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Santova M Formation waiting to break down - R7.35M Formation is forming on Santova. This is a consolidation pattern that took place after strong upside. Now the price could turn up and form a Box formation, where it can break to the upside. But as we say, we can only act on what we see. We absolutely need the price to break below the neck line of the pattern. 21>7 - Bearish Price>200 - Elastic Target R7.35 WARNING this is an illiquid, volatile and low volume traded market. So the trades are LPT due to the nature that trades can stop out. AND very few brokers (if any) provide Shorts with it. Let me know. ABOUT THE COMPANY Santova Limited is a South African-based company that provides a wide range of supply chain management services to businesses around the world. Founding: Santova Logistics, previously known as Spectrum Shipping, was founded in 1998. Headquarters: The company is headquartered in Durban, South Africa. Global Operations: As a global logistics solutions provider, Santova has offices in South Africa, Asia, Australia, Europe, Mauritius, and the United Kingdom. Services: Santova provides a wide range of services, including international freight forwarding, supply chain management, import/export solutions, warehousing, and distribution. Public Listing: Santova has been listed on the Johannesburg Stock Exchange (JSE) since February 2006. Specialisation: The company specialises in integrating and simplifying complex international supply chain functions through advanced information technology. Strategic Acquisitions: Over the years, Santova has grown organically and through strategic acquisitions to enhance its global footprint and service offering. Client-Centric Approach: Santova's business model is highly client-centric, offering bespoke logistics solutions tailored to the unique needs of each client. Technology: The company heavily invests in technology and innovation to improve efficiency and service levels.
JSE:SNVShort
by Timonrosso
Metair Up or Down? Both targets possibleBox Formation has formed with MTA. Now we need to wait for the breakout. Now this is funny. Normally box formations are Continuation patterns. As the prior trend was down, we would expect the price to break down. However, we are seeing higher lows and the support is being respected. So I am favouring an upside breakout. But in the meantime I'll give you both potential targets to act on. 7>21 - Sideways Price<200 - Bearish RSI=50 Target up R22.00 Target down R16.00 ABOUT THE COMPANY Metair Investments Ltd is a South African company that manufactures, assembles, distributes, and retails energy storage solutions and automotive components. Establishment: Metair was founded in 1948 and has since grown into a global company with operations in numerous countries. Public Listing: Metair has been listed on the Johannesburg Stock Exchange (JSE) since 1987. Two Divisions: Metair operates through two primary business segments - Energy Storage and Automotive Components. Global Presence: Metair's operations span across South Africa, Turkey, Romania, Germany, the United Kingdom, and the rest of Africa. Energy Storage: Under the Energy Storage division, Metair manufactures products for automotive, industrial, renewable energy, retail, and telecom sectors. The division includes the brands Mutlu, Rombat, and First National Battery among others. Automotive Components: Metair's Automotive Components division includes companies like Hesto Harnesses, Lumotech, and Smiths Manufacturing. This division produces original equipment (OE) components for vehicle manufacturers and aftermarket parts. Technology Development: Metair is involved in the development of lithium-ion battery technology and has a strategic focus on e-mobility.
JSE:MTA
by Timonrosso
UPDATE: Adcorp retesting C&H before next leg upC&H formed from Feb 2023 to June 2023. We then had a breakout. The price continued up and then the buying slowed down. Now we are getting a dip where the price will be testing the Brim level of the C&H. Moving Averages are conflicted where 21>7 - Bearish but price is above 200MA - Bullish. This states the uptrend is still intact. RSI<50 which is showing slowing down of upward momentum. Target still remains around R8.74 ABOUT THE COMPANY: Adcorp Holdings Limited is a South African company providing a wide range of human capital management services. Founding: Adcorp was founded in 1975 and has grown significantly since then, becoming one of South Africa's leading employment services companies. Public listing: Adcorp was listed on the Johannesburg Stock Exchange (JSE) in 1987, making it publicly traded. Global footprint : While Adcorp is headquartered in Johannesburg, South Africa, the company also has operations in various other countries, including Australia, India, and several African countries. Diverse services: Adcorp's services cover a broad range of human resource management needs, including temporary and permanent recruitment, skills development, training, business process outsourcing (BPO), talent management, and payroll services. Innovation: Adcorp has shown commitment to innovation, investing in technology. This includes using data analytics and artificial intelligence in talent acquisition and management.
JSE:ADRLong
by Timonrosso
Insimbi showing downside to 86 centsRounding Top has formed on Insimbi after its rally from the W Formation. 21>7 - bearish. Price>200 - Bullish Target 86 cents Warning is that this chart is unattractive for a trader: It signals Illiquidity and low volume with HIGH volatility. No matter what trade you take, I consider it a LPT (Low Probability Trade). ABOUT THE COMPANY Insimbi Industrial Holdings Limited is a South African company primarily involved in providing steel, aluminum, and other alloys to industries in South Africa and internationally. Inception: Insimbi was established in 1973, initially as a supplier of foundry and steel-making raw materials. Public Listing: The company was listed on the Johannesburg Stock Exchange's Alternative Exchange (AltX) in September 2008. Expansion Through Acquisition: Over the years, Insimbi has grown through various strategic acquisitions. For instance, in 2018, it acquired Group Wreck Non-Ferrous Metals, a company involved in the trading and processing of non-ferrous metals.
JSE:ISBShort
by Timonrosso
Merafe upside from the newest C&HCup and Handle formed with Merafe with the previous Breakaway gap that took place. The price has broken above the Brim level and is flirting with the 200MA. Also the price needs to move up to fill the gap. These are all bullish signals including: 7>21 Price<200 RSI>50 Target 1 will be to R1.47 ABOUT THE COMPANY Merafe Resources is a South African mining company that operates in the ferroalloys sector, predominantly in the production of chrome. Partnership with Glencore: Merafe Resources is best known for its partnership with Glencore. Through its subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., Merafe participates in the earnings of the Glencore-Merafe Chrome Venture. Primary commodity: Merafe's main commodity is ferrochrome, which is a key ingredient in the production of stainless steel. Formation: Merafe was incorporated in 1987 and has been listed on the Johannesburg Stock Exchange (JSE) since 1988. Headquarters: The company is headquartered in Bryanston, Johannesburg, South Africa. Extensive operations: The Glencore-Merafe Chrome Venture operates five ferrochrome smelters, 22 ferrochrome furnaces, and nine mines, making it one of the largest ferrochrome producers in the world. Sustainable mining: Merafe has an Environmental Management Program (EMP) in place, complying with the National Environmental Management Act. Women in leadership: Merafe has made strides in promoting women in leadership positions. The company's CEO, Zanele Matlala, is one of the few female CEOs in the South African mining industry.
JSE:MRFLong
by Timonrosso
Clicks broke above the Inverse Head and Shoulders FINALLYInverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed. We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls. Other indicators confirm: 7>21>200 RSI>50 Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76 ABOUT THE COMPANY Clicks Group is a retail-led healthcare group which has been listed on the JSE Limited (Johannesburg Stock Exchange) since 1996. Clicks Group was established in 1968 in Cape Town, South Africa by entrepreneur, Jack Goldin. Clicks was originally conceived as a drugstore concept in the style of American retailers such as Walgreens and CVS, but with legislation in South Africa at the time prohibiting corporate ownership of pharmacies, the model had to be adjusted to a variety retailer. The first Clicks store was opened in St. Georges Street in Cape Town. 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. The Group operates through multiple retail brands like Clicks, GNC, The Body Shop, Claire's, Musica (which you can't find anymore), and more, providing a wide array of products from health and beauty to homewares. In 2003, Clicks was finally able to introduce pharmacies into their stores after South African legislation changed to allow corporate pharmacy ownership. Clicks Group has the largest retail pharmacy chain in South Africa with over 500 in-store pharmacies.
JSE:CLSLong
by Timonrosso
Tigerbrands is coming down after M Pattern and Downtrend breakM Formation has formed on TBS. This is from the prior downtrend showing difficulties for the company. Now that the price has broken below, there is a higher chance of the market to drop. 200>21>7 Bearish RSI<50 - Downtrend momentum. Target R130.00 CONCERNS: If the JSE ALSI 40 rallies to new highs and breaks out of the Broadening formation, it might slow down the downside for the company. However, with the negative fundamentals kicking in with the bad results as well as the resignation from the CFO. The fundamentals might override the upside for the JSE.
JSE:TBSShort
by Timonrosso
JSE to hopefully break above the Vuvuzela formation T to 75,000This week I remain an optimist that we will see a higher low with the JSE. And it will soon (not sure when) break up and out of the long extended Vuvuzela formation. Once it does my first short term target will be to 75,000. Every year it seems the JSE is testing traders more and more. Some fundamental news: Someone asked about what happens with the Interest Rates staying put last week in South Africa? Here are my thoughts... In the short term it's normally a bullish sign as it will stimulate economic and GDP growth. It's cheaper for businesses to borrow money. On the other side the interest rates are still very high and in the medium to long term, this will discourage spending and will encourage savings as there is a better ROI keeping money in the bank... As traders, we react on the short term and hopefully with the interest rates on hold, it will push up buying and demand. Then we can get our rally we've anticipated for the last 7 months. I'm starting to feel like Clive Roffey, where you see the impending upside, but there are just no confirmation catalysts to boost it.
JSE:J200Long
by Timonrosso
2
Vuvuzela Pattern for the JSE ALSI 40 target to blow up to 75000 Well, well, well, we've identified the tumultuous and monotonous pattern on the chart finally. It's known as a Broadening Triangle or what I call a Vuvuzela Formation. The price diverges instead of converges in a triangle pattern... Now this can be a continuation or a reversal pattern. It all depends on the breakout. Looking at the D&S and liquidity it looks like the JSE really wants to break above the formation and head to new highs of the year. 75,000 is a decent first target... Also with Smart Money Concepts we can see there is a Sell Side Liquidity Order Block showing how Smart Money is sweeping selling and buying into it, hence there isn't a major push down in price just yet... I'm bullish with this Vuvuzela. Now we need the JSE to blow up.
JSE:J200Long
by Timonrosso
1
DRD Gold broken above the falling flag - BullishFalling Flag has completed on DRD Gold. It started on 9 May 2023, where the price came trickling down in a falling rectangle formation. The price now has broken above, which signals high buying and demand liquidity. This will push the price up. Other indicators confirm: 7>21>200MA RSI>50 Target 1 will be to R25.24 at the top of the pattern. ABOUT THE COMPANY DRDGold Limited, also known as Durban Roodepoort Deep Limited, is a mid-tier, unhedged gold producer and a world leader in surface gold tailings retreatment. The company was established in 1895 in South Africa, making it one of the oldest continuously operating mining companies in South Africa. The company primarily operates within the Witwatersrand Basin, located in the province of Gauteng, South Africa. This area is known for having some of the most substantial gold deposits in the world. The primary business of DRDGold is the reclamation and processing of residual gold from old mine dumps. They specialize in the recovery of gold from surface tailings. Their largest operation, Ergo Mining Proprietary Limited (Ergo), has a vast footprint on the western and eastern sides of Johannesburg, a region marked by many years of gold mining.
JSE:DRDLong
by Timonrosso
Life Health showing recovering finallyInv Head and Shoulders has been anticipated for months. We were just waiting for the right shoulder to form, which it has done. Next we'll need the price to close above the neckline and it should be a strong trade to buy, hold and profit. Price >200 RSI>50 Target R23.78 ABOUT THE COMPANY Life Healthcare Group is a South Africa-based healthcare provider. Origins: Life Healthcare, formerly known as Afrox Healthcare, was established in 1983. It is one of the largest private hospital operators in South Africa. Healthcare Services: Life Healthcare Group operates hospitals, provides acute care, and offers chronic disease management, among other services. It is involved in the entire healthcare spectrum, from wellness to acute interventions to rehabilitation. Global Presence: Apart from South Africa, Life Healthcare has extended its services to other countries such as Poland (through Scanmed) and India (through Max Healthcare). Large Hospital Network: Life Healthcare operates 66 healthcare facilities, including hospitals and day clinics, across South Africa. Employment: Life Healthcare Group is a significant employer, with more than 18,000 employees, contributing substantially to the local economy. Public Trading: Life Healthcare has been listed on the Johannesburg Stock Exchange since 2010.
JSE:LHCLong
by Timonrosso
Richemont breakaway gap for the downsideInverse C&H has formed on Richemont. Before the handle formed, it made a Breakaway gap. This is where the price stopped its current uptrend, broke below where there is liquidity that didn't fill, and then continued down. Now gaps close 70% of the time, so we could get a spike up before the downside. But that would be for a conservative trader. Other indicators show downside to come. 7=21 Price>200 RSI <50 Target R2,299 ABOUT THE COMPANY: Origins: Richemont was created in 1988 by South African businessman Johann Rupert. Its creation represented the spin-off of international assets owned by Rembrandt Group Limited of South Africa. Headquarters: The company's global headquarters is located in Bellevue, Switzerland. Luxury Brands Portfolio: Richemont owns several of the world's leading luxury goods companies, with particular strengths in jewelry, luxury watches, and premium accessories. Their portfolio includes brands such as Cartier, Dunhill, Montblanc, and Van Cleef & Arpels. Watch Expertise: The company is known for its Swiss watchmaking brands like Jaeger-LeCoultre, Piaget, IWC, Baume et Mercier, Vacheron Constantin, Officine Panerai, and Roger Dubuis. Global Reach: Richemont operates in over 35 countries globally and sells its products in over 100 countries.
JSE:CFRShort
by Timonrosso
JSE ALSI 40 Vuvuzela Formation - could break up!Hi guys, this could be a concern. JSE ALSI 40 has been forming a broadening pattern (Vuvuzela) since 12 April 2023. Now with these patterns, they can break any direction... If we make a higher low, the chance of the price breaking up is higher. Then we can expect the price to finally break up and out and head to 75,000 as the first target. As this is Monday, it will set the bar to where the market will be heading soon. We need to hold onto our hats as this can go south just as quickly as it went up last week. What do you think up or down this week?
JSE:J200Long
by Timonrosso
UPDATE Sanlam hit our price target and still heading upSince the last update, Sanlam formed a Falling Wedge, The price broke up and out of it and headed up. Then the sellers kicked in and tried to bring the price back down. However, the new established support was proven to be what kept the bulls strong. This was also a great opportunity to go long and buy the conservative entry level. Before we knew it, the price headed straight to its first target of R63.69. So what now. Look the trend is up, the JSE is up. So might as well stick with the trend and look for the next buying opportunity. But I'll let you know.
JSE:SLMLong
by Timonrosso
UPDATE: Shoprite showing strong upside still to come target R257Since the last update, Shoprite shot above the neckline of the Inverse Head and Shoulders. Since then, it's been rocketing to our first target. As long as the JSE ALSI continues its medium term upside and the retailers continue to move up - there is no stopping this one. Other indicators confirm. 7>21 Price >200 RSI>50 Target remains at R257.00 ABOUT THE COMPANY Origins: Shoprite originated in 1979 in South Africa, starting as a chain of eight supermarkets in Cape Town. Growth: Shoprite is now the largest supermarket retailer on the African continent. They operate in 15 countries across Africa and the Indian Ocean Islands. Headquarters: The company's headquarters are in Brackenfell, Cape Town, South Africa. Brands: Shoprite Holdings operates several well-known retail brands, including Shoprite, Checkers, Checkers Hyper, Usave, OK Furniture, House & Home, and more. Services: Apart from retail services, Shoprite also provides financial services, such as money transfer, ticket booking, and payment of utility bills. Employment: Shoprite is a significant employer in Africa, providing jobs to tens of thousands of people.
JSE:SHPLong
by Timonrosso
USDZAR analysis with the rand to strengthen to R15.90?Right off the bat, I normally get short analyses wrong with USD/ZAR. But the system is the system, so I have to keep to the rules. Since the trade hit my first target at R18.90, it's been forming an Inverse Cup and Handle. Now the price has broken below, which means the USD is likely to weaken from here. The indicators however are conflicted. 7>21 (about to cross) Price >200 - But the price could also drop below it entering a downtrend RSI<50 Target 1 for this analysis is an absurd R15.90. Let's see how this plays out. For argument sake, I hope it's right this time. Paying 27 US Dollars for 2 Prime cans was not the best investment of my life. And I know, I got ripped off!
Short
by Timonrosso
UPDATE: Afrimat on target to R66.75 and a new pattern arisesCup and Handle was the last pattern we used to make this prob prediction. Lately, we have had the price fall into a Falling Flag consolidation formation. And the price has already broken up and out of it. This means, we can expect upside to continue and head to our first target of R66.75. 7>21>200 RSI>50 Target R66.75 ABOUT THE COMPANY Afrimat Limited is a leading black empowered open pit mining company in South Africa. Name: Afrimat's name appears to be a combination of "Africa", reflecting its roots and primary operational region, and "mat", which could potentially be derived from "materials", representing the company's core business in supplying construction and industrial materials. Founding: Afrimat was founded in the early 1960s as the Lancaster Group, and was rebranded as Afrimat Limited in 2006. Listing: The company is listed on the Johannesburg Stock Exchange (JSE), and its listing took place in 2006. Headquarters: Afrimat's headquarters are situated in Durbanville, Cape Town, South Africa. Operations: Afrimat operates nationally in South Africa, and internationally in Namibia. It provides a range of materials, including aggregates, industrial minerals, and commodities. Aggregates: The company started as a producer of building aggregates, but it has since diversified into a wide range of mining and related sectors. Industrial Minerals: Afrimat expanded into industrial minerals and now produces dolomite, limestone, silica, and others. Leadership: Andries van Heerden is the Chief Executive Officer (CEO) of Afrimat.
JSE:AFTLong
by Timonrosso
TFG Quasimodo Inv head and shoulders upside to R120Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline. I call these the Quasimodos of trading. Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high. We have other indicators confirming: 7>21 Price<200 RSI>50 Target 1 will be at R120.00 ABOUT THE COMPANY Origins: The Foschini Group (TFG) is a South African retail group with a diverse portfolio. It was established in 1924, and its first store was a women's fashion retailer located in Cape Town. Portfolio: TFG operates numerous brands across various retail sectors, including fashion, jewelry, accessories, cosmetics, cellphones, and homewares. Some of its popular brands include Foschini, Markham, Totalsports, and Sterns. International Presence: TFG has a significant retail presence in 32 countries, including South Africa, the UK, and Australia. Expansion: TFG has grown through both organic expansion and strategic acquisitions. In recent years, the company has acquired numerous brands to diversify its portfolio, such as Phase Eight, Whistles, and Hobbs in the UK.
JSE:TFGLong
by Timonrosso
UPDATE: Old Mutual heading to target 1 and next target is...Falling Wedge formed on Old Mutual and the price broke up and out of the pattern. Since then it's been going to our first target of R12.61. It is still on course. Last few weeks, OMU has formed a W Formation (another breakout pattern). Once the price breaks this one, the next target could be as high as R13.38. Other indicators confirm upside to come: 7>21>200 RSI>50 Target 1 -> R12.61 Target 2 -> R13.38 SMC: Above the W Formation is a Break of Structure to the Upside. This is when the price breaks and closes ABOVE the wick of the previous HIGH in an UPTREND. ABOUT THE COMPANY: Origins: Old Mutual is a multinational wealth management company originating in South Africa. Founded in Cape Town in 1845, it's one of the oldest existing financial services companies in South Africa. Expansion: Since its establishment, Old Mutual has expanded to operate in 14 countries across two regions: Africa (including South Africa) and Asia (including China). Services: The company provides a broad range of financial services, including life assurance, asset management, banking, and general insurance. Managed Separation: In 2016, Old Mutual announced a "managed separation" strategy that aimed to separate its four main businesses into standalone entities. This resulted in the creation of four independent businesses: Old Mutual Limited, Quilter plc, Nedbank Group, and Old Mutual Wealth. Employment: Old Mutual employs over 28,000 people worldwide.
JSE:OMULong
by Timonrosso
Where is this damn JSE going - I hope UP! - Here's why. Your guess is as good as mine. One day we are up another is down. One week is up, one month is sideways. This is NOT conducive for trending markets. This is NOT conducive for breakout traders. This is not conducive for momentum traders. So we need to wait for a breakout to have a better idea on where it wants to go. Right now I'm long 8 stocks and short 6 stocks on the JSE. So yes, hedging is crucial during these times. Also, one needs to hedge with Forex, indices maybe even international markets. It's the only way to have more control of our portfolios and to diversify markets better. So which way is it going. No matter what, I always prefer the market to move up. I prefer for the optimistic approach where companies are doing well, South Africa is doing well and investors are doing well. Even though I could be stopped with all shorts, I honestly don't care. I care about the wellbeing of the country and the JSE. I don't normally rant with analyses, but this is a clear example of where we as traders, have no idea where the market is likely to head.
TVC:SA40
by Timonrosso
2
South32 living up to its name - Target R37.31Inv Cup and Handle formed on S32 and the price broke below. Not the momentum is picking up and things aren't looking good for it. We have other indicators... 200>21>7 RSI<50 Target 1 will be at R37.31. But I'll update as we go. ABOUT THE COMPANY South32 is a global mining and metals company. South32 was founded in 2015. The company was initially a part of BHP Billiton before it was spun off as a separate entity. The name "South32" is derived from the latitude line that links its two main hubs in Australia and South Africa. South32's portfolio includes operations in mining and production of bauxite, alumina, aluminum, coal, nickel, silver, lead, and zinc. South32 operates across several continents, including sites in Australia, Africa, and South America. The company's headquarters are located in Perth, Western Australia. South32 is listed on three stock exchanges: the Australian Securities Exchange (ASX), the Johannesburg Stock Exchange (JSE), and the London Stock Exchange (LSE). One of its significant assets is the Cannington mine in Queensland, Australia, one of the world's largest producers of silver and lead.
JSE:S32Short
by Timonrosso
TARGET on Woolies hit at R64.00 next target R70.93 - SMC M Formation formed on Woolies. Broke below the trendline and the signs were all bearish. 21>7 Price >200 Target R64.00 which it hit. But now it looks like there is upside to come due to SMC. SMC (Smart Money Concepts) First we look for LOL (Levels Of Liquidity). This is where there is strong volume of buying or selling from the big boys. We can see three LOLs. 1. 200MA -which the price is now above and could stay above 2. Previous support level 3. Hammer to the upside and Change of Character (reversal to uptrend) New target with SMC is R70.93 The probability of the trade idea is low because we are fighting the greater trend that is down, but it's worth looking at with SMC.
JSE:WHLLong
by Timonrosso