Jse
USDZAR Looking horrible STILLThank you for the request
USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00
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Steinhoff is not a Steinway that's for sure!BEARISH
4 Hour
Box Formation - Consolidation
Break below and target R1.00
ETO a Penny to NOT drop in the next few monthsA distorted but form of Cup & Handle has formed in the 4 hour chart...
The price has broken up and above the Brim Level as of in the last couple of weeks.
It's now showing strong upward momentum to come with the 1st target to 75 cents...
Also we have a gap that is ready to close (hence more bullish signals).
BULLISH!
Harmony is looking good for upside but there is a warningHarmony is looking bullish for upside. There are a few hurdles. 1. Needs to break above the medium term downtrend. 2. Needs to break above the 200MA...
3. There is a gap which needs to close.
However, momentum according to price action does look up so the chances are quite positive for upside..
Capitec - Hard FallI gave out a stern warning about Capitec's overvalued price. I did say that this stock will be in a crazy nosedive very soon. Price has been falling from the R2 380 highs. We are now approaching the R1 500 zone which needs to be broken.
I'm loading Capitec shares very aggressively at these zones:
1. R550
2. R200
LOOK BEFORE YOU LEAP!!! INVEST WISELY!
3 Short signals for BHP Billiton Group OUCHThis is NOT The year for Resources I must say. BHG is showing 3 patterns of downside to come. 1. Inverse Cup and Handle large. 2. Medium Inverse Cup and Handle and 3. Descending Triangle... If it breaches below the neckline (brim level), we can see an easy target to R325.00
Standard Bank - Sell shortWedge within a wedge - I just invented this pattern. I dub thee 'the wedgy pattern' (TM).
Price has gapped under the inner wedge.
Shaded area represents an important area for price to maintain.
A break of outer wedge would confirm my trade thesis. Sell short.
Historically, volume spikes seem to imply a start of a short-term downward trend. This holds true for the last 6-10 months.