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Jse_top40

Jse_top40

Sasol tanking to R212 Inv C&H formed a while ago. We went short when the Rectangle Pattern broke down and banked a profit. But now that the price is staying in the downchannel, tells us there is more downside to come. EXTRAS: Price < 200MA Bear channel Target 2 - R212.25

Short

Dischem not feeling well - chart wise INV C&H or Descending triangle RSI <50 Wait for the brim level break Bearish bias CONCERNS: The liquidity is low and high volatility which can cause the market to gap 10% on any given day. These are risky assets to trade.

Short

Combined Motors showing upside but BAD liquidity Terrible liquidity of a stock. The bias is bullish with higher lows and a Cup and Handle in the process... We still need to price to break above the brim level, before we confirm the upside. RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this. I remain optimistic and bullish with this...

Long

Redefine prediction analysis bullish Potential Inv H&S Price touching 200MA RSI>50 and downtrend Target R4.83 Bullish and awaiting a potential buy signal...

Long

Mr Price shaping up nicely for a long MR Price is potentially forming a W Formation. THe RSI is making higher lows and has broken the downtrend - Bullish momentum. The target could be R240... CONCERNS: The downtrend is still evident with a downtrend line dominating and negative Moving Averages. If the price turns up things will look brighter.

MONDI Strong W Formation MARKET: Mondi ( MNP ) TYPE: Long (buy) ENTRY: R288.42 STOP LOSS: R264.28 TAKE PROFIT: R324.76 REASON: W Formation Breakout of medium downtrend Moving average 7>21 - Bullish Medium probability trade

Long

City Lodge crashing down to R2,29 Rising Wedge broken down Inv C&H broken down From the previous major fall, it seems like buyers and volume of demand is just not weighing up. I can see this stock crashing down to the next target R2.29 What do you think?

Short

Jubilee to run up in the near future Bullish Falling wedge Right now Jubilee is still in a range (Falling Wedge) The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing. I want to say if the price breaks up we could see a target of R4.23 CONCERN If the price breaks down, we could also see a target of R1.18 The analysis is neutral right now, but I'm leaning more to the long (bullish) side.

Long

PAN AFRICA Neutral analysis but hoping up Symmetrical Triangle Equal chance of a breakout. Break up - Target R6.04 Break down - target - R1.00 NEUTRAL ANALYSIS I do have hope for Pan Africa as it's one of the rare companies that deal with innovative technology for gold extraction. Also with inflation kicking in, this will pick up the price of gold which could help gold companies who are exporters. I want to guess the break will be up, but we can only know when it happens.

Glencore buying the hedge CHALLENGE TRADE IDEA: MARKET: Glencore (GLN) TAKE PROFIT: R120.00 REASON: Bullish Diamond formation with rising lows on RSI. What are your thoughts?

Long

AFRIMAT falling on the floor Afrimat has formed another unusual and rare breakout pattern - Reverse Inv Cup and Handle. This is where the handle is on the left and the cup is on the right... The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come. Looks like R22.00 is on the cards for the stock.

Short

Naspers retested and now coming down CHALLENGE TRADE IDEA: MARKET: Naspers (NPN) TAKE PROFIT: R1516.90 REASON: Bearish Symmetrical Triangle and lower highs on RSI What are your thoughts?

Short

MC Mining heading back down MC Mining tested the highs > R7.40 and selling pressure and supply kicked in strongly. It looks like the price is heading back to R1.25. Sorry for the investors who are long, I'm just basing it on Technical analysis... And I hope I'm wrong.

Short

ABSA Broken below Symmetrical Triangle Bearish CHALLENGE TRADE IDEA: TAKE PROFIT: R161.91 REASON: Bearish Symmetrical Triangle, Price has tested the resistance and has failed. With inflation coming out today, my cards are on higher inflation which will lead to higher interest rates and a fall in banks and other markets. What are your thoughts?

Short

Glencore Diamond Diamond formation Higher probability for upside Target R120.00 Concerns: If price breaks below the Diamond, it will crash hard to R76. But right now the signs are pointing up.

Long

MTN also showing a crash Inv C&H formed over the last couple of months. Broke below brim - R135.00 Target 1 R70.10

Short

Vodacom on the way to under R100 Vodacom is confirming more downside to come. Large H and Shoulders on daily. Target 1 below R100.00.

Short

Ellies Bearish Ellies is not looking good. It's been a strong downtrend since 6 Dec 2021 from 46c down to its current 16 cents... There are two ways this can play. Either, they sort out their issues and buyers start piling in which will break above 18 cents to go to a target of 26 cents. Or the sellers continue which plummets the share down to 8cents. The truth is the charts are showing downside. Descending Triangle, Moving averages all down, Price broken below the Support line. So I'm going to have to say Bearish, sorry. Thank you for the suggestion. Any other markets you'd like analysed?

Short

Hulamin looking strong BULLISH Ascending Triangle formed on 4 hour We are just waiting for a break above R2.98 Price >200MA Target 1 - R3.80 Concern is that the previous trend is down and the uptrend could very well fizzle but the bias is still bullish.

Long

Updated

Dead Cat Bounce on JSE ALSI 40 I'm not enjoying the bear market, but we can't deny the charts and what we see. It's most likely just a Dead Cat Bounce before we get further downside... We can do nothing but sit on our thumbs...

Short

EUR/ZAR continuing weakening in the channel EUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period. What else should I analyse for you?

USDZAR Looking horrible STILL Thank you for the request USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00 Let me know what else you would like analysed and follow my Trading View for more analyses just like these

Long

HULAMIN Looking good for upside October 2022 BULLISH Ascending Triangle formed on 4 hour We are just waiting for a break above R2.98 Price >200MA Target 1 - R3.80 Concern is that the previous trend is down and the uptrend could very well fizzle but the bias is still bullish.

Long

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