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Thungela is running out of steam - Target R88.70 Thungela has formed a Large H&S cine May 2022 The price has broken below the neckline and seems to be dropping further. 200 >21> 7 - Bearish (Red) RSI <50 Red and has formed a Bearish divergence. However, the price is coming down with the RSI which confirms a bear market. Target R88.70 General info. Thungela Resources Ltd (formed in 2020 in JHB as a spin off from AGL (Anglo American)) is a South African mining company that is focused on the production of coal. The company's primary focus is the mining of high-quality metallurgical coal (Production of steel) and thermal coal (Generate electricity). You'll find their main operations are located in the Witbank coalfield, which is one of the largest coal-producing regions in South Africa. The mines include the Klipspruit, Mafube and New.
JSE:TGAShort
by Timonrosso
3
DRD target reached at R14.12 next stop R17.63Target 1 Reached at R14.12 from the previous analysis. Now there is a Rectangle formation and on the bigger side of things a Larger Rounding Bottom. We just need to wait for the breakout. 7>21>200 - BULLISH (Green background) RSI >50 - Green New target R17.63 GENERAL INFO DRDGOLD (Founded in 1895 in JHB) is the largest producer of surface gold tailings in the world. The company operates two gold plants, the Ergo plant, and the Far West Gold Recoveries (FWGR) plant, which process gold from surface tailings. The company's main products are gold and uranium. Its main operations are located in the Witwatersrand Basin, which has been the site of some of the world's largest gold mines. What's great is DRDGOLD has implemented a number of initiatives to minimize its environmental impact, such as the use of cyanide-free technology.
JSE:DRDLong
by Timonrosso
2
Sasol pumping to R365.50Inverse Cup and Handle has formed on Sasol. It's a rare Chart Pattern where an Inverse Head and Shoulders never formed the right shoulder This means, the momentum to upside is strong and the price does not want to retrace back. 7>21 - Bullish RSI >50 Bullish Target R365.50 GENERAL INFO Sasol (founded in 1950 in JHB) is a large South African multinational energy and chemical company which operates in more than 30 countries. It is also one of the world's largest producers of synthetic fuel from coal and its main products include liquid fuels, chemicals, and low-carbon electricity. The company is involved in the exploration, production, processing, and marketing of natural gas and oil.
JSE:SOLLong
by Timonrosso
OCEANA swimming to our target of R76.00 Since our last Trade Update with Oceana, the market is still on track to R76.00. The Quazimodo Inv Head and Shoulders seems to be working, but taking its damn time. Also we have stronger bullish confirmation signals like 7>21 Price >200 RSI >50 All great signals for upside momentum Here's general information about Oceana. Oceana (founded in 1887 and headquartered in Cape Town) is the largest fishing companies in South Africa and largest fish canned company. It is involved in the harvesting, processing, and marketing of fish and fish products. They operate a fleet of over 20 vessels and exports products to over 50 countries world-wide. The company's main species of fish include hake, sardines, and anchovy. And is involved in fishmeal and fish oil production. Their main brands are Lucky Star, Oceans, and Klipkop.
JSE:OCELong
by Timonrosso
Northam is showing downside to R145.18 while the markets rallyHead and Shoulders in the making for Northam PLatinum Since it broke out of the downside and entered into a rising - sideways consolidation - the buyers have just not been able to keep the price up. We are starting to see negative and bearish signs technically. 21>7 - Bearish Price approaching 200MA RSI<50 - Bearish Target R145.18 CONCERNS: The main concern is that global markets are flying, resource stocks are sky rocketing along with gold. The January Effect alone pushed up the JSE ALSI 9% this month. So we are seeing bullish signs, which could turn up Northam. But for now Northam is bearish.
JSE:NPHShort
by Timonrosso
Redefine looking ripe for the picking to R5.00 since Nov 2021! Redefine has been coming down since November 2021. The channel was strong and continuous. That was until last year, where the price finally broke up and out of the channel. This entered into a sideways consolidation range -hence creating a Symmetrical Triangle. We are still in undecided mode and so we'll need to wait for a breakout before buying. 7 =21 - Undecided Price>200MA - Bullish RSI - Bullish divergence Target R5.00 GENERAL INFO Redefine Properties is a South African Real Estate Investment Trust (REIT) that is listed on the JSE in good 'ol Jozie. The company owns and manages a diverse portfolio of commercial and retail properties in South Africa, as well as in other countries such as Australia and Poland. Its portfolio includes office buildings, shopping centres, industrial properties, and hotels. Some buildings you might know owned by redefine are: Shopping Centers: Eastgate Shopping Centre in Johannesburg The Glen Shopping Centre in Johannesburg Tyger Valley Shopping Centre in Cape Town Hotels: The Capital Mirage Hotel in Sandton, Johannesburg The Capital Pearls Hotel in Sandton, Johannesburg The Capital Empire Hotel in Sandton, Johannesburg Office buildings: The Capital on the Park in Sandton, Johannesburg
JSE:RDFLong
by Timonrosso
Mustek has formed a W 1st Target - R19.09 New name W-ustek!Mustek has formed a W Formation and had broken up and out of the neckline 7>21 (Bullish) and Price >200 SMA (Green) RSI>50 and plodding nicely up (Green) Bullish momentum Target R19.09 GENERAL COMPANY INFO Mustek operates in the technology and electronics sector and is one of the largest distributors of IT products in South Africa. The company's product portfolio includes computer hardware, software, and consumer electronics. You'll find a whole bunch of top brands at Mustek shops including Acer, AOC, ASUS, Brother, Canon, Dell, Epson, Fujitsu, HP, Lenovo, Lexmark, LG, Samsung and many more. The company has a number of subsidiaries, including Mustek Systems and Mustek PowerSure.
JSE:MSTLong
by Timonrosso
JSE ALSI showing strong upside thanks to China & January EffectJSE has been forming a fantastic Cup & Handle since March 2022. The price broke up and out of the brim level and I want long and bought it. 7>21 (Bullish) Price >200SMA (Bullish) RSI >50 (Green back) Bullish The first target is 83,209 It seems like despite the economic crisis with load shedding, water outages - The rand has gone up a bit since inflation slowed at 7.2%. Naspers and Prosus are also helping the JSE head on up with the run up on China since the Covid restrictions. I guess the January Effect is still strong and we should continue seeing upside to come - touch wood. Trade well, live free... Timon
JSE:J200Long
by Timonrosso
BEFORE and AFTER Each Trading Day you shouldA game-plan is a must, to see a potential goal, dream or vision. You got to have a proper POA (Plan Of Action) and execute. Whether it’s selling property, building a business, playing a sport or growing your wealth. You need a BEFORE plan and AFTER plan. Same with trading. You need to have a trading plan BEFORE and AFTER each trading day. BEFORE Each Trading Day: 1. Know the main market’s trend direction The first thing I want to know is, what the main market’s trend direction is. Plot the resistance (ceiling) and support (floor) levels, so you know whether they are in an up, down or sideways trend. If up – look for longs (buys) If down – look for shorts (sells) If sideways – look for potential breakout levels. 2. Scan through your watchlist Once you know the main market’s trend direction, have a quick scan through your watch list (markets you trade). Orientate yourself with where the markets are heading and whether trades are lining up. This way, you won’t go into the trading day blindly. 3. Write down high probability trade setups You know the main market’s trend direction, and have an idea of where the markets are heading – now you can plot your trade ideas. Go through the watch list again, and write down any potential trade setups (with your written entry, stop loss, take profit and reasons for entering the trade). 4. Choose your TRADES for the day Just because you have written down trade setups, doesn’t mean you need to take every one of them. Instead, look at which ones which will yield a better probability at working out and has a better chance at winning. All done before the trading day has even begun… AFTER Each Trading Day 1. Journal every trade When the markets’ have closed, and you have time to breathe, go to your trading journal and jot down the trade/s you took for the day. Each entry should have the (Market name, date, type, margin, entry, stop loss, take profit and reason for entry). 2. Outline lessons of the day If you’re just starting out or you’ve been in the markets for less than five years, I suggest this extremely useful step. Write down any market lessons you learn for the day. Here are some lessons you can write down: How the market reacted to a news event How you felt taking a trade or holding onto current trades Mistakes of the day you learnt or made Trading lessons that you want to incorporate into your trading… Write these lessons down, as they will forever be part of your experiences to become a successful trader. 3. Re-check & confirm your open trades This is extremely NB*. Make sure your entry, stop loss and take profit levels are still in the trading platform with all open trades, at the end of the day… Sometimes, brokers have certain glitches in their systems, that can remove your trading levels (automatically). It happens on a continuous basis and it’s our job, to make sure everything is running smoothly and our levels are still in place. 4. Quick scan your watch list & look for potential trades for tomorrow Last action you can take for the day, is preparing for tomorrow. Go through your watch list, look for the next batch of trade setups and write them down. This is so you know what to do for the next day… Trade well, live free. Timon
JSE:J200Education
by Timonrosso
Investec still showing great upside to come to R120.57 Falling Wedge is still in play with Investec. We see 7>21 SMA - Bullish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R120.57 General Info: Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services including banking, wealth and investment management, and asset management. There are also investment options including equity and fixed income funds, private equity, property and infrastructure funds.
JSE:INLLong
by Timonrosso
City Lodge looking great for upside to R6.46Cup and Handle - Retest 7>21 SMA - Bullish Price >200 Bullish RSI >50 broken Neg Div. Target R6.46 General Info City Lodge (JSE:CLH) is a South African-based hotel group listed on the JSE in 2000. It operates in variety of hotels across South Africa, including the City Lodge Hotel, Road Lodge, and Town Lodge brands. You'll find the hotels mainly in SA (Johannesburg, Cape Town, Pretoria, Durban, and Port Elizabeth). But I believe it also has hotels in other parts of Africa like Botswana, Namibia and Mozambique.
JSE:CLHLong
by Timonrosso
Afrimat retesting Cup and Handle - Target R68.55 7>21 SMA - Bullish Price >200SMA - Bullish - Green background Cup and Handle has formed and the price has recently retested the Brim Level. RSI >50 (Green background) - and is showing higher lows - Bullish First target is R68.55 This also is showing upside as the local resource market continues to move up in 2023. General Info Afrimat is an acronym for "African Material Supplies", which is where the company got its name from. The name is reflective of the company's focus on providing industrial minerals and construction materials to customers throughout Africa. It specialises in mining and supply of industrial minerals, including construction materials such as aggregate, sand, and granite. It operates in certain places in South Africa like Western and Eastern Cape, KwaZulu-Natal, and the Free State.
JSE:AFTLong
by Timonrosso
Merafe heading to target 1 and already have Target 2 in mind New Cup and handle has formed on Merafe following the Old one in 2022 Target 1 at R145 and now a new target of R1.66 Price >200MA first time since Sep 2022 Some info on Merafe Merafe Resources is a South African company that is primarily engaged in the mining and production of ferrochrome, which is an alloy of chrome and iron used in the production of stainless steel. Resources is on a nice uptrend in the start of the year including AGL, BHG, ANG, GOLD and JSE:RES. Which I am long pretty much all of them. Now since 2003, I have had a secret with Merafe. I buy at 60 cents and sell at R1.20... I've been doing it ever since and it's worked like an absolute charm. Touch wood though now that you know my secrets!
JSE:MRFLong
by Timonrosso