Jse_top40
Can $WHL make it to the top of the channelNice break by $WHL in the upward channel, but will it reach the top in this choppy market?
$JSE-LHCJSE:LHC
Posted trading statement this morning. Watch for break above neckline.
From trading statement:
The Group delivered good results for the 2019 financial year in challenging operating conditions
with strong revenue growth of between 7.9% and 10.3% (2018: R23 488 million).
$JSE-PIKJSE:PIK
Posted results this morning. Chart is consolidating in symmetrical triangle.
PICK N PAY STORES LTD
REVENUE R44.2 BLN VS R42.2 BLN FOR 26 WEEKS TO AUG 26
COMPARABLE TURNOVER WAS R43.1 BLN VS R40.7 BLN FOR 26 WEEKS TO AUG 26 2018
REPORTED DILUTED HEPS 90.61 CENTS FOR 26 WEEKS TO SEPT
INTERIM DIVIDEND UP 9.5% TO 42.80 CENTS PER SHARE JSE:PIK
$JSE-BIDJSE:BID
Tested break on three occasions including today as well.
On Friday we had false break into the range.
Looks like good place to be long.
First target around 34500 previous high.
Target for break on daily is around 36000.
$JSE-TKGJSE:TKG
Made big engulfing bar yesterday and made double bottom.
Could be nice setup as well for few days for traders that like trading against major trend.
$JSE-APNJSE:APN
Broke higher from small consolidation area. More upside is likely.
Targets 10100,10700 and 11200 top of the big range.
$JSE-AGLJSE:AGL
Looks like double top didn't have chance to reach target.
$JSEAGL moved higher made bullish flag and looks strong.
Target to watch are 38000 gap close, 39500 previous minor high and 40500-41000 area.
$JSE-SPPJSE:SPP
Chart to watch next week is $JSESPP
Inverted head and shoulders.
Break above 19700 (or there about) would open potential target around 23500 give or take.
JSE:IMP Major divergence for short term reversalWith the recent bull run slowing down, the RSI has been diverging away from price indicating short term reversal.
A break below might target 50% fib.
RSI is already below 50
J200 - TOP40 JSE:J200
On Wednesday J200 closed below big rectangular consolidation and yesterday confirmed with another close.
Looks like more down side coming.
$JSE-CPIJSE:CPI
Not bothered with sell off that goes on JSE and rest of the world.
Stuck in box for last 2 weeks or so.
Watch for break one way or the other.
$JSE-ANGJSE:ANG
Tested last break higher and making massive engulfing bar
Long here with SL bellow today's low of the day
Naspers Key Resistance LevelThe Resistance level of 255942 has lined up with 2 previous resistance levels as before shown by the red arrows drawn.
I think a break above this level would signal we headed for new highs, if we reach this level and fail to break above i think we might see a retest at the bottom of the upward moving channel.
$JSE-REM weekly chartJSE:REM
Looks very bearish. Big flat bottom triangle made.
Target some 50% lower.
