$JSEBAW Breaking down on the hourly $JSEBAW Breaking down on the hourly - confirms bearish weekly picture
BAW trade ideas
$JSEBAW Weekly chart - waiting for bull flag confirmation $JSEBAW Weekly chart - waiting for bull flag confirmation
BAW - First Target ReachedWe may derive the following from the Weekly BAW chart:
1. Price has reached our first target.
2. Price is currently at a support level.
3. Be weary of buying, but take note - a bid is likely.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Massive DropWe are still gonna see BAW going down for some time because of that H&S and that rising wedge!!
$JSEBAW Hourly bear flag confirms bearish weekly chart $JSEBAW Hourly bear flag confirms bearish weekly chart
$JSEBAW Weekly: Simultaneous break of NL and 200w SMA $JSEBAW Weekly: Simultaneous break of NL and 200w SMA - Weekly close below R114.20 confirms
cup and handle?BAW is still refusing to follow the cup and handle setup, but since we are in the demand zone of the handle, we expect some rise
Barloworld - Bearish CorrectionWe may derive the following from the Weekly BAW chart:
1. Price is still trading outside of its weekly downtrend.
2. A correction wave may be complete.
3. Price i.m.o should continue to fall further.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
BAW - Good Entry PointBAW is close to strong SUPPORT (R122) and near OVERSOLD territory
Slight Resistance - R129
Strong Resistance - R137
Lets get it doneWe are hoping to see Barloworld continue its bullish move, after completing the handle
$JSEBAW Barloworld forming a bootiful rounding bottomBarloworld has not much done in the last year - but it has formed a bullish rounding bottom in the process. The chart has worked off some overbought conditions on the daily chart and has now approached both its uptrend and 50 day ma, which has provided support on numerous occasions on pullbacks. A daily close above the baseline of this pattern at R137.00, should see a technical target of R163.00 come into play. Perhaps not a bad place to enter here for a good risk reward ratio in anticipation of the eventual breakout. Stop loss close below R120.00 which would invalidate the rounding bottom pattern.
Go long Barloworld LtdJSE:BAW is currently trading at a tantalizing level for a long trade.
The R128.00 acted as strong resistance for the first 2 months of this year and it would seem as if it recently held up as good support and it is trading at this level once again.
On the moving average front, the short-term EMA has crossed above the long-term EMA. The medium-term EMA is well on its way to do the same.
The Slow Stochastic is indicating that the stock is currently oversold and the MACD, although looking somewhat bearish, is still in bullish territory.
Action: Place a Limit Order to go LONG with your Limit Price set to R128.00. Set your Stop Loss to R119.00 and your Take Profits to R140.00 and/or R150.00.
long opportunity200 ma is now dynamic support , bullish, would a break of neckline take it back to 160ish?
Barloworld (BAW)Barloworld moved slightly higher yesterday to close at R125. 200-day ma at R126.28 could be a key resistance level. The 50-day ma @ 122.96 could provide some support. Should the 50-day ma cross above the 200-day ma it could be viewed as a bullish signal.
Re-visiting Barloworld - Range Trading OpportunityRecently, traders who participated in the BAW trade benefited from the sharp run-up in the share with the price which made an explosive move from 11803c to 13536c - a 14.6% appreciation over three trading sessions. While the same result may not be achieved, I believe a short term range still exists between sub-12250c (buy) and 12900c (sell). Here a stop-loss of 11990c (or 2% trailing) can be applied.
Barloworld#DailyChart: Price has broken to the other side of what looked like a descending triangle pattern.
BAWH4Ecpecting the breakout off the triangle to be bullish for the length up to the red line resistance, RSI indicates a buy.
Barloworld looking to bounce back (BAW)The market did settle somewhat and after three days of pain, Barloworld's price has come down to settle at what looks like a decent support level.
Look, the market has been extremely volatile but we have seen some positive sentiment coming out of the Asian trade yesterday. I'm hoping we get some follow through in the next week or so.
The technicals;
Apart from hanging around this short term support level, the stock has become over-sold on the daily chart. All the momentum indicators have starting showing a change in direction with the RSI also turning higher off very weak levels. The two green candles that have formed could indicate that a reversal is in play (at least in the short term).
SMART trading has entered and our copy traders are in! Here is what we're looking to do;
Buy(long) BAW (CFD) 120.00
Stop loss 115.45
Profit target 130.00
Note: I do think you can pay up to 121.00 here and adjust your stop loss accordingly.
