AGLA comment from this morning's note: JSE:AGL | Potential resistance at upper boundary of medium term channel. Note the recent candle wicks which is reflective of intraday selling. For more research insights, including trade ideas, get in touch today.by techpersPublished 3
AGL bullish flag pennantThe daily chart of AGL has formed a bullish flag pennant, solid close above 745.00 confirms the breakout with a target to around the 810.00 mark which is its upper channel resistance zoneby T2TWELLPublished 1
Anglo American (AGL): Taking ProfitAngloAmerican is hitting a resistance trendline that has halted uptrend before, the expectation is for price to trend down with an objective target of the upward slopping trendline below. Savvy traders can switch from long to short & add to the profit on price trending down then switch back to long when price breaks the trendline.Shortby runyamhereUpdated 2
Anglo American ,,, Buy opportunity Uptrend I suppose, this is a good breakout on daily time and by setting SL at about 3030, targets around 4030 and 4230 will be available. Whole market is not in a good mood , so try to enter with a small amount of your portfolio.Longby pardisPublished 3
Diversified Miners Relative To JSE Top 40 Index Diversified Miners Relative To JSE Top 40 Index I published this view on 22 November 2022 where I anticipated a move higher, followed by a 'roll-over' out of the bear flag structure. This setup is currently underway. Original view attached. For more research insights, including trade ideas, get in touch today. by techpersPublished 3
AGL going shortbased off of the turning downwards of the stochastic and MACD as well as the downward crossing of the EMA's, it looks like we could see a downward move for JSE:AGLShortby RossLarterPublished 3
The Money Multiplier of TradingThere is one tool with trading, which you can accelerate your portfolio, compared to with investing. I’m talking about Gearing (or leverage). To wrap our head around this concept, here’s a more relatable life example. When you buy a house for R1,000,000, it is very similar to trading derivatives. Initially, the homeowner most probably won’t have the full R1,000,000 to buy the house with just one purchase. Instead, they’ll sign a bond agreement, make a 10% deposit (R100,000), borrow the rest from the bank and be exposed to the full purchase price of the home. This is a similar concept for when you trade with gearing. Gearing is a tool which allows you to pay a small amount of money (deposit) in order to gain control and be exposed to a larger sum of money. You’ll simply buy a contract of the underlying share, use borrowed money to trade with and be exposed to the full share’s value. Let’s simplify this with a more relatable life example: How gearing works with CFDs Let’s say you want to buy 1,000 shares of Jimbo’s Group Ltd at R50 per share as you believe the share price is going to go up to R60 in the next three months. You’ll need to pay the entire R50,000 to own the full value of the 1,000 shares (R50 X 1,000 shares). In three months’ time, if the share price hits R60 you’ll then be exposed to R60,000 (1,000 shares X R60 per share). Note: I’ve excluded trading costs for simplicity purposes throughout this section If you sold all your shares, you’ll be up R10,000 profit (R60,000 – R50,000). The problem is you had to pay the full R50,000 to be exposed to those 1,000 shares. When you trade a geared instrument like CFDs, you won’t ever have to worry about paying the full value of a share again. A CFD is an unlisted over-the-counter financial derivative contract between two parties to exchange the price difference of the opening and closing price of the underlying asset. Let’s break that down into an easy-to-understand definition. A CFD (Contract For Difference) is an Unlisted (You don’t trade through an exchange) Over The Counter (Via a private dealer or market maker) Financial derivative contract (Value from the underlying market) Between two parties (The buyer and seller) to Exchange the Price difference of the opening and closing price of the Underlying asset (Instrument the CFD price is based on) Let’s use an example of a company called Jimbo’s Group Ltd, who offers the function to trade CFDs. The initial margin (deposit) requirement is 10% of the share’s value. This means, you’ll pay R5.00 per CFD instead of R50, and you’ll be exposed to the full value of the share. To calculate the gearing (or leverage ratio) you’ll simply divide what you’ll be exposed to over the initial margin deposit. Here’s the gearing calculation on a per CFD basis: Gearing = (Exposure per share ÷ Initial deposit per CFD) = (R50 per share ÷ R5.00 per CFD) = 10 times gearing This means two things… #1. For every one Jimbo’s Group Ltd CFD you buy for R5.00 per CFD, you’ll be exposed to 10 times more (the full value of the share). #2. For every one cent the share rises or falls, you’ll gain or lose 10 cents. To have the exposure of the full 1,000 shares of Jimbo’s Group Ltd, you’ll simply need to buy 1,000 CFDs. This will require a deposit of R5,000 (1,000 CFDs X R5.00 per CFD). With a 10% margin deposit (R5,000), you’d have the exact same exposure as you’d have with a conventional R50,000 shares’ investment. Here is the calculation you can use to work out the exposure of the trade. Overall trade exposure = (Total initial margin X Gearing) = (R5,000 X 10 times) = R50,000 With an initial deposit of R5,000 and with a gearing of 10 times, you’ll be exposed to the full R50,000 worth of shares. In three months’ if the share price reaches R60, your new overall trade exposure will be R60,000 worth of shares (1,000 shares X R60 per share). If you sold all of your positions, you’d bank a R10,000 gain (R60,000 – R50,000). But remember, you only deposited R5,000 into your trade and not the full R50,000. This is the beauty of trading geared derivative instruments. Hope that helps for those who don't really grasp Gearing... Trade well, live free. Timon MATI TraderEducationby TimonrossoPublished 5
AGLAnglo American Plc AGL | The structure I discussed in August is playing out, with the initial pullback slightly deeper than expected followed by a consolidation and strong buying activity which is seeing the share trade at 5 month highs. Note the gap close at 70700c. The 14-Day RSI approached overbought and failing to print a lower high while the price is printing a higher high. Friday’s price action guide for the share stated the following: “Near Overbought. Look For 1 – 2 days Upside Before Potential Bearish Reversal. Failure To Hold The Prior Session Highs Could Confirm An Ultra Short Term Bearish Reversal.by techpersPublished 2
Relative Ratio: Diversified Miners vs JSE Top 40 IndexThe attached chart is relative ratio of equally weighted diversified miners vs the JSE Top 40 Index. When trending higher, it means that miners are outperforming the broader market while a downward trend represents underperformance vs the broader market, particularly large caps (JSE Top 40 Index). On a medium term basis, a large megaphone pattern has developed while in the short term, an upward trending channel is visible. This channel may be forming part of a larger bear flag where the ratio could lose support it's incline in place since August is breached on the downside. This may suggest that miners could return to underperforming the broader market on a relative basis. by techpersPublished 2
Anglo AmericanCurrently facing some resistance at around its 50DMA (R560.70) Has found a nice little range however, a channel between TL1 and TL2 that could offer a great swing trading opportunity. by Trad3r_16Published 2
JSE Sectors Relative To The Top 40 IndexYesterday pre-market, the data pointed to 'relative' outperformance of financials (banks/insurers). To see the full note, get in touch today. Apologies if the text on the chart is not clear enough (unfortunately, might be distorted after publishing).by techpersPublished 2
Possible Head and ShouldersThe stock is in what seems to be a Head and Shoulders pattern with the right shoulder still in formation. The break below R500 will confirm the pattern and the next key support area is around R200. The JSE Top 40 index has already confirmed a Head and Shoulders pattern. Yesterday's post of this setup wasn't clear. Shortby KatlehoThabaPublished 2
Possible Head and ShouldersWe are getting what seems like a Head and Shoulders pattern forming, a break below R500 will confirm the pattern. The next key support is at R200. The JSE Top 40 has already confirmed the Head and Shoulders with a break of the neckline, AGL seems to be following suit.Shortby KatlehoThabaPublished 0
Possible Head and ShouldersWe are seeing what looks like a Head and Shoulders pattern in formation. A break below R500 will confirm the pattern. The next key support is at R200. The JSE Top 40 has already confirmed the Head and Shoulders pattern, this giant seems to be following suit.Shortby KatlehoThabaPublished 1
SectorsContinuing my research for this coming Monday's report. This is a slide I'll be including: JSE Sectors Equally Weighted applied with a 2 Standard Deviation, 50-day Linear Regression Channel (will most likely add more metrics for context). Upper Range = Approaching ST Overbought/Expensive. Lower Range = Approaching ST Oversold/Value. 1st Panel. Top Left is Diversified Miners. All the best and have a good weekend.by techpersPublished 113
AGL - Breakout of Consolidation areaJSE:AGL has broken out of the sideways consolidation area that it has been trading in since the end of July. With the breakout the price action has triggered a possible short position that we will enter into if the price continues downwards.Shortby RossLarterPublished 1
$JSEAGL Possible FlagWhile until a few days ago my lines on $JSEAGL (Anglo American PLC) looked more like a wedge, it is now taking the shape of a flag. As it seems the awaited Wave 3 down for all markets is now busy starting, this counter could be in for a horrible time when looking at the long flag pole on the left upper side of the flag. I do have another published target of closer to R400.Shortby dawievdwestPublished 2
Anglo American PlcA bearish 'rising wedge' technical pattern breaking for a potential move 480.Shortby InnocentmapondePublished 2
AGL bearish ChannelAGL finding good resistance at the top of its bearish channel, it can still go up to test the 200/100 DMA zone before seeing further downsideby T2TWELLPublished 112
ANGLO AMERICAN - 50dma Resistance- The resistance at R600 / 50 day moving average is proving to be the level to break - Price retesting the 20 dma , bulls will want to defend R545-R560 or risk another move down to test the lows -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.by Trader-DanPublished 3
AGLAn insight/chart which I will be publishing tomorrow as part of my research to clients. For more research, including trade ideas, get in touch today. Anglo American Plc (AGL) | Pending cup and handle technical formation. On Friday the share printed a bearish engulfing candle however, similar to the prior structure, we could see a retrace before potentially continuing the upward trend. Key Pivot: 59600c to 60500c. by techpersPublished 6
ANGLO AMERICAN - Analysis Anglo is at an important area which will dictate the next possible leg. While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher... A break below opens the gates to R460 Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support Note: Price is below the medium term trendline and outside of the broadening formation -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. by Trader-DanUpdated 3
AGL UpdateOriginal idea attached. Published this at 607.03 on Thursday. Went to 593.00 on Friday and then to 635.00 this morning. It's called....PAYtience:)by techpersPublished 3