Santam showing strong upside to R345 but with a warningSantam large Cup and Handle formed, broke above the brim and now is going to test the support.
This will provide a conservative entry if we get a bounce back up.
7>21>200 - Bullish
RSI>50
Target R345.37
The warning is that it's been moving in sideways range for over a year, and it often peaks then drops and continues.
As the JSE ALSI is in a bear market at the moment (on smaller time frames) might delay the upside.
But the system says go long.
ABOUT
Santam is a South African short-term insurance company founded in 1918, making it one of the oldest insurance companies in the country.
Santam is headquartered in Cape Town, South Africa, and operates throughout the country, as well as in Namibia, Botswana, and Zimbabwe.
Santam provides a wide range of insurance products, including car, home, business, and personal insurance.
Santam is a subsidiary of Sanlam Limited, a leading financial services company in South Africa.
Santam is the largest short-term insurer in South Africa, with a market share of around 22%.
Stockmarketanalysis
SasanSeifi💁♂️ AAPL / 1D HI Everyone ✌ By examining AAPL in the daily time frame As you can see, the trend is in the range of the midline of the descending channel. The scenario we can expect is that the price will continue to be corrected up to the range of 134/136. And then we will see a positive fluctuation. We have to see how the price will react to the mentioned ranges. If the price penetrates below the range of 136 and stabilizes, the possibility of further correction up to 122/128 can be considered.
❎ (DYOR)...⚠️⚜️
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment🙌😉
Key Levels and Market overview for the Asian session open 1/03A review of the price action from the European session and US session as end the month in the red. The USD found some buyers as expected which pressured major currencies although Gold moved up and managed to fend off the USD strength...for now. I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Target price for DABUR India Limitd | Daily | Long analysisHello, today we will be looking at NSE:DABUR
1. This stock has been mostly trending upwards in the long-term.
2. You can see the support level by looking at the daily candles , which the stock has touched every time and bounced back up.
3. However, this time the support level may be broken temporarily, with the stock going down before rising again.
4. Keep in mind the risks involved and trade carefully.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market"
SPX ZOOMED OUT - Pay Close Attention!Here we are looking at SPX on the Daily TF...
This chart shows that the S&P 500 would have to fall about 23% just to get back to the long-term trend support. Based on calculations, this is likely a target for the second half of 2023... In addition, smart money knows that if something remains above trend for a long period of time, it will likely move below trend for a period to balance itself. This means 2024 could also be a down year for the S&P 500...
This is just an idea, but one I feel as if is very plausible, and one we must all consider...
Let me know in the comments what you think, and if you see things the same way or differently!
Cheers!
SPX500 - At a Critical JunctureSPX500 is surely at a critical juncture. Now its being held by its temporary uptrend support, where a small hammer like candle formed last trading day.
Rising inflation, bond yield & subsequently expected interest rate hike by Fed are current challenges for the current market.
Remgro heading straight to R165.55 thanks to this triangleAscending Triangle is forming nicely on Remgro.
We see the 7 and 21 MA above 200.
But more importantly, Price >200 - Bullish
RSI>50 - Bullish
Target R165.55
ABOUT THE COMPANY
Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman.
The company was established as an investment holding company with a focus on building a diversified portfolio of long-term investments.
Today, Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company's portfolio includes holdings in some of South Africa's largest and most well-known companies, such as MediClinic, FirstRand, and RMB Holdings.
The company's name is an abbreviation of "REsource Management GRoup."
Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications.
The company has a market capitalization of over R100 billion as of February 2023.
FSLR Ready to Break Support?Here we are looking at FSLR on the Daily TF…
As you can see, FSLR has been trading within an ascending parallel channel, with clear upwards sloping support and resistance. It has been trading within this rising channel since October of 2022, but I am expecting a breakdown from this structure in the coming days.
Ascending channels (as such) are bearish in their nature, thus, I expect for this channel to break to the downside soon. Additionally, the more something tests a zone (support OR resistance), the more likely it becomes for it to eventually break that zone.
As you can see, FSLR has tested support 4 times now, and is currently attempting to break down again. If it can’t hold this support, I find it likely that a move to the horizontal line will occur.
I will continue to monitor this chart, and update you if there are any significant developments.
What do you think will happen for FSLR? Let me know in the comments!
Cheers!
The Q's Look To Re-Test Previous Macro Resistance (as support) Here we are looking at the Q’s on the Daily TF…
As you can see, we will be analyzing QQQ’s breakout from its macro downwards sloping resistance which dates back to January of 2022. After a full year of being rejected from this downwards sloping resistance, QQQ broke out in January of 2023.
What should we expect now?
As marked by the horizontal (yellow) line, the Q’s are currently at a strong local resistance. While price can continue to interact with this zone over the next couple of days, I expect it to continue on down and re-test the previous resistance as potential new found support. If it can, get a bounce from previous resistance (as support) and make a new high, the break out will be validated.
I will continue to monitor this chart, and will update this chart as it develops!
Let me know in the comments if you have any questions or thoughts as they pertain to this idea!
Cheers!
Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian market open after PPI out in the US was stronger than expected adding fuel to the inflation fire. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes. Intraday the US could not hold up off the lows and was hit hard into the close with potential to continue lower. I look at some key levels to watch and the price action setups I expect to play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian market open after some stronger than expected US retail Sales triggered a choppy session. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes...although traders are focused on a resilient economy fending off a recession.. I look at some key levels to watch and the price action setups I expect to play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Near term bullish setup in an overall topping process In this video I talk about my strategy going into the CPI report tomorrow. I highly doubt it would be a market mover, but if it does I'm going to be looking to see how it comes in tomorrow morning.
Disclaimer: The content of all videos produced by this channel are for educational purposes only. All ideas, opinions and/or forecasts are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the stock market. Any investments made in light of these ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, videos are for educational purposes only and not a recommendation to buy or sell any stock, ETF or futures contract at any time. This channel and its publishers are not liable for any investment decisions made by its viewers or subscribers, all videos are for educational purposes only. The author of this video does express certain opinions in the contents of this video, but will not assume any responsibility for the actions of any viewer who acts on this educational information. The author of this video may or may not hold positions in the financial instruments discussed in this video.Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
LUV - ShortLUV- short
technical only:
As you can see in the chart, the stock met with resistance
line of the lower highs.
Today we received a breakdown of short-term shuffling, which gave me the confidence to enter a short trade.
My first target would be $33.85
Second target: $33.05
Below 36.09 the transaction will be more dangerous for me and I will exit with a stop.
This is not a recommendation!
Anyone who uses this post is at their own risk
ES expansion timeES traded inside the Daily BISI and left it now to the upside. There is Buyside above the 3 highs on h4 chart and the VIB is above at 4221. The current week did not much of expansion so it should start moving soon. It traded below the Weekly open gap and it was "resistance". With Fed speech It traded both sides and it is now above. I expect it to get support there and I want to hunt for longs to the 4221 VIB.
Es bias for next weekI am still bullish on the s&p and expect higher prices. We did some nice movement higher last week and a retracement is likely. This fits together with the Pow3 concept for a bullish week. On Monday I expect a drop to 4114, I think it has high probability to gap lower too. From 4114 I want to hunt for long entries and target 4221,25. From there I will see if it still wants to expand higher.
AAPL on bull courseAAPL will very likely touches $160 - $164 area in the near term based on EW projection and fib extension. If this holds true, then the price will make a retracement (wave 4) to propel even higher later in the future. However, an immediate drop below $147 would suggest that it is the start of a new wave trend.
Disclaimer
This is NOT buy/sell call but for learning purposes.
TESLA: Buy the dip Strategy in short-medium termHi everyone!
At the moment the Tesla's main trend is bearish, but at the same time, if we look at intraday charts, such as 1h time frame, we see a clear bearish structure (12345) under development. After its completion we expect an important technical rebound which should push the price into the $140 area. From next week we will go looking for wave 5 level and start taking long positions.
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Beware of the Market at these levels (SPY SPX) I haven't posted in a while because since I entered a position in my SPX index fund, there hasn't been much to say. Until now.
I'm posting this chart to show my updated levels & chart analysis. I'm NOT adding to this position until we retest the (diagonal) white line,
indicating the current trend that we are in. At which point, we will either hold the trend for a breakout & retest of the high, or
fail to the previous support level (horizontal white line at $3511.80).
My green & yellow lines drawn indicate the projected path that price will most likely take, as we retest this heavy selling area that we are
now hitting.
I'm short term (next 3-5 months) bearish/short. Long term (next 1-3 years) bullish/long, after another significant drop in price. Since this is my Indexed retirement play, I don't plan to take any profits, only add to the position on price drops. May daytrade short positions into the resistance for the next few months.
ES going to dump next week for big move upHi Everyone,
ES will print and complete ABC structure next week for big move up
Bulls will be caught here now; as they are looking for long right now for break of trendline for move up
and Bears will be caught next week; as they will be looking to break october low; but which will not come; as this will be ABC move for one more up on daily time frame.