Jse
Northam - Short The stochastic, MACD and the 2 EMA's have all turned downward on JSE:NHM - all signaling a short position. It has, however, been in an uptrend since end of Jan, so we might only see a retracement before a continuation upward. If it does go down, I dont think it will go much further than the support area around 23000.
AMS - EMA crossing could be signaling a shortThe EMA's on JSE:AMS have finally crossed downwards after the stochastic and MACD have been showing downward momentum for some time. It might struggle a bit at the 200000 level, but if it breaks through that, I think we could potentially see it go to around the 180000 support level.
JSE:COH Curro Making Higher HighsAfter the covid low, Curro Holdings has had a good recovery. The in the trading range formed after the selling climax (SC) and automatic rally (AR) price has been making last points of supply (LPS). After the breakout of the trading range we can expect a markup to around R16.
EXXARO RESOURCES LIMITEDThis is just a short analysis of the potential price zones we could expect with Exxaro Resources Limited JSE:EXX . I think this company has good potential and a solid track record, good luck with everyone's investments I wish you well and a prosperous future!
This is merely an idea and not investing advice, tread carefully and invest on your own risk!!
TKG Divergence on Weekly ChartDecent position trade looking like it might be up for grabs. Daily shows some decline still possible to test 2 standard deviations from the mean on the downside, still staying in the area of value for those believing the stock is cheap, but will hopefully move to test the 200 day MA and break above in the next couple of weeks. Targeting the 200 MA short term and the 6850c per share area of value after that.
Cup & Handle on CapitecJSE:CPI has formed a great cup and handle pattern on the day chart. It goes all the way back to December 2019 with the top of the cup being formed on the all-time high that was reached in December 2020. If we successfully break this high, I think we could see a really nice upward move from there.
Kumba moving down after a strong upward moveAfter a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.
Downward Momentum on ARIJSE:ARI is showing some good downward momentum with the recent downward crossing of the 3 and 15 period EMA's as well as the crossing downward of the stochastic and the MACD. If this momentum continues, we could see a possible downward move towards the support level at around 24000.
JSE:ADH ADVTECH on the MoveADVTECH has been on the move since the beginning of 2021. After a long decline, it hit bottom at R6 in March 2020. After that, it has made higher highs with some volume when it broke R10. It is now pushing to test R15. We could see a backup of the breakout level at R10 before moving higher but holds opportunities on the way up.
JSE:CFR Richemont Breaking Up from Long Accumulation RangeRichemont has been in an accumulation range since 2014. After some preliminary supply (PSY) and a buying climax (BC) price moved sideways with someone accumulating stock between R100 and R105. After a spring down to R80 in March 2020 price met with high volume buying and has pushed higher on slightly lower volume indicating that the buyers are holding the stock and not selling reducing supply. We are now testing R150. It is possible that we may see a pullback to the breakout range at R120 but the Wyckoff markup phase has started. Looking at the length of the accumulation range (2014 to 2021) there is significant upside potential. Definitely a stock to campaign on its way up.