Evening Traders, Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points. Points to consider, - Trend bullish – Consecutive higher lows - Local support holding - Resistant to break for continuation - RSI in lower regions (Flat) - Stochastics in lower regions (Flat) - Volume...
Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence...
Evening Traders, Today’s Technical Analysis will focus on UBER, with an insane oversold bounce, over 100% gain, currently testing a key resistance that will dictate the overall macro trend. Points to consider, - Oversold bounce still in fruition - Structural resistance in confluence - Stochastics projected up - RSI hitting resistance - Noticeable bull...
All the gold stocks are actively being marked up (See posts below) but Harmony is only now starting. It was able to break the above the yearly pivot point and 200 day SMA today only. Anglo Gold ( ANG ) for example has already broken above the accumulation trading range but Harmony is only now completing the Spring and test of the spring.
Evening Traders, Today’s analysis will focus on Bitcoins immediate price action; it is consolidating under key resistance which is quite bullish, although the macro trend is still bearish. Points to consider, - Macro trend bearish - Consolidation under local resistance - Current support (100 and 21 EMA) - RSI respecting trend - Stochastics projected down...
After the distribution and markdown (discussed in previous posts), we have had a selling climax (SC). This is noted by the high volume and capitulation of the market. Now we are seeing an automatic rally (AR) from the SC lows. This should back up (BU) to the previous distribution trading range. Once this is done we could see a trading range form (fluctuating...
AB Inbev has been trading in a defined downtrend. However, price has reached the oversold line and a volume spike indicates supply. A reaction of the trendline indicates the start of a potential uptrend in the downtrend. The potential is to take us back to the yearly pivot point and oversold line which could take us back to R1200.
Evening Traders!, Today’s update will be on Silver, which has breached an important weekly support, now potential resistance upon a retest. Points to consider, - Trend bearish (lower highs) - Back test of Support likely - RSI in oversold conditions - Stochastics in lower regions - Volume climax evident - VPVR currently flat Silvers overall trend has been...
Evening Traders, Today’s Technical analysis will focus on distinctive levels on ETHUSD, currently holding its local trend line, a break will likely send it to lower support ($100 psychological level). Points to consider, - Trend bearish - Local trend being tested - Confirmed bearish retest - RSI testing support - Stochastics in lower high projection - Clear...
This week the volume on many stocks have increased after significant declines. We identified Sasol potentially having a selling climax (See post below). Going down to the 1h time frame we see a trading range developing with a large operator buying at R30. However, equally, there is supply matching this demand. As a result, we see effort (high volume) without...
The JSE Industrial Index went through a distribution trading range and together with the overall market started to markdown. However, relative to the Top 40 the Industrial Index is showing strength. However, it is probably not time to get too excited as this is likely to only be a pullback and test of the trading range that was broken. In the short term, this...
Evening Traders, Today’s technical analysis will be on GUESS, breaking major structural support and confirming a bearish retest, Points to consider, - Bear Trend (consecutive lower highs) - Structural support breached - Confirmed S/R Flip - RSI oversold - Stochastics in lower regions - Volume climax evident GUESS has been in an established bear trend with...
Evening Traders, Today’s Technical Analysis will focus on COTIBTC, trading in a probable falling wedge looking to retest local lows. Points to consider, - Trend bearish - Lower lows likely - RSI showing signs of divergence - Stochastics neutral - Volume Clearly declining COTI’s trend has put in consecutive lower highs after breaking the all-important 21...
We have been flowing the distribution and markdown of AVI from the beginning of 2019 (See posts below). Although we are in the markdown phase we have now seen a selling climax with price going oversold and breaking the demand line. We have seen a reversal bar and the stock should now have an automatic rally and enter a trading range.
After finding support at the yearly pivot point I thought we had seen the spring and the markup is to follow. However, we have had a stop loss run where large interests were hunting stop losses to generate more liquidity and accumulate more shares. A break back above the 200 Day SMA and yearly pivot point could be the start of the markup. Clicks is stronger than...
Just like the other gold stocks Gold Fields has lost a lot of value in the last couple of days. But just like some of the other gold stocks it has held above the yearly pivot point and 200 Day SMA and formed a spring of the trading range. The volume increases during markups, it is stronger than the Top 40, there is divergence with the Volume RSI and a reversal bar...
DRD Gold has dramatically lost half its value in about a week. However, after testing the bottom of the previous trading range it formed a higher high (HH) and could not stay below the yearly pivot point and 200 Day SMA. A strong reversal bar indicates an impending markup for the stock. Increases have been on volume indicating demand.
After dropping below the trading range, the yearly pivot point and 200 Day SMA, today it has rallied and is showing a reversal bar. This looks like a spring and what is expected now is for the markup in Phase D. Due to the high volume we may have a test of the spring again to use up the last bit of supply but in the weeks to come we are looking for a markup to the...