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#FSR perhaps a little much for now - time for reversal? #JSEFirst Rand made a lovely pin bar reversal off support on Monday and subsequently followed through today. I like this one as a long here with a stop below R60.00 and a target back to the 50% fib of recent high and low which also coincides with its yearly pivot point (=- R67.00). Also note bullish divergence where RSI is making higher lows even though price made lower lows warning of a rally to come. Trade idea: Buy R61-R62 Stop loss, move below R60.00 Target R67 Risking R1/R2 to make R6 for a 6 or 3 to 1 risk reward Note: 200dma at R65.83 could also be used as a target
JSE:FSRLong
by MarcoOlevano
Has the Twilight Zone with the World Markets ended? -DOWN we go!If you've just been a position (swint trader) with shares this year. You'll know it's been bvery difficult and challening. We've seen world markets move in a sideways motion which I like to call the Twilight Zone. FTSE 100 - UK- DAX 30 - Germany CAC 40 - France ASX 200 - Australia It breaks down, it goes back up into the range. It breaks up and it goes back down into the range. The only semblance of hope right now is that the price has broken BELOW the range and has remained below the 200MA Blue LIne. This means, the markets are more likely to be and stay in the downtrend for the next couple of weeks and months. And we might need to look to short (sell) more than we go long and buy. The overall trend is down right now, but for how long? We as traders can only react and anticipate based on what we see in front of our eyes. It's all we can do really with strict money management principles to preserve and protect.
TVC:SA40Short
by Timonrosso
Tigerbrands just pounced and set its target to R214.46Rev Cup and Handle has indeed formed on Tigerbrands. And it looks like the buying and demand is on point. However, this is a very aggressive buy point which does not work with my trading demeanour. It looks like this share price rally was fundamentally driven with the CEO stepping down. Tjaart Kruger will replace Noel Doyle as the CEO starting 1 November, Tiger Brands said in a filing on Friday. 7>21 Price<200 RSI>50 Target R214.46 It's looking good for the company and the price as there was strong support around R138.00. We will just have to wait and watch for how it plays out.
JSE:TBSLong
by Timonrosso
1
UPDATE: Pick N Pay down in the dumps target still to R10.76Since the last update, we established Pick N Pay formed this M Formation which we were anticipating a break down. The break down took place and we were initially hesitant as we expected conservative testing of resistances and demand zones. But the fundamentals caught up to Pick N Pay, and the price continued its slump. The company is struggling with the inflated prices, challenging distribution channels and of course Load Shedding having a major effect on the business and the suppliers too. Unfortunately, we will continue to see downside for the retail giant and I hope it will make a come back in the next few years, as it has served an incredible element to South Africa and the variety of products unlike many places in the world. The target remains at R10.76.
JSE:PIKShort
by Timonrosso
1
Is the JSE ALSI forming a W Formation or is it darts to playIt's like throwing darts and guessing whether it's going up or down for the month... This is an intraday traders haven rather than a swing (position) traders environment... The best we can do is diversify and hedge different longs and shorts at the same time and risk a little... Only technical thing I can say is if the support holds and the price goes up, it could form a W Formation... This will be the only semblance of hope of upside to come. But we'll play it by ear as always.
JSE:J200Long
by Timonrosso
Most difficult trading environment since 2011I've been trading since 2003. And if you're a position (swing trader , medium term) trader, you'll know there comes a time where the markets flow in a difficult range... There are two types of markets when it comes to strategies. Favourable and Unfavourable. Right now, I don't mean to speak for everyone else, but I believe the markets are in an unfavourable territory for medium term traders. Initially, I was blaming the JSE ALSI 40 (South African) index. I blamed the Load Shedding (cutting of electricity) Incompetency of the government providing sufficient water and services I blamed us being downgraded to grey (which has pushed out Foreign direct investments). I blamed the low liquidity and volume and the blame game kept going on... But then I realised something even more problematic. This horrible market environment has not only been for the JSE ALSI 40... It's been for the ASX (Australia), CAC40 (France), DAX (Germany) and even UK 100 (FTSE 100)... And I'm sure there are a lot more stock markets that have had this tight and ongoing range... So, what market environment are we in at the moment. It's not going up so it's not the Mark-up phase It's not going down so it's not the Mark-down phase We can either call it Accumulation or Distribution, but it's been moving in a sideways range for obver a year. So clearly we are in a larger market environment, which is known as the capitulation stage. The volumes are low worldwide, the prices are erratic and volatile. Many traders and investors are holding tight onto their money and not even dabbling into these markets at the moment. How long will this last? Well in 2011, it lasted two years. And right now, we are not seeing any strong signs of change yet... So what do we do? Well I don't have the holy grail nor some incredible points. But I can share what I'm doing during these timultuous times... 1. I've reduced my risk to 0.5% to 1% per trade (Instead of 2%). 2. I'm always hedging with Longs and Shorts 3. I'm trading other markets (Forex, Indices and intraday trades). 4. The drawdown isn't bad so I haven't halted trading 5. I've come to terms that this is the new normal for the next year or too. Expect disppointment and you'll never be disappointed. You learn a thing from Marvel Movies now and then... What are you doing and can you relate to these difficult trading conditions right now? What are your thoughts on the matter?
JSE:J200Long
by Timonrosso
#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the long term in my opinion. Will be happy to review after a few months but for now 3x hold of support shows the bulls mean business. Constituents below: ibb.co
JSE:STXRESLong
by MarcoOlevano
JSE ALSI fools us again - New target up to 74,748?Once again the imfamous Mr Market JSE has fooled us again... After the 1 year twilight zone of going no where, the price broke below and entered into a BEAR MARKET... However, it lasted literally 7 days before jumping right back into the range... It's not only broken above the downtrend line, the price is testing the support, which could form potentially a right shoulder... If this plays out, it will break above the neckline and will continue up to 74,748. I am heavily invested in longs and shorts. And the balance of finding what works in the market is a challenge but at least, we are not losing a lot of funds.... It's crucial to preserve and protect what you have during uncertainty and not to focus on making money but looking after what you have by means of diversification and hedging... This can last as long as it needs to. I'm bullish on the JSE right now.
JSE:J200Long
by Timonrosso
UPDATE Renergen hit target at 9.33Since the analysis, we saw Renergen formed a Descending Triangle / Triple Top formation. The price broke below the neckline at R18.30. And in just two short months, it's been carnage for the market. It's pierced the 9.33 target, and now we need to wait for a consolidation range before we predict where it is more likely to go. I'm not buying this company yet, until we see the price break above the uptrend, above the 200MA and until we see some promising reasons for the upside to come. Cheap markets are most times expensive in the long run.
JSE:RENShort
by Timonrosso
1
Jubilee Metals Carnage continues to 75 cents - UpdatedSorry the previous chart was too far zoomed out... Since we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
Jubilee Metals Carnage continues to 75 centsSince we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
#GRT Growthpoint finding a ST Bottom ahead of Dividend #JSEStock goes ex dividend of 65c on the 18th of October. At current prices that is a dividend yield of approx 6.5%! Given the doji candlestick, reversal after 2 days of elevated volume, i have every reason to feel like a short term bottom is in here which could see the stock rise into the dividend date next week Wednesday. my two targets are the 23.6% and 38.2% fib retracement levels at R10.66 and R11.16. I rate this as a buy at current levels of R10.00-R10.30 with a stop below R9.86. (also forgot to mention the divergence forming on the RSI daily)
JSE:GRT
by MarcoOlevano
Bla Bla Bla Excuses to NOT trade Bla Bla BlaWhat is your biggest trading excuse? 1. Not enough money - Then paper trade! 2. Not enough time - 15 Minutes is enough 3. Not enough education - Learn it's FREE 4. Not the right time - It IS the right time 5. Not the best market environment - Let's get into them... #1: I don’t have enough money to trade Open an account and start demo-trading then! TradingView gives you everything you need. Start back testing and kick off your trading on the right note. #2: I don’t have any time to trade Seriously? Do you have time to watch Netflix? Do you have time to walk your dog for 15 minutes? Do you have time to read a book? If so… You have time to analyse for 5 minutes, 2 minutes to place a trade signals and then leave it up for the market. 15 minutes a day or at worse, 15 minutes a week – that’s all you need. #3: I don’t know how to trade What do you think TradingView tutorials are here for? #4: I’m waiting for the right time This is the biggest excuse for people to take action in life. Not just with trading. With a new hobby, with opening a business, with learning to cook… You’re not waiting for the right time, because the only time is NOW. You’re just afraid of failing and too scared to start. Prove me wrong… #5: The world and the markets are in a bad state Hello! With trading, we don’t care whether the markets move up or down. If it goes up we profit. If it goes down we profit… That’s the whole point of trading. Or else I would just do the passive income (which I don’t believe exists) approach and just buy and hold forever in hope. #6: I don’t know what to trade Why choose? A chart is a chart. Any market with a ton of volume, is going to move in one of three ways. Up, down or sideways. Stocks, indices, forex, commodities or crypto currencies. They all move the same, they all act the same. So, diversify your trading and trade all high volume traded markets. #7: Trading is complicated Everything seems complicated in the beginning. But as you repeat the process on a daily basis, it gets easier… This isn’t programming, you don’t need to know maths or science. All you need to know is where to type in your prices. Market Buy Or Sell Volume (CFDs) Entry (Where to get in) Stop loss (Where to place your risk level) Take profit (Where to place your reward level) Trade (Enter) The rest, we show you via videos or in the Premium membership step by step processes EACH TIME. Say less, do more… If this motivation helped give the kick you need, let me know by replying back. What is your excuse?
JSE:J200Education
by Timonrosso
UPDATE: ArcelorMittal slow death continues to 20cArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00. SInce the financial crisis it's just been down and down for the steel and minin company. It was one of the biggest in the world. and today is showing a slow death. The technicals still confirm downside to come with the Inverse Cup and Handle. The taregt remains at 20 cents. Traders can't do much as there is hardly any short scrip to profit along the way. SO I guess all we can do is watch...
JSE:ACLShort
by Timonrosso
AECI Setting up for a bomb to R91.73Potential Inverse C&H is forming on AECI. The price action and momentum looks downwards and it looks like we are going to see some chop before the downside. Once the handle forms and shows that price doesn't want to break above the handle, we will see panic selling sending the price to the 200 MA. 7 to cross 21 Price to go to 200MA Target R91.73 ABOUT THE COMPANY: AECI (African Explosives and Chemical Industries) is a diversified South African company with a long history and a wide range of operations. Founding Year: AECI was founded in 1896 and has a history dating back more than a century. Diverse Operations: AECI is a diversified company with operations in various sectors, including mining, water, agriculture, chemicals, and more. Chemical Manufacturing: AECI is a significant player in the chemical manufacturing industry, producing a wide range of products, including explosives, specialty chemicals, and agricultural chemicals. Mining Solutions: The company provides a range of products and services to the mining industry, including explosives, initiation systems, and technical support for safe and efficient blasting. Water and Process: AECI's Water & Process business specializes in water treatment and process chemicals, serving industries such as pulp and paper, food and beverage, and industrial water treatment. Agricultural Solutions: The Agriculture business of AECI focuses on providing solutions for crop protection, plant nutrition, and soil health to support agricultural productivity.
JSE:AFEShort
by Timonrosso