Evening StarAn evening star pattern has formed on JSE:ANG . This is a bearish reversal signal so I think we can potentially see a downward move from here.
Jse
SASOL SELL Box Formation 13 SeptemberSasol broke below the Rectangle (Bearish) formation...
It looks like there is a lot of downside to come for the stock as well as oil...
The next support is based on the last years 12 September 2021 level at R245.00
That's where Sasol has a good chance of reaching.
Thoughts?
$STXRES Satrix Resources. Testing channel breakAfter breaking out of the downward sloping channel we are now testing this channel line again.
Adding some as I think/hope this line will act as support
Target if this support line holds is R67,50.
Small position. Be nimble
Capitec - Short triggered from double topA double top formed on JSE:CPI over the past few weeks. With today's big gap downward, the short has been triggered. Hopefully it doesn't go straight back up and close the gap, but that remains to be seen.
BID - ShortWe have entered a short on JSE:BID based on the downward crossing of the Stochastic, MACD and now the two EMA's.
Clicks - Short enteredAll three momentum indicators have crossed downwards on JSE:CLS signaling a short position. Our target is around the 264 level.
EXX - Possible ShortThe stochastic, MACD and now the two EMA's are all showing possible signs of a short coming up on JSE:EXX . If it continues lower, we will enter short. Target around the 184 level.
NASPERS - Symmetrical Triangle BreakoutThe price has broken out of a symmetrical triangle pattern on JSE:NPN . If it continues downwards, our short position will be triggered.
AGL - Breakout of Consolidation areaJSE:AGL has broken out of the sideways consolidation area that it has been trading in since the end of July. With the breakout the price action has triggered a possible short position that we will enter into if the price continues downwards.
CPI - Potential LongUsing our fractals strategy, JSE:CPI has signaled a possible long position coming up. The price broke out through the descending resistance line and, if it breaks the high of yesterday, we will be entered into a long position. The stochastic isn't at the most desirable location but it could still play out nicely.
Short triggered on Mr PriceAll of our 3 momentum indicators have crossed down on JSE:MRP , signaling a possible short position.
With today's opening, we were triggered into our short position with our target matching up nicely with the lows of mid July at the 165 level.
Bearish Harami on BHGA Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.
PPH ShortA short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.
Bearish Engulfing on ABSAA bearish engulfing candle formed on JSE:ABG on Friday. With this morning's price action, we have been triggered into a short position. The stochastic and MACD are also confirming this move.
STARDARD BANKstandard bank retesting the trend line of the bull flag gearing for a move to the upside
CLS - Breakout of consolidationJSE:CLS has been trading in a sideways consolidation zone since early May. With the price action on the 16th of Aug we finally broke out of the sideways move. If it continues up, I think we could be looking at a nice long position.
ACL setupLooking for a recovery to the previous failure.
Created new lows under July-Nov 2021.
We have gained on the 19th-20th on the smaller timeframe and now retesting as we speak.
We should impulse up to the previous failure if all goes well.
MTN Breakthrough and RetestLiking MTN here for a long, broke through the resistance and came back to retest.
Hopefully market turmoil doesn't get in the way.
What do you think about this setup?
AB Inbev - Triggered shortAll three of our momentum indicators have crossed downwards on JSE:ANH . Our target level is 787, but failing that, I'm sure we will get to the previous lows at around the 805 level.
