Inverse Head and Shoulders formed on Clicks. The price broke up and then there was a consolidation to the downside forming a somewhat Falling Pennant. During this time the price bounced off the 200 MA and the uptrend. This coonfirms the upside will continue along with other indicators. 7>21>200 RSI>50 Target remains at R340.76
You pay less at Clicks but the price is going up so now is the best time to buy. We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come. We have other indicators confirming including: 7>21>200 RSI>50 Target R340.76 ABOUT THE COMPANY Clicks is a well-known South African retail...
Inverse Head and Shoulders has been forming with Clicks since March 2023 as it was being formed. We've seen the price making higher lows, breakout of its year downtrend, and things are now looking better for the bulls. Other indicators confirm: 7>21>200 RSI>50 Target 1 will be quite extended and it could be a medium term hold but my first price is to R340.76 ...
clicks is reporting its earnings soon and it has been trading in a consolidation for a while
You can start shorting Clicks. I do like the company - corrections are healthy for markets and their participants.
Clicks JSE:CLS seems to be bouncing off the bottom of a 100-day regression channel, supported by the 200 EMA line and a decent double bottom pattern. The leading RSI and Stochastic indicators signalled a trend reversal on 26 February 2021 by turning up through 50 and crossing up through the slow line from a low base, respectively. The MACD (lagging) confirmed...
JSE:CLS Pulled back after results on Thrusday. Made big engulfing bar and rising wedge Gap still open around 22000. If Rising wedge gets broken will probably go for gap close.
Buyer beware - the rising price in Clicks since 23 October (about a month) happened on falling volumes (and at all time highs) - suggesting the upwards momentum might have run its course, at least in the short term.
After breaking the reaccumulation trading range (TR) with signs of strength (SoS) we now see a smaller trading range forming which should lead to some backing up action before the markup in phase E starts. After the breakout and SoS we have had localised buying climax (BC), automatic reaction (AR) and now a secondary test (ST) of the BC completing phase A of the...
Using the Wyckoff Point and Figure methodology to predict potential targets of our previous analysis (see link below) there seems to be large upside potential. Using a 200 box size and 3 box reversal which is equivalent to a weekly chart we have a count of 38 bars. Therefore the potential is for a 38 x 200 x 3 = 22800 point rise. Taking it from the low 15721 we...
JSE:CLS Broke ascending triangle on weekly chart yesterday. If you are long great if you are not wait for pull back. Target is around 29000
Clicks has been in a reaccumulation trading range (TR) and broke out of the range (Jumped the creek) today. Watching for a retest of the range (Backup (BU)) to go long.
JSE:CLS Making flat top triangle and testing top of it. Wait for break to happen.
Between October 2018 and March 2019, JSE:CLR went on a strong bullish run. Since then, the stock has been running flat. More interestingly, though, a big bearish divergence has formed between price and the MACD while also breaking the upward trendline. The Slow Stochastic indicator is also trading well below the 50 level at 34. This is indicating weakness in...
JSE:CLS Another big move after results. Breaking above long consolidation, FT 20000 ST 20500