AIL trade ideas
ARC : Expected retest at 446We can expect price to retest at 446 after rejection at support. Typical textbook price action analysis
AIL - 1D - POTENTIAL 200EMA GOODBYE KISSChart has pulled back to 200EMA at same point weekly and daily stochastics show oversold position and reaching bottom of upward trend. ATR gave buy signal couple of days back. Dragonfly Dojis at this point also signals pivotal market points. Fundamentaly not much news on AIL, but i am taking the trade on strong tecnicals.
An Imminent AIL rally.The recent AIL pullback to the 200EMA seems to be over. The stock seems to be finding support at the demand zone too around the same price zone. Our money, here, is for the upside as technical indicators align.
At market pre market today, 08H00 CAT, we will look to get two orders in here.
1. @ R3.25(61.8 Fib retracement)
2. @ R3.06.
Both positions with 1.5% SLs(3%) at around R2.46. Our target price @ R5.61.
Happy Trading!
AFRICAN RAINBOW CAP INV. Possible long opportunity coming.AIL offers disruptive banking solutions in South Africa.
With such a strong monthly downtrend, we will need some sideways consolidation in this range, in order for us to change the trend and ultimately move higher.
Given the current economic climate in emerging markets, this is one that I am putting on my watchlist.
If we were to see further consolidation at these level, while still holding support as seen on the chart. 220-225 range. We would then look for some expansion to the upside. that being said, a push in the fintech sector might break through some resitance levels, in which case we will look to get involved on a pullback.
** this would be a longer term play and one that needs some more time to play out. I will update as we progress.
African Rainbow Capital Investments Rally Coming Shortly?ARC looks very appetizing to me. I am not 100% sure about my wave count, but I think we are about to experience a good Motive Wave (5) all the way to even 410. There is a trendline from around 16 Oct '17 that the stock could break.
We can not miss out on this one.
AIL: share with the most bullish divergenceUsing the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly).
Divergence period used is 8 periods (Fibonacci number).
Divergence is when the price is making lower lows, while the indicator (RSI) is making higher lows.
Indicates underlying strength. Bears are exhausted. Warning of a possible trend direction change from downward to upward.
