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JSE Top 40 LONG analysis still in check to 85,633Look I don't care whether the market rallies or falls. We trade either way and follow the trend. But on bigger time frames, it states and shows us what is rather than what the media and Jim Cramer says. And right now, the long analysis still applies for a few reasons. 1. W Formation, broke out and now going to test support 1 (Safety line 1) 2. Price<20 but still above 200MA which states the market is in a bull market. 3. If the price breaks below the safety line 1 it could go to 68,000 before it turns up again. So all in all the analysis still has a weird up target to 85,633 on the daily chart. And the market is still up 2.40% for the year - So it's not all bad babies.
JSE:J200Long
by Timonrosso
Sasol short about to get stopped out - Ready for a swing longTrades don't always work out. The trick is to prepare for not only the stop loss to be hit but also the counter action immediately afterwards at times. So in this case, the false break below lead to a rounding bottom and following another higher rounding bottom If it breaks above, we will be stopped but the next trade will be imminent for a long position. This is how we do it as active or hyper traders :) R207.16 - New target upside
JSE:SOLLong
by Timonrosso
2
REVERSAL Idea - Capitec Bank - first down to R2400 then up 2900Broadening Pattern has formed with Capitec. When this pattern forms it bounces between ranges. Right now it bounced off the top of the range, and is most likely to come down 50% from the most recent rally. Once it comes down to a target of R2,400 then it could consolidate move sideways and then breakup to the next target at R2,900. This is a little different from breakout trading, but I was asked for an analysis around this.
JSE:CPIShort
by Timonrosso
JSE Top 40 setting itself for great upside to 84,346Cup and Handle has formed since September 2023. We are waiting for an imminent breakout. With the new cabinet in play, stronger rand and weaker US Dollar with Granpa Biden bringing the US down. We are in for a potential rally with the JSE. Question is, will the AMerican markets lead the JSE too? When the US dollar weakens, we generally see a rally in their markets - which is great. High Probability analysis as the Price>20 Price>200 Extended uptrend has shown demand and buying being stronger. Target 84,346 LONG opportunities coming our way.
JSE:J200Long
by Timonrosso
UPDATE: Absa Target reached at R181.95 what next?Cup and Handle formed on Absa, broke up and out of it. On 12 June I said it was imminent for a breakout to the upside, but I had NO clue how fast this thing was going to rally. And it was only a Medium Probability Trade Price>20 Price<200 Now that the price has shot up, it obviously is silly to just buy and go long without waiting for a trend confirmation signal in my case. But we do have a DOWN gap (Breakaway gap) that has a 70% chance of closing based on history. However, we need some bullishness before we do anything.
JSE:ABGLong
by Timonrosso
UPDATE: PPC shifted the analysis to upside target at R4.26W Formation formed on PPC and there has been a breakout of the downside since December. The M Formation that formed I expected to breakdown never confirmed and so, the analysis has switched.l It's not easy making analysis probabilities with low liquid penny stocks like PPC. Funny I never thought PPC and Penny Stock would be in the same sentence but here we are and it shows how unpredictable markets are. Price>20 and Price>200 - HPT Target R4.26
JSE:PPCLong
by Timonrosso