Get started

Jse

TARGET REACHED: Life Health struck our target 1 at R21.34 W Formation formed, we then had some high volatility around the price. Luckily, the stop loss would have been below the pattern. The indicators were all showing bullish signs. 7>21>200 RSI>50 Target struck at R21.34 ABOUT THE COMPANY Life Healthcare Group Holdings Limited was founded in 1983 and is headquartered in Johannesburg, South Africa. Life Healthcare is one of the largest private healthcare providers in South Africa, operating 66 hospitals and healthcare facilities across the country. The company employs over 19,000 people and serves over 4 million patients per year. Life Healthcare provides a wide range of medical services, including acute hospital care, mental health services, renal dialysis, and oncology care. Life Healthcare has a partnership with the South African National Blood Service to support blood donation drives and increase awareness about the importance of blood donation.
JSE:LHCLong
by Timonrosso
Anglo American PLatinum setting for upside potential to R1,644Potential Cup and Handle is forming on the daily. We are seeing higher lows form and the supply side is dwindling. Once we get a break above the brim level, it'll be all systems go. 7>21 Price <200 - Bearish RSI>50 -bullish Target R1,644.61 SMC: Sell Side Liquidity order block has formed below the formation. Each time the price touches, it runs up. That's because Smart Money comes in sweeps the selling from (Shorters) and long traders who gets stopped. They buy into the orders, which push the price up. This gives bullish bias.
JSE:AMSLong
by Timonrosso
TARGET REACHED: Sappi struck through the first price of R40.60Symmetrical Triangle formed on Sappi, the price broke below the apex and the price chose the bias of down. We had other indicators showing bearishness such us. 200>21>7 - Bearish RSI<50- Bearish Target reached at R40.60 The trend is still down and we will need the next formation to form before we decide what to do next. I'll keep you updated. ABOUT Sappi Limited was founded in 1936 and is headquartered in Johannesburg, South Africa. Sappi's name is derived from its original name, South African Pulp and Paper Industries Limited. (Also think of SAP from a tree I guess). The company was founded in South Africa in 1936 as a state-owned enterprise and was later privatized in the 1990s. The name Sappi was adopted in 1997 when the company underwent a rebranding exercise as part of its global expansion strategy. The company is listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE) under the ticker symbol "SPP". Sappi is a leading global producer of dissolving wood pulp, paper pulp, and paper-based solutions. The company has operations in North America, Europe, and Southern Africa, with customers in over 150 countries. Sappi produces a range of products, including graphic papers, packaging and speciality papers, and pulp. In 2020, Sappi launched a new product range called Sappi Verve, which is a compostable barrier paper designed for use in food packaging.
JSE:SAPShort
by Timonrosso
UPDATE: Mustek is on its way to R19.09 on trackW Formation formed and broke above. We then had some whipsaws (jumps). The volatility of the markets showed that the stop loss needed to be wide and far from the general movements. This is what keeps you from being shaken out. Then other indicators showed upside to come including. 7>21 (Bullish) Price >200 (Green) RSI>50 (Green) The target remains at R19.09. The momentum is picking up nicely. ABOUT THE COMPANY Mustek Limited was founded in 1987 and is headquartered in Midrand, South Africa. Mustek is a distributor of computer hardware and software, including PCs, laptops, printers, and peripherals. The company operates in the ICT (Information and Communication Technology) sector and has four main business units: Mustek Limited, Rectron, Mecer, and Mustek Security Technologies. Mustek has operations in South Africa, Botswana, Namibia, Mozambique, Zambia, and Zimbabwe. Mustek Limited is the oldest and largest of the company's business units and is focused on the distribution of IT hardware and software products. Rectron, a subsidiary of Mustek, is a distributor of IT products and solutions to the Southern African market. Mustek has a partnership with Lenovo, a global technology company, to distribute Lenovo's products in South Africa.
JSE:MSTLong
by Timonrosso
Reinet setting itself for great upside to R460Reverse Cup and Handle has formed on the daily chart. The price broke above the brim level, and since then has made higher lows. There are other indicators showing upside to come including. 7>21>200 RSI>50 Target 1 = R460.00 CONCERNS: The price action is very volatile and jumpy. This is not conducive for trending and breakout trading systems as there can be shakeouts and fakeouts. Albeit it being bullish, the risk should remain small 0.5% to 1% for this kind of trade in my books. ABOUT THE COMPANY Reinet is primarily an investment holding company that invests in a diversified portfolio of assets, including listed and unlisted companies, private equity, and real estate. The company's investment strategy is focused on creating long-term value through active management and engagement with portfolio companies. Reinet Investments SE is a Luxembourg-based investment holding company. It was founded in 2008 as a spin-off from the South African tobacco company, Richemont. Reinet is a long-term investor in a diversified portfolio of assets, including listed and unlisted companies, private equity, and real estate. The company has a market capitalization of over R130 billion (as of April 2023). Johann Rupert, the founder of Richemont, is the Chairman of Reinet Investments. The company's portfolio includes significant investments in British American Tobacco (BAT), Pension Corporation, and Miura Holdings. Reinet Investments owns a 2.4% stake in BAT, making it one of the largest shareholders in the tobacco giant. Reinet also owns a significant stake in the South African telecommunications company, MTN Group.
JSE:RNILong
by Timonrosso
TRADE UPDATE: BRAIT Plc great company but still coming downLarge Bear Box Pattern formed and the price broke below. The signs were showing downside to come. But it's been a slow trade. 200 > 21> 7 - Bearish RSI <50 Bearish Target remains at R2.50 ABOUT THE COMPANY Brait SE was founded in 1991 and is headquartered in Johannesburg, South Africa. The company has a diversified portfolio of investments in various sectors, including healthcare, food, retail, and financial services. The company has investments in several well-known brands, including Premier Foods, Virgin Active, and New Look. The company has a market capitalization of approximately R4.4 billion as of April 2023. Brait's largest shareholder is Christo Wiese, a South African billionaire businessman. Brait's current CEO is John Gnodde, who has been with the company since 2014. In 2015, Brait acquired a 90% stake in Virgin Active, one of the largest health and fitness club operators in the world.
JSE:BATShort
by Timonrosso
Daily Bias - JSE ALSI 40 - BULLISHWe ended the week on an awful note with resources dropping over 4%, with gaps down and with sudden breakaway trends. Looking at the bigger picture of the ALSI 40, we still remain with Bullish Bias. 7>21>200 RSI>50 And we seem to be making a Falling Flag, which needs to break up. Also with SMC, it's early days but we have the first level of liquidity (Sell Side Liquidity) where hopefully Smart Money has come swept the sellers with Long traders stopped and Shorters (entered). Them sweeping the Sell Side Liquidity is buying into it pushing the price up. We remain with a buying side bias for the week.
JSE:J200Long
by Timonrosso
4 Ways to ACTION a trade - WHEN TO FIRE!You know that successful trading is… . . . . Patience. You need to wait for the setup, reason, system, lining etc… But then there is the 2% time where you actually ACTION a trade. We action a trade for three reasons. To enter To adjust To get out But we need to talk about these reasons more… Let’s do it., ACTION #1: Trade lines up – JUST TAKE THE TRADE! When your trading signal lines up with your entry, stop loss, take profit, and system: This is the most obvious time to take action. It tells you “HELLO AN OPPORTUNITY HS ARISEN” It is crucial to act quickly and decisively when this happens, as opportunities in the market can disappear just as quickly as they appear. ACTION #2: Adjust your levels – JUST CHANGE THE TRADE There are two levels you can adjust with your trades. Stop loss and Take profit. When the market is moving in your favour, and you have solid rules to move your stop loss in the favour. This is done to lock in minimum gains. For example. When my trade is 1:1 in the money, I might move my stop loss to just above breakeven. This way I have nothing to lose if it turns against me. Then when the market is shooting in your favour, you might want to adjust the take profit. This is because you can see the market wants to move further or… There is a new setup with a new take profit level in place – which happens often with my analyses. Action #3: Execute the time stop loss – JUST GET OUT When an extended period has taken place i.e. 35 days or 7 weeks. You might want to just get out of the boring trade. You are either : • Chowing (eating away at) unnecessary daily costs holding a non performing trade. • A trade setup seems null and void as a new contrary setup as formed. • Or it’s just a plain old opportunity cost where you can put your money in better places. it may be necessary to exit the trade in order to avoid incurring too much in daily fees or missing out on other better opportunities. Action #4: Exit due to unforeseen circumstances- SERIOUSLY JUST GET OUT! For example when a black swan event occurs: A black swan event is a term used to describe a market collapse (10X the standard deviationof its normal price move) that is unexpected and has a significant impact on the market. In the event of a black swan event, it is essential to exit your trade in order to protect your capital and avoid taking a bigger loss than you expected.
TVC:SA40Education
by Timonrosso
What just happened to Richemont? 911%!REMINDER: Compagnie Financière Richemont (CFR) is a Swiss luxury goods company that has a subsidiary in South Africa. The subsidiary's depositary receipts and warrant receipts were previously listed and traded on the Johannesburg Stock Exchange (JSE). However, starting from April 19th, 2023, these financial instruments will be suspended from trading on the JSE and relevant A shares and relevant A warrants will instead be listed on the exchange. Hold your horses! The 912% increase in Compagnie Financière Richemont (CFR) share price likely resulted from the conversion of financial instruments related to the company's South African subsidiary. The company announced a deadline for the conversion of depositary receipts and warrant receipts, which resulted in the suspension of trading on the Johannesburg stock exchange and the listing of relevant shares and warrants on the exchange. This process likely had a positive impact on the company's share price and resulted in the significant increase.
JSE:CFREducation
by Timonrosso
1
Truworths showing downside to R40.21 thanks to Rev Inv C&HReverse Inverse Cup and Handle formed over the last few months. Then there was a Rising Flag formation, which is a consolidation period before further downside. We need the price to break below, to get a stronger sell signal to the downside. MAs = mixed RSI<50 Target R40.21 SMC Buy Side Liquidity (Order Block) formed at the TOP of the handle of the Cup. This is where Long traders Bought at these levels, this is where Short Sellers got stopped (had to rebuy). And Smart money came in and swept the buying and sold into it - which pushed the price down. So I'm quite confident the bias overall is down.
JSE:TRUShort
by Timonrosso
Dischem showing strong upside to R30.24 Cup and handle formed on the daily. We need price to break above and close above the brim level to confirm upside to come. 7>21 bullish Price<200 but likely to head up to equilibrium. RSI>50 Bullish Target R30.24 SMC SSL (Order block) ABOUT THE COMPANY Dis-Chem was founded in 1978 by Ivan Saltzman and his wife, Lynette. The first Dis-Chem store was located in Mondeor, a suburb in Johannesburg, South Africa. Dis-Chem is currently one of the largest pharmacy chains in South Africa with over 180 stores nationwide. The company is headquartered in Midrand, South Africa. Dis-Chem employs over 18,000 people. The company offers a range of products and services, including pharmaceuticals, health supplements, beauty products, and baby care items. In addition to its retail stores, Dis-Chem also operates several clinics that offer various health services, including blood tests, vaccinations, and basic health screenings. Dis-Chem has its own private label range of products, including vitamins, supplements, and skincare products.
JSE:DCPLong
by Timonrosso
Capitec showing strong upside since break in downtrend to R2040Cup and Handle formed on Capitec since it broke above the Downtrend. Now that the price is above the brim level shows strong momentum up. Indicators also confirm upside 7>21 Price<200 but moving back to it's elastic equilibrium level RSI>50 Target R2040.00 ABOUT THE COMPANY Capitec was founded in 2001 and is headquartered in Stellenbosch, South Africa. The bank has over 15 million clients as of 2023, making it the third-largest bank in South Africa by number of customers. Capitec offers a range of banking products, including savings accounts, personal loans, credit cards, and insurance. The bank is known for its simplified and transparent fee structure, which includes low transaction fees and no hidden costs. Capitec uses advanced technology to provide its customers with a seamless and convenient banking experience. The bank has a mobile app that allows customers to manage their accounts, transfer funds, and pay bills.
JSE:CPILong
by Timonrosso
TFG showing a ton of buying signals to R112.02 Bullish Scallop formed recently on TFG. This coincides with a breakout to the upside from the continuous downtrend. Now that we have had a break above both, shows momentum is setting itself for more upside. Other indicators confirm upside to come. 7>21 MA Price<200 RSI >50 Target R112.02 SMC Bearish FVG formed (Arrow) this is where two candles prices do not overlap with the big ones... This means, we can expect the market to move up to rebalance and achieve equilibrium (Filling the gap). Also below the Scallop formation is a Sell Side LIquidity Order Block. Smart Monet is sweeping the selling and buying into it, pushing the price up. This is a good probability trade to go long.
JSE:TFGLong
by Timonrosso
JSE ALMI Take profit hit at 72,600 next trade is imminentInv Head and Shoulders formed on the 15 minute chart. We had an evidential Sell Side Liquidity Order block form around the Right Shoulder. This is where the price broke structure and we entered with our TP1 hitting 72,600. Next we have another setup preparing. We need the price to come back down to the most recent Sell Side Liquidity Order Block. sweep liquidity, turn up and break out of the downtrend . That's where we'll get our next Buy level around 72240. But I'll let you know as always!
JSE:J200Long
by Timonrosso
TAKE PROFIT HIt - JSE ALMI at 72,603 in 2 daysWe got in on Thursday 6 April 2023 at 71,540. This was based on an Inverse Head and Shoulders formation along with an Order Block of buying from smart money in two different places. Then there was a public holiday on Friday 7 April then it was the weekend and then another Pubic Holiday on 10 April.... Technically, we've only been holding this trade for 2 days. SMC The price came back down swept Sell Side Liquidity and then the buying really kicked in on Tuesday getting us out at 72,603. Nice quick gain and waiting for the next setup.
JSE:J200Long
by Timonrosso