Medium term short trade still going to R16.89Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while short and it's a great hedge in the gold market. The target reamins at R16.89.
JSE:SSWShort
by Timonrosso
Kumba remains in its downtrend range - Which way to break?Kumba Iron Ore has been moving in this consolidation flag range since January 2023... The price has indeed been making lower highs and lower lows. But which way is it going to break, I believe depends on the Resources index. As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up). But regardless we have different levels to watch. For example, if the price breaks above R483.00, it'll give a great signal to go long and hold until it reaches a target of R600.00 If the price breaks down then the likelihood of a target with be R280... This is a classic example of a Neutral trade with a strong trading plan of action. Now we wait.
JSE:KIO
by Timonrosso
Famous Brands poised for upside - C&HCup and Handle has formed on Famous Brands since the breakout of the downside. We see the liquidity is thin as the volatility(jumpy) motion is high... This is why I would make a large gap between E and Sl... Other signs confirm upside including: Price>200 RSI>50 Target R77.62 however. I do want to see more of a definitive break above the Brim level before all systems go. ABOUT THE COMPANY: Formation: Famous Brands was founded in 1969 in South Africa. It started as a single restaurant called Steers, known for its flame-grilled burgers. Name Origin: The name "Famous Brands" reflects the company's growth strategy and ambition to become a renowned and recognized player in the restaurant and fast-food industry. Steers: Steers is one of the flagship brands under Famous Brands. It was founded by George Halamandres and opened its first store in 1960 in Joubert Park, Johannesburg. Famous Brands acquired Steers in 1984. Wimpy: Wimpy is another well-known brand under Famous Brands. It was originally founded in Chicago in the United States but became popular in South Africa. Famous Brands acquired Wimpy South Africa in 1987. Mugg & Bean: Mugg & Bean is a coffee shop and restaurant chain under Famous Brands. It was established in 1996 and offers a variety of coffee, baked goods, and meals in a relaxed setting. Expansion: Famous Brands has expanded its brand portfolio through acquisitions over the years, including the purchase of brands like Milky Lane, Debonairs Pizza, Fishaways, and House of Coffees. Global Presence: Famous Brands has a presence in several African countries and has also expanded into international markets, including the United Kingdom and the Middle East. Franchise Model: Many of Famous Brands' brands operate on a franchise model, allowing local entrepreneurs to own and operate their own restaurants under the company's established brand names.
JSE:FBRLong
by Timonrosso
UPDATE: JSE ALSI 40 - A break in price is imminentHere is the update with the ALSI 40... It seems to be in a tighter range with the resistance (short term downside) and the support from the Symmetrical Triangle since Dec 2022. We will be watching these levels carefully and will look to hedge positions as we are heavily short at the moment. At first glance, it shows that the price action is indeed more bearish right now with the resistance line in tact. And as there has been a bounce already, we might see a bit of consolidation before the next big move. We'll be watching the Americas as well, to help give some type of leading direction... Happy Monday and trade well.
TVC:SA40
by Timonrosso
The Raging Bull on a Falling Roller coaster - JSE in the nutshelAbout sums up the JSE right now... 📉📈 The JSE ALSI 40: Where Sideways Meets Rollercoaster! 🎢🐂🐻 Hey there, fellow traders and market enthusiasts! 📊💰 Have you been following the JSE ALSI 40's wild dance since December 2022? It's like watching a cat chasing its tail, but with more financial suspense! 😅🐱 Picture this: The ALSI 40 chart looks like a DJ's soundwave, with highs and lows that leave us all scratching our heads. 🤨📈📉 It's as if the market decided to throw a never-ending party, but with a catch – every time it cranks up the music and heads for the stars, it suddenly crashes back down like it remembered it had a curfew! 🎶💥 And guess what? Just when you think the party's over and everyone's heading for the exits, the market pulls a 180 and starts the bull run again! 🐂🚀 But here's the kicker – when you finally give in to FOMO (Fear Of Missing Out) and join the party, that's when the bearish bear shows up, and it's not in the mood for hugs! 🐻📉 So, what's a trader to do in this wild ride? 🤔 Here's the deal: 💰 Money Management is Key: It's time to be the disciplined partygoer. Risk management should be your DJ, controlling your moves on the dance floor. Allocate a smaller portion of your portfolio to each trade to weather those unexpected downturns. 🚫 Ego? Leave It at the Door: Ego is that party crasher no one likes. Don't let your ego dictate your trades. Remember, even the best traders face losses. Stay humble, stick to your strategy, and cut your losses when it's time to bail. 📆 Patience is a Virtue: Keep your dancing shoes on, because sooner or later, the market will decide on a direction. It might seem like a chaotic dance floor now, but trends emerge eventually, and when they do, you want to be there when the music starts playing. So, fellow traders, while the JSE ALSI 40 keeps doing its sideways cha-cha, let's stay nimble, manage our risks, and be ready to groove with the raging bull when it charges or stay steady with the bear when it takes its turn. 🕺💃 It's all part of the game, and in the world of trading, the only constant is change! Let's keep our eyes on the charts, our hearts in check, and our portfolios ready for whatever direction the market decides to sway next. 📊💼
TVC:SA40Education
by Timonrosso
South African rand in trouble - Next target R21 :(Inv H&S has formed on the USD/ZAR since 6 June 2023. The price has recently broken above the neckine, showing the US dollar is poised for upside. The DIXIE (US Dollar Index) is also showing upside to come. 7>21>200 and confirms the US dollar is going up. RSI>50 - Bullish First target is R21.00 ABOUT THE DIXIE: HOW IT’S CALCULATED The USDX is calculated by the Federal Reserve Bank of New York and is based on the exchange rates of six major currencies: the euro (EUR) – Accounts for 57.6% - ,Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona ( SEK ), and Swiss franc (CHF) .
Long
by Timonrosso
Wild guess for upside for City Lodge to R7.00I've just gotten off a plane, so excuse if I am missing something. But these jet lagged eyes potentially sees a massive Cup and Handle in the process. Ignore the indicators like 7=21 price <200 and RSI<50. And just see the price action. We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.) We have seen an absolute rally in hotels and accomodation since Covid. Prices are pumping up and yet hotels are still being booked out like no tomorrow. So, we could actually see a major rally of upside in the sector. My first crazy target is to R7.00. What do you think?
JSE:CLHLong
by Timonrosso
Aspen short looks like a Risky Biscuit - Here's whyThis one is tricky and I'd consider a medium to low probability trade. Aspen has just had a few days worth of bearish candles. Strong selling has clearly taken place. During the time, it's formed an M Formation. The price has broken below the neckline however there are danger signs that it might not work out. 1. 7>21 - Bullish. 2. Price >200 and needs to combat and break down 3. Smart Money Concepts - There is a fair value gap with an inefficiency of buying and selling. So the price is likely to go up at least 50% of the gap before choosing. 4. The JSE is in a jovial and positive mood right now... So you can see there are conflicting signals and if I had to get in, I would only risk 0.5% in this trade. RSI<50 Target R134.84 RISKY BISCUIT!
JSE:APNShort
by Timonrosso
Which way will MTN break out of the Diamond?Diamond Formation has formed since September 2022. This is a weekly chart because MTN is by far the most difficult market to analyse. It is famous for moving sideways for extended periods of time. Then it eventually breaks out and moves in a trend for a short but powerful period. This is only a market for trend traders who wait for the big move. Or for range bounded traders who buy and sell within the range. My ego is not high enough to choose a direction, so when it breaks out - we can choose to go long or short. 7=21 Price>200 Target up R203.90 Target down R60.65
JSE:MTN
by Timonrosso
Exxaro showing a stronger buy signal to R226.76Initially, I wrote that we could expect a break to the downside where there'll be a better entry for a short. But the entry price never struck and the price turned up intot he channel. Price is now breaking above the down channel, indicating a chosen direction - Up. Other signs show some upside 7>21 RSI>50 - Bullish Target R226.76 WARNING I'm not too convinced yet and will need a stronger breakout and maybe even for the price to move up, test the support then bounce giving a conservative entry. Then we are talking.
JSE:EXXLong
by Timonrosso
Grindrod above neckline of W Formation taking it higherW Formation formed on Grindrod since March 2023. And the price has finally broken above the neckline. This gives a decent signal that there is upside to come from the buyers. Other indicators confirm too: 7>21 Price>200 RSI>50 Target 1 will be with a Risk to Reward of 1:2 at R12.60 ABOUT THE COMPANY Diversified Group: Grindrod Limited is a South African company with a diversified business portfolio spanning various industries, including shipping, logistics, financial services, and trading. Establishment: The company was founded in 1910 and has its headquarters in Durban, South Africa. Bulk Commodities: The company specializes in transporting bulk commodities such as coal, iron ore, agricultural products, and more. Container Shipping: Grindrod operates container shipping services, facilitating the movement of goods in containers between Logistics Solutions: Grindrod provides integrated logistics solutions, including warehousing, distribution, and supply chain management services. Financial Services: Grindrod Bank, a subsidiary of Grindrod Limited, offers a range of banking and financial services, including personal banking, business banking, and asset management. Rail Services: The company has a presence in the rail sector, providing rail services for the transportation of goods and commodities. HOW IT GOT ITS NAME Grindrod Limited, the South African company, was named after its founder, Charles Grindrod. Charles Grindrod was an influential figure in the company's early history. He established the company in 1910 as C. H. Grindrod & Company in Durban, South Africa. The company initially focused on shipping and maritime operations.
JSE:GNDLong
by Timonrosso