Jse
LONG JSE ALSI 40 - Christmas RallyAre we up for a Christmas Rally?
Strong uptrend, broken out of Cup and Handle formation and positive correlation with RSI. Looks good for upside
Do you agree?
#JSE #ALSI #christmasrally #stockmarketrally #december rally
FSR Potential Short coming soonJSE:FSR broke through a support trend line late November which it has since tested again and it seems to have become a resistance level. If it continues downwards and the MACD crosses downwards as well, I think we could see a short move down towards the 5200 price area. I will wait for confirmation before entering.
Afrimat (AFT): long ideaI am looking at taking this company long at the anticipated levels, this company has been performing well, their acquisitions have been outstanding and i love them.
Grindrod (GND) Buy Idea- Levels of good LiquidityI am looking at taking buy opportunities after price drops to my anticipated levels. This is a stock i am very much interested in but want to see a bit of retracement before entering my longs.
GBPJPY- Liquidity grabbed and character has changed. Would be looking for long opportunities on this 1 as i am looking at framing long opportunities on the pound.
AIL, fundamentals are looking good for buysTencent has just completed their transaction at TYME bank, executives of AIL have been buying shares heavily, this makes me very much interested in buying this company, I just highlighted levels where I am looking to take hold of this opportunity.
NAS 100- At a confclunce area of long reversal I think price will retrace from the Sell Side Liquidity that I see, I am looking for sell opportunities short term
BHP to close gap?JSE:BHP has broken out of a sideways consolidation area and I could see it moving up to close the gap formed on 1 September. Target would be around 45200 level.
YELLOW ARROW - BEARER OF GOOD NEWSYellow arrow pointing to bullish engulfing candle stick. We will see AMS moving upwards, for the weeks to come.
Targets:
1. R192
2. R225
Remember this is my opinion and always DYOR before investing.
PEPKOR trendline bounceBased purely on the underlying trend, if it doesn't break through downwards, we could potentially see an upward move on JSE:PPH after bouncing off this trendline.
Triangle Breakout on NaspersAlong with the momentum indicators showing potential of an upward move, with yesterday's price action, JSE:NPN broke out of a triangle pattern that formed over the last while. I think we can see a move towards the 300000 resistance level.
Down move on SASOLJSE:SOL has broken out of a triangle pattern, signaling a short position. If it continues down, I think we could see a move towards the 22500 support region.
Inverted Head & Shoulders on ProsusJSE:PRX has formed an inverted head and shoulders pattern. With a break of the neckline we could see a move to the target at around the 160000 resistance level.
Purple Group Limited heading for previous highsIf you missed the entry on the retracement, its not late jump on the Purple groups rally to previous highs. This move is boosted by the groups, easyequities product success. It is still expected to grow their user numbers/day traders. From trend analysis, price will reach levels which it rejected at first. Long term bullish on this stock, look for it to reach the R2.73 level.
Kumba - Hammer at Support LevelTwo days ago, JSE:KIO formed a hammer candle and this was confirmed by yesterday's price action. A hammer is a bottom reversal signal and I think we could see a move upward towards the 52000 resistance level.
H&S on NedbankA slightly ascended head and shoulders has formed on JSE:NED . If this pattern plays out, we could see a move downwards to the target at around 13000 support area. This coincides with a breakout of the ascending channel that happened on the 9th of November.
Multichoice Group downward turnJSE:MCG is showing signs of downward momentum and I think we could see a downward move towards the 10200 support level.
Bullish Engulfing on VodacomA bullish engulfing candle has formed on JSE:VOD based on Friday's price action - it formed at a reasonably strong support level. The momentum indicators are all showing upward momentum so I think we could see a move towards the previous high at around 15100
HIGHER MOVES EXPECTEDWe can expect RDF to move higher to FIB 61.8. This will happen from anytime now till next year Jan I would say in my opinion
