J200 - TOP40 cup and handleJSE:J200
Cup and handle made on J200 break of neck like will open some 4500 points downside.
Target around 40000/40500
Jse_top40
$JSEVOD hourly chartJSE:VOD
Pulled back and made bearish flag wait for break lower.
Longer term target can be found here:
Nedbank trading at resistanceNedbank has spent most of this year in a bearish downtrend trend. After creating a high of R316.50, Nedbank fell as far as R223.58. It has rebounded off the low, but the stock is finding itself at a key resistance level once again.
The devil, however, is in the detail so let us analyse the chart.
The first thing to note is the declining trendline. Nedbank bounced off this bearish trendline at the end of August and has done so again over the past two weeks. It is very fitting that it is also occurring at the same levels of the 100- and 200-day EMAs. The fact that Nedbank is stuck at such a key level indicates it is a strong area of resistance.
There is also bearish order to the 3 EMAs while the Slow Stochastics recently had Nedbank at overbought.
This stock is setting itself up for a good short trade.
Action: Place a Limit order to SELL at R255 with a Stop Loss set at R272. I will aim to take profit at R240 and R225 respectively.
Margin: 15%
Gearing: 6.67x
Gain: +78.43%
Risk: -44.44%
$JSESOLJSE:SOL
Broke small bearish flag. If 47000 is broken will probably go and see 38000 in next few weeks.
J210 VS J211 VS J212J210 VS JSE:J211 vs JSE:J212
Three chart next to each other
Resi10 making bearish flag with more downside likely
Indi25 should test resistance around 70000
Fini15 looks strongest over last two weeks or so. More upside likely towards resistance at 175000
$JSEWHLJSE:WHL
Interesting development in $JSEWHL. Tested bottom of long term channel. Made two candles with wicks on the bottom and today making engulfing bar.
Time to go long but not for everybody since this is trade against major trend.
ZA10YTVC:ZA10Y
Strong resistance around 9.55
Rising wedge still in place and last two bars looking nicely bearish.
Hopefully we get some drop here.
$JSEANGJSE:ANG
Trying to break from consolidation.
First target should be around 16000
Ultimate target around 19000/19500
JSE TOP 40 week ahead 2018/11/05TOP 40 holding above its breakout of the October balance. Holding above 47350 is short term bullish and could give a shot for higher price discovery. Below 46500 and we could revisit the October lows.
JSE:SOL Levels 2018/11/04Short term I have a neutral-bearish view on SOL. Playing the edges of the current balance. We are near Larger Time Frame support levels though. Any selling below the currently balance will likely find buyers at each level lower.
JSE:NPN Road map for the week ahead.2018/11/05Currently we have a failed breakout in play of the October balance below 2920. We could revisit the 2 High Volume areas of the balance at 2723 and 2573. This Is my primary scenario A. Alternatively, scenario B, NPN stabilizes above 2920 level for a shot higher back to 3000 and above. Levels in RED are intra-day levels to watch.
It's time to bet on platinumFor almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period.
In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart.
Firstly, note how Amplats is reacting to its 50-day EMA. It appears to be finding support at this level, which is a good indication that it could return to bullish momentum.
In addition, looking at the Slow Stochastic, JSE:AMS is somewhat oversold at these levels. For this reason I expect the share to turn to the upside.
Looking at the chart, I can't help but have a bullish view on Amplats and for this reason I will be going long on this stock.
Action: Place a Limit order to BUY at R460 with Stop Loss set at R425. I will aim to take profit at R495 and R520 respectively.
Margin: 13%
Gearing: 7.69x
Gain: +100.33%
Risk: -58.53%
$USDZARFX:USDZAR
Making almost perfect head and shoulders. Break bellow 14.00 or there about will open 12.80 as target
