$BAW - Barloworld holding horizontal support at 80-82Level of support is very clear here. Stock trying to close back above the 200dma which would be a good start. Should market remains strong could see it move to short term targets of R92 - R93 and R103. With its exposure to the commodity space and precious metals/copper moving up.. should be a bit of a catalyst for Barloworld to start moving higher again.
BAWP trade ideas
BARLOWORLD - UpdateThe stock reached target at R110 and was consequently got downgraded yesterday by an investment house with a target of R96.
The 20/200 moving averages provided a relief bounce on yesterday's sell off... I will be interested to get back in long around the retest of the consolidation breakout around R98.50
Oscillators are overbought on the daily
Barloworld - heading on top of the world!Barloworld has beautifully broken above the W Formation
Showing a ton of upside to come.
The 7 >21 MA bullish. The price is above the 200MA
CONCERNS:
The 200 is still above the 7 and 21 MA but I guess with a change in trend, we will see this no longer soon.
BULLISH
BARLOWORLD - Constructive BaseBarloworld continues to look good with volume pick up and holding the 50 day moving average
A break of R98 will open the gates to a move towards R110 & 200 day moving average
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
If you would like me to have a look at any chart, direct message and i will post my thoughts, Happy Trading!
BARLOWORLD - Heading for Swing lows- After printing a death cross (50dma x 200dma), price took another dive yesterday post earnings and now looking to test the March swing low.
- Lots of overhead resistance if the bulls want to turn this around.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
BAW: change in trend directionA bullish trend direction is applicable above 10600. Crossing below this level will negate the bullish trend direction.
Upside price momentum supports the bullish trend direction.
RSI leaves enough room for further upside price potential.
MACD bullish crossover confirmed a change in trend direction.
BAW: back to its 200-day?A price action below 14700 supports a bearish trend direction.
Downside price momentum supports the bearish trend.
Trend strength indicates a strong trend that is gaining strength.
RSI leaves enough room for further downside price potential.
200-day might act as major support.
BAW: upside potential?A bullish trend is applicable above 12800.
RSI leaves enough room for upside price potential.
The price action is starting the break up from the lower range of the Bollinger Bands.
Trend strength indicates a strong trend that is gaining strength.
Remains above its 200-day simple moving average.
Fading downside price momentum (see the lower panel) supports the bullish trend.
ST Swing Idea: Barloworld One of the items published to the client platform this morning. For more real time insights and trade ideas, or if you are considering an alternative trading service provider, get in touch today.
Long Pivot: Barloworld -Getting Ready If Level Is Triggered. Levels On Chart. Instructions Below:
Key Trading Levels For Buy/Long Side Continuation
The highlighted levels may or may not trigger during the upcoming/current trading session.
Blue Line = Buy Trigger
Red Line = Temporary Failure/Stop
Green Line: Target
Required: Needs to hold trigger zone with strong bids.
Time Frame = Short Term
BAW: crossed above its 200-dayUpside price momentum supports the bullish trend.
Crossed above its 200-day simple moving average.
RSI leaves enough room for further upside price potential.
Price action above 9300 supports a bullish trend direction.
ADX (trend strength) indicates a strong trend gaining strength.
Cup and handle formation on Bawlo cup and handle pattern is forming on Barloworld. The stock looking like it's working on the handle. As it hold the 50 day EMA. I was waiting for a close above R114. However I will now add to my position on the break above R110.80 with a stop loss just below the 50 day EMA/ Handle.
Trade Setup: BarloworldToward the end of May, my long term (12-month) target for BAW was reached. Since then, the stock has retraced, overshooting the incline support however trading within the 50/61.8% Fibonacci Retracement. Note, the RSI is breaking up before the stock - that's constructive. In addition, we note a same-day reclaim of the 8/21 EMA.
Initial position at the current levels (10416c) or better, adding above 10575c
Stop: 9980c
Target Range: 11200c to 11500c