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Hyprop ready to head HIGHER to R36.00Cup and Handle has officially formed on the daily chart. This was confirmed by the bulls that there is upside to come when the price stayed above the 200MA. Now once we get our breakout, we'll be more inclined for further upside and demand. Target R36.02 ABOUT THE COMPANY: Foundation and Listing: Hyprop Investments Limited was founded in 1987 and is listed on the Johannesburg Securities Exchange (JSE) under the ticker HYP. Market Capitalization: As of January 2024, Hyprop has a market capitalization of approximately R10.9 billion. Primary Focus: The company is a retail-focused Real Estate Investment Trust (REIT), owning and managing a substantial portfolio of mixed-use precincts. Portfolio Value: Its portfolio is valued at around R40 billion, underpinning dominant retail centers in key economic nodes. International Presence: Beyond South Africa, Hyprop has a significant presence in Eastern Europe. Diverse Property Portfolio: In South Africa, Hyprop's portfolio includes 12 prime shopping centers. The company also has exposure to malls in sub-Saharan Africa through Atterbury Africa.
JSE:HYPLong
by Timonrosso
Oh no Mr Market not this shenanigan again! We've started off the year of 2024 the same way we started in November 2022. In a sideways range with a high of 75,000 and a low of 63,000. This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks. What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading personality and risk profile how to go about it. Some ideas are. 1. Lower your risk and reward price expectations. 2. Look into intraday trading the JSE ALSI 40 3. Make use of the trailing stop loss more 4. Risk less per trade when the market is really just volatile 5. Diversify into other markets and bite the bullets So, analysis wise I guess the JSE will want to go back to 75,000. Any trader can see a rectangle and guess the range movement for the year. What are your thoughts? What we really need is a breakthrough and a breakout.
TVC:SA40Long
by Timonrosso
Tigerbrands exausted - Foot off the neck - Coming down to R153After an insane run up and beautiful trade, Tigerbrands has now reached it's peak and has formed an M Formation. We thought the price was going to close below and open below th neckline. Instead there was a largeish exaustion gap. An Exaustion Gap is a gap in the price where no activity took place due to the fact that the current trend (upside) is exausted and now the supply and selling is taking over. So the first target will be down to R153.09
JSE:TBSShort
by Timonrosso
Harmony not looking so harmonious in 2024 M Formation has been forming since November 2023 where the high was R120. There are lower highs forming and it looks like the price is about to crash down. This is unusual as gold stocks tend to be a hedge when the markets crash. But I guess with the Dollar strengthening and with America picking up in 2024, there are some disadvantages for the gold market globally. If the price breaks the neckline, we could see the target at R82.29. Thoughts?
JSE:HARShort
by Timonrosso
1
#TOP40 South Africa 40 finds support@ trendline + Horizontal supNote how the trendline that has formed has had its 3rd successive touch with a reversal candlestick. Each turn off support has created strong upside price action the following day. The level where the top40 found support is even more significant as the 67500 has been a massive change of polarity on many occasions through the second half of 2023. The bulls have their work cut out for them as the failure to hold price above the 200dma was not a positive development. However in the short term, i think we can retest 69300 and maybe 70 000 but ultimately a close and successive days of trading above 70k is needed for bulls to sustain momentum and drive the market higher.
JSE:J200Long
by MarcoOlevano
#USDZAR stuck between 18.95 and 18.20. USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20. Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing break above or below the two levels will be needed to force a move in either direction.
Short
by MarcoOlevano
1
AVENG Cup and Handle and up it goes to R11.28Cup and Handle has formed on Aveng after a long term downtrend. The price has broken above the brim level and so momentum is leering up. Price = 200MA RSI>50 Target R11.28 ABOUT THE COMPANY Aveng Group is a diversified infrastructure and engineering company based in South Africa. Diversified Operations: ' Aveng Group is involved in various sectors, including construction, engineering, mining, manufacturing, and steel. Establishment: The company has a long history, dating back to its establishment in 1944. International Presence: While based in South Africa, Aveng has expanded its operations internationally, with projects and subsidiaries in other African countries and beyond. Construction Expertise: Aveng is known for its expertise in construction and infrastructure development, undertaking projects such as roads, bridges, and buildings.
JSE:AEGLong
by Timonrosso
Motus Triple Bottom wait for the break!Triple Bottom seems to be forming on Motus. The price has broken above the downtrend, showing the bulls are trying to get into control. Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom. Another clear sign of consolidation is the fight between the MAs... Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
JSE:MTHLong
by Timonrosso
2
UPDATE: Naspers target to R1,591 on the way - WARNINGWe'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental moves throwing in 1s and manipulating the market on only technicals. Well, we sent out a short potential analysis as we expected the price to drop. A Strong M Pattern formed. Broke down. Next few days gapped up and almost reached the stop loss. Today the price dropped over 17%. And now it looks like there's further downside to come. But don't take my word for it because Naspers is probably one of the most difficult markets to probability predict. Let's get into the basics of the fundamentals that took place today: WHAT HAPPENED TO NASPERS AND PROSUS? #1: Naspers and Prosus, the global internet and media companies, experienced a significant plunge in their share prices on Friday due to new Chinese tech regulations impacting Tencent. #2: Beijing unveiled measures aimed at curbing spending in online games, affecting major players in the tech sector, including Tencent. #3: The share prices of Naspers and Prosus fell sharply by 17% and 14%. #4: The decline was triggered by concerns over the potential impact of the regulatory changes on Tencent and other companies operating in the sector.
JSE:NPNShort
by Timonrosso
Arcelor Mittal blip up before the crash down to 20 cents?Inv Cup and Handle formed on 28 September 2022. The price broke below the Brim level and since then it's been a one way trip down to 80 cents. Right now it seems to turn and approach a bull trap. This is where the price is likely to run up in the next two or three months with the Santa Claus Rally and the January Effect. It will then reach R2.20 to test the 200MA and the downtrend line. Then we will re-evaluate and see if the downside is still imminent to 20 cents. The analysis still stays. I like to consider this a Short Investor position.
JSE:ACLShort
by Timonrosso
Glencore ready to smash through its 6 month rectangleW Formation and Rectangle formation has formed since May 2023... Now, we are definitely getting signs of upside, more than downside. That's because the resources sector and precious metals sector is showing positive signs. As we welcome 2024, investors will be using their bonuses and will be reinvesting in the new year which will lead to the January Effect. Also, there is optimism in the air with America cooling off inflation rate and interest rate hikes. Other indicators show upside for now including: 7>21 moving average (SHort term) Price>200 (Bull market) Target 1 will be at R131.00
JSE:GLNLong
by Timonrosso
UPDATE: Sasol hit the target at R184.50 _WAIT!Rising Flag formed on Sasol, the price broke below. And it was all downside from there. We saw the price tank way past our target of R184.52 and then some. Now I'm getting a lot of requests to what we should do. Well personally I'm just waiting. We need to be patient to wait for another consolidation and breakout. Just as every other market. Trading needs patience. And a lot of it to spot the HIGH probability trades. That helps get the excitement and emotions removed from the analyses... The stock market doesn't have emotions, neither should we. Calculated risks and rewards. It's all an auction of probabilities.
JSE:SOL
by Timonrosso
Capital Appreciation depreciating to 80centsIf there is one thing to learn with this analysis it's this. Each and every market moves up, down and sideways - Given. But if you scrutinise at the movements and timing you'll see something deeper. That each market has it's own personality, vibe and structure. FOr example, we know with this penny stock the liquidity is low along with the volatility and volume. And since 2021 it's performed similarly. It moves into a Desending triangle, breaks below, consolidates and repeats the process. SO when you see this market, you just know it's Capital Appreciation... Well right now, if history repeats itself, we can expect another Descending triangle along with downside to come. The next target then will be 80 cents. Let's see how it plays out.
JSE:CTAShort
by Timonrosso
UPDATE: Impala Platinum ready to break out of bear channel?Implats has been on a downtrend for years. Recently it's formed a falling Wedge. But it looks like the support level remains to be very strong for the bulls. The price is back to the top of the channel and now we need a strong breakout. The PLatinum market is looking bullish and if it follows through it will send many companies up. But we need that confirmation and stronger signals of upside to come before we take action. Then first target for Implats will be at R120.00
JSE:IMPLong
by Timonrosso