As for the other banking stocks, Standard Bank is looking to markup. The strength has been clear since December - see post link below. The pullbacks have been shallow and volume increases on up moves have shown buying interest. Now it is time to finalise the expected move back to R160.
Following the strength in Nedbank and, financial stocks since November 2020 we are now seeing the markup phase starting. Nedbank has show strength as the trading range has resolved. The markup should take us back to the previous breakout levels.
The signs of strength (SoS) shown in December - see posts below - has taken some time but is now playing out. We are now looking for the markup back to previous support that should be resistance. The backup attempt after the breakout was shallow and shows strength. This week should see some action in financial stocks.
The Financial Index of the JSE has shown some strength and this week it is time for the mark up back to the Support that is now likely to be resistance and test the area between 1400 and 1600.
After a long downtrend, we have seen an accumulation trading range starting in April 2020. After a change in character after a last point of support (LPS) in October, we have seen some volume and a markup start. Now after a backup that was unable to make much progress. We have now seen a significant bar with some volume and the expectation is for the markup to continue.
After the signs of strength at the end of last year - See post below - Distell is now actively being marked up with high volume.
$HESG One of the last great trips being accumulated ahead of possible breakout. PT .0050-.01
$HESG One of the last undervalued trips getting highly accumulated following a possible breakout in a few weeks pending sooner if there is news or a group that comes in. PT .01-.03
Hello guys, today’s day trading analysis will be on NZD/CHF. There is a very nicely looking volume-based setup called the “ Volume Accumulation Setup “ First, there was a rotation in which heavy volumes got accumulated (traded). You can see the volumes on the Flexible Volume Profile indicator below. Then, after the big guys (trading institutions) placed their...
Equites Property Fund has been weak. After breaking the trading range and backing up to the breakdown it is now likely to be time for the markdown.
Large Volume intake and a value rise from prior trades from earlier in the year
We are currently in this consolidation due to the USD gaining strength at the end of the week. It is probably not wise to be intraday trading this market on a Monday, lets wait to see where the price is heading. POI - Strong buy-side interest at 1.21394 POI - Strong Sell-side interest at 1.21964 Currency Strength Comparison Strong - EUR Weak - USD
Old Mutual had high volume days last year that alerted us to some pending action - see posts below. Yesterday there was again some volume indicating the buyers are back from holiday and ready to continue the markup with some space to move.
Following the signs of strength (SOS) observed in December 2020 - see post below - we have now seen a significant bar breaking out from the back up (BU) to the previous trading range. The markup is now set to get going.
Just before the holiday break, we could see some interest in Truworths - See post link below. Now early in the year, we can see this buying pressure starting the markup with signs of strength - relative large up bar with high volume for this time of year. Will be looking for a push back to R60 - R80.
I put together this very detailed forecast based off chart pattern picked up on. I numbered my steps in detailing the chart to create a legitimate visualization for all to understand. 1. We see continuous rejection at 127.000 with an eventual high volume pivot. 2. We see continuous support at 126.000 keeping the trend within the straight channel between support...
10.63 ENTRY PRICE 9.57 10% STOP LOSS 11.16 5% TARGET 11.69 10% TARGET RSI above + 50 & 70 levels with a steep incline. Volume is at 100% +++. 200 sma on an incline showing uptrend. Price stayed above 50 sma with a brief bearish pullback. Current Price is a strong large body bullish reversal candle.
See price rejecting from MY previous session high entered based off of my M1 setup criteria lets see how it plays out !! :) quick 1 to 3 risking 1 percent happy trading guys Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx