AMS - Momentum Strategy LongAll of the criteria have been met for a long on JSE:AMS on our Momentum Strategy.
The EMA's have crossed, The Stochastic has crossed up along with the MACD.
ZAR
Anglo American ShortJSE:AMS has broken out of a descending triangle pattern as well as breaching through a downward fractal.
I have entered a short position with a target around the 55500 level.
EURZAR: Short term bullish signal. Long term pending.The pair is on a 1D Ascending Triangle (RSI = 54.426, STOCH = 51.729, Highs/Lows = 0.0000) which on the short term is giving buy signal towards 16.800. Also, a stronger longer term buy signal is coming close to being materialized when the Golden Cross takes place (MA50 over MA200). The last 2 times that happened, the pair rallied more than +15%.
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USDZAR Potential Bullish ReversalTrade Background:
Not much to say here due to the nature of the trade being a short one and relying solely on technical analysis.
Trade Idea:
Positioning: Buy
Time frame: 1H
Length of Trade: 1 day to 2 days
Entry: Between 14.5000 to 14.5400
Stop: 14.5000
Exit: 14.7600
Upward Momentum on CFRThe exponential moving averages have crossed upwards, the stochastic has made an upward turn and MACD is also on the up.
These are all signs to go long as the momentum is moving upwards.
ANG LongJSE:ANG has broken through a descending resistance line and could continue upwards. I will wait a bit to see if the direction is confirmed before entering into a long position.
AGL possible upward moveJSE:AGL has broken through a descending resistance line and is looking good for a long position.
For the more cautious trader, I would wait for it to close above the resistance level and the fractal before entering.
WHL Resistance Breakout at SupportJSE:WHL has broken through a descending resistance and confirmed the breakout with the next candle. This breakout also happened at a support level.
We can expect an upward move due to this breakout.
GRT Piercing LineJSE:GRT is showing a piercing line pattern which is a bottom reversal pattern.
Definition of Piercing Line: After a preceding downtrend, the green candle opens below the previous days close and closes above 50% of the previous red body. The candles MUST be different colours.
Bullish Engulfing & Descending Resistance Breakout on SBKJSE:SBK has broken through the descending resistance and formed a bullish engulfing candle pattern yesterday. Because of the strong momentum, I decided to enter a long position at opening this morning.
Strong Bullish Engulfing Signal on NEDJSE:NED has formed a strong bullish engulfing candle which shows great upward momentum.
CFR Short off ResistanceJSE:CFR is bouncing off resistance and has formed a bearish harami which is a top reversal signal. We can expect a downward move.
BIDVEST Descending Resistance Breakout & ConfirmationJSE:BVT has broken through the descending resistance and has confirmed the breakout.
We can expect a move towards the resistance level around the 21000 level.
For the cautious trader, you can wait for it to break through the fractal or for the more aggressive trader, you could enter immediately.
ABSA ShortJSE:ABG has broken out of the symmetrical triangle pattern that had formed.
Today it seems to be retracing a bit and you might find that it will bounce off the resistance before continuing downwards.
Depending on your risk appetite, you can enter a short right away or wait for a retracement and bounce before entering.
Strong Downward Momentum on MNPJSE:MNP is trading in a downward channel and a pattern has emerged that every time it hits the top of the channel, it plummets towards the bottom of the channel. It has recently hit the top of the channel and is looking positive for a downward move, but just to be safe, we will wait until it breaks through the fractal a little below the current price.
Buy Box on SparJSE:SPP broke out of the bottom of the 'buy box' consolidation area yesterday which normally means a signal to go short, but it seems like a hammer candle is forming which could mean a reversal, so I will remain cautious and only enter a short if it breaks the current low of today's price action.
MTN Symmetrical Triangle BreakoutJSE:MTN has broken out of a symmetrical triangle and is looking good for a short position. Personally, I would wait for a confirmation by it breaking through the fractal on the 13th of May before entering a short position.
SAPPI Long OpportunityJSE:SAP formed a bullish harami off of a descending support line which also coincides with a support level from early 2015. It is looking very promising for an upward move.
Bullish on EURZARLooks like the Euro South African Rand pairing seems bullish, according to the indicators. If green candle closes more than ATR, do not enter.
TBS ShortJSE:TBS has broken out through a support level, so we anticipate a downward move toward the previous low.
SHOPRITE Descending TriangleJSE:SHP has broken out of a small descending triangle pattern which is a signal for a short position.
I have entered a short position and am aiming for around the 16000 target level.
GBP/ZAR Sell setupIm Expecting price to push a little higher to touch our trendline where our support will becoming our restistance. Once price is there we could be looking for a good sell entry that give us some nice pips. ofcourse we talking here about a nice swingtrade. lets wait and see how this one will play out.
