Following -38% decline (Nov '21-Jun '22), JSE:SYG4IR is starting to show signs of life. It's trading near an area of value, and it has crossed a key MA. Have a test position.
NASDAQ:IXIC is at an area of interest, near a potential resistance level but also trading above a key MA. Friday close will be interesting, a solid close above this MA might bring a bull run. Failure to push up will bring us back to the boring "correction" environment. I'm rooting for the upside.
NASDAQ:ENPH has had a great run, breaking above the resistance level with a decent volume. Most US solar stocks have done well this week. It's probably a good thing for NASDAQ:ENPH
Following the breakout & retest of the trend line, JSE:TGA has broke above the resistance level and printed a new all time high. I have a position.
JSE:BVT is at an area of value, the last time it reached a resistance area it managed to break above it. Hoping for a breakout.
JSE:TSG is flirting with the resistance level. A breakout will be appreciated.
JSE:ARL has reached a 52 week high, with a decent amount of volume. Markets are up down but this is a bullish setup. Every setup must be accompanied by a stop loss.
JSE:SNV recorded a new all time high, with above average volume. A promising bullish setup.
JSE:BTI setting for a long opportunity, note resistance on a higher time frame. NYSE:BTI has been playing around this level for a while now, close above R714 trigger a long position. However, a clear bullish setup is above R730, where it'll have cleared the R720-ish resistance level that's on the weekly time frame. R714 is like a low cheat entry, in...
JSE:NPH is at an area of value; the stock may either find support here or break lower. NYMEX:PL1! is weak, the chance of breaking lower is higher than that of a bounce. No position on platinum names at the moment.
JSE:DTC reached a 52-week high today, it also broke above a resistance level. If you zoom into the monthly time frame you'll see that it's near a potential resistance as well, old resistance level. I'm bullish on JSE:DTC on D/W time frames, the resistance level could be an issue but it's an old level.
JSE:SSK is staging a breakout, note low volume. Depending on your broker, it may be a slightly illiquid stock and have a massive spread. Potential resistance level in near R1.60, from 80 cents, that's a potential to double your investments. Think risk first.
NASDAQ:VRTX is on a verge of a breakout. AMEX:XPH is also staging a recovery, but still trading below key levels. For now, the focus in on a NASDAQ:VRTX look position.
JSE:SHP share price is under pressure, and it has broken below a support level. JSE:SHP has been trading below key MAs for a while now, it's no surprise that the down ward move is gaining traction. It's not wise to keep on buying the stock at the moment, let it fall without you, unless you'e short. JSE:PPH is another weak retail stock.
NYSE:UTZ That's a truck load of bases; I like to buy my stocks on the 1st up to the 3rd base, anything above the 3rd base I consider it as more risky. But I can't ignore the fact that the 50EMA is holding the price very well. A buy at current levels with a stop at $24 can still offer a reasonable risk:reward.