Jse
City Lodge looking good for upside R5.00There has been a change in the wind for City Lodge.
A small but evident Cup and Handle has formed.
7>21MA
Price is still below 200MA which is a minor concern but with the JSE and ALSI picking up and establishing a somewhat bull market, this should send the price up,
Target 1 = R5.00
JSE still heading up despite FED 75 basis points hikeAs you can see as a position trader, we don't care about short term fluctuations with what happens with the FED, Employment numbers or Earnings.
We only care about what we see in the charts and where the markets are more likely to head.
The JSE ALSI 40 upside is still intact, and we are cautiously optimistic.
BULLISH BIAS
Barloworld - heading on top of the world!Barloworld has beautifully broken above the W Formation
Showing a ton of upside to come.
The 7 >21 MA bullish. The price is above the 200MA
CONCERNS:
The 200 is still above the 7 and 21 MA but I guess with a change in trend, we will see this no longer soon.
BULLISH
Mediclinic looking healthierMediclinic has just broken out of a somewhat Rounding bottom formation.
The demand and buying has kicked in which could send this price flying, once the support is retested and confirmed for upside.
CONCERNS:
The liquidity isn't great as the candles are quite large and erratic.
Bias - Bullish.
Ninety 1 W Pattern - Bullish R49.81W Formation has formed on the daily and price has broken up and out of it.
Moving Averages are almost perfect but still below 200MA..
Target 1 - R49.81
Bullish
With the JSE on the next upleg, we can expect a number of Top 40 companies on the index to rise in the next week or two.
ANH ready for flying fish to R1023.73W Formation on the daily has recently broken up and out of the neckline.
It then retested the support and bounced up, showing demand and buying is in play.
Moving Averages are almost perfect but price is still below 200MA...
Target R1023.73
With the JSE on the next up-leg, this could help boost the share price with this trade idea.
Standard Bank upside to come to R186.29Falling Wedge has established on Standard Bank.
Price has just broken above, but it's early days.
7>21 but 200 is still flirting with the previous Moving averages...
My first target is R186.29.
CONCERNS:
The JSE is mirroring the upside of the American markets (with the good earnings results) With the Dollar strengthening again, this bull run could be short lived and the market could crash below forming a fake out. I'll nevertheless take the trade and only risk 1% of my portfolio...