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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
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
JSE ALSI 40 chosen a direction? - DOWN! Bearish Symmetrical Triangle has been in the making since 17 November 2022... However, the last few months, the JSE has just not been able to break above it's most recent declination resistance. Instead, it's for the first time, broken below the formation - showing the bears are really starting to win. How long will it last we don't know. But it looks like the JSE ALSI 40 has chosen a direction and it's down. Other indicators confirm. 200>21>7 - Bearish RSI<50 - Bounce on resistance Target 59,428
TVC:SA40Short
by Timonrosso
How does OUTsurance have Data from 2013?“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.” A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI). They then changed the name to OUTsurance Group Holdings Limited (OUT). And they have been in the process of transitioning and rebranding from RMI to OUT following the unbundling of its investments in Discovery1. And now, the Centurion-based insurer has officially swapped places with its parent company, Rand Merchant Investment Holdings (RMI), which is no longer listed on the exchange.
JSE:OUTEducation
by Timonrosso
1
JSE ALSI follows Friday's action and makes a breakout and fakeouJSE ALSI 40 - Update We've seen the ALSI 40 form a restriction range between 70,122 and 67601. It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night. As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any decisions. It's these times where it's good to be hedged with longs and shorts during this timulteous time. I'll let you know...
TVC:SA40
by Timonrosso
UPDATE: Sibanye Medium term short trade still going to R16.89Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while short and it's a great hedge in the gold market. The target reamins at R16.89.
JSE:SSWShort
by Timonrosso
Kumba remains in its downtrend range - Which way to break?Kumba Iron Ore has been moving in this consolidation flag range since January 2023... The price has indeed been making lower highs and lower lows. But which way is it going to break, I believe depends on the Resources index. As things look with the JSE ALSI, the downtrend is strong and more evident (despite this blip up). But regardless we have different levels to watch. For example, if the price breaks above R483.00, it'll give a great signal to go long and hold until it reaches a target of R600.00 If the price breaks down then the likelihood of a target with be R280... This is a classic example of a Neutral trade with a strong trading plan of action. Now we wait.
JSE:KIO
by Timonrosso
Famous Brands poised for upside - C&HCup and Handle has formed on Famous Brands since the breakout of the downside. We see the liquidity is thin as the volatility(jumpy) motion is high... This is why I would make a large gap between E and Sl... Other signs confirm upside including: Price>200 RSI>50 Target R77.62 however. I do want to see more of a definitive break above the Brim level before all systems go. ABOUT THE COMPANY: Formation: Famous Brands was founded in 1969 in South Africa. It started as a single restaurant called Steers, known for its flame-grilled burgers. Name Origin: The name "Famous Brands" reflects the company's growth strategy and ambition to become a renowned and recognized player in the restaurant and fast-food industry. Steers: Steers is one of the flagship brands under Famous Brands. It was founded by George Halamandres and opened its first store in 1960 in Joubert Park, Johannesburg. Famous Brands acquired Steers in 1984. Wimpy: Wimpy is another well-known brand under Famous Brands. It was originally founded in Chicago in the United States but became popular in South Africa. Famous Brands acquired Wimpy South Africa in 1987. Mugg & Bean: Mugg & Bean is a coffee shop and restaurant chain under Famous Brands. It was established in 1996 and offers a variety of coffee, baked goods, and meals in a relaxed setting. Expansion: Famous Brands has expanded its brand portfolio through acquisitions over the years, including the purchase of brands like Milky Lane, Debonairs Pizza, Fishaways, and House of Coffees. Global Presence: Famous Brands has a presence in several African countries and has also expanded into international markets, including the United Kingdom and the Middle East. Franchise Model: Many of Famous Brands' brands operate on a franchise model, allowing local entrepreneurs to own and operate their own restaurants under the company's established brand names.
JSE:FBRLong
by Timonrosso
UPDATE: JSE ALSI 40 - A break in price is imminentHere is the update with the ALSI 40... It seems to be in a tighter range with the resistance (short term downside) and the support from the Symmetrical Triangle since Dec 2022. We will be watching these levels carefully and will look to hedge positions as we are heavily short at the moment. At first glance, it shows that the price action is indeed more bearish right now with the resistance line in tact. And as there has been a bounce already, we might see a bit of consolidation before the next big move. We'll be watching the Americas as well, to help give some type of leading direction... Happy Monday and trade well.
TVC:SA40
by Timonrosso
South African rand in trouble - Next target R21 :(Inv H&S has formed on the USD/ZAR since 6 June 2023. The price has recently broken above the neckine, showing the US dollar is poised for upside. The DIXIE (US Dollar Index) is also showing upside to come. 7>21>200 and confirms the US dollar is going up. RSI>50 - Bullish First target is R21.00 ABOUT THE DIXIE: HOW IT’S CALCULATED The USDX is calculated by the Federal Reserve Bank of New York and is based on the exchange rates of six major currencies: the euro (EUR) – Accounts for 57.6% - ,Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona ( SEK ), and Swiss franc (CHF) .
Long
by Timonrosso
Wild guess for upside for City Lodge to R7.00I've just gotten off a plane, so excuse if I am missing something. But these jet lagged eyes potentially sees a massive Cup and Handle in the process. Ignore the indicators like 7=21 price <200 and RSI<50. And just see the price action. We have higher lows forming, strong buying at the bottom of the range (could that be smart money and the big boys.) We have seen an absolute rally in hotels and accomodation since Covid. Prices are pumping up and yet hotels are still being booked out like no tomorrow. So, we could actually see a major rally of upside in the sector. My first crazy target is to R7.00. What do you think?
JSE:CLHLong
by Timonrosso