BLU trade ideas
$JSEBLUE Blue Label Telecom. Bouncing off 260 supportBack into this channel and 334 might just become a target once again.
$JSEBLU Inverted head and shoulders breakTarget IF we remain above 276c today is 334c. Speculative buy.
$JSEBLU Bluetel. Bottom of channel once more. Will it hold ? Channel traders can look at adding at the 255 levels if that level holds. If that level however breaks, you need to stick to a stop loss. It could get ugly. Not a trade for orphans and widows. Cell C defaulting on their loan is dragging this share down.
$JSEBLUE Bluetel. Cell C defaulting on a loan repayment. Channel ping-pong. 255 seems like the next target.
$JSEBLU Bluetel Moving back into rangeLooking at another potential fake break of the channel. 255 could very well become a target again. No Position.
$JSEBLUE Bluetel Bear flag breakToday a bear flag broke on the news of a potential Telkom buyout of Cell C. If this proves to be a fake break then it could present a buy opportunity, else stay away. If this share trades above 255 by close of business, it could reach the top of the channel 299 very quickly. Speculative bet not for orphans & widows.
Blue Label Telekom making a break Blue $JSEBLU has found good support off the 257 level. Share price trending up on news of potential acquisition of Cell C by Telkom. Risk reward ratio is about 3:1 with upside target of 338 and stop loss at 257. Share price looking to break above 50 day MA at current levels
$JSEBLU Bluetel. Chinese mobile in talks to buy Cell C ? So much for buying the rumour. Market seems skeptical. You can't blame them. Waiting.
Blulabel telecomsBlulabel is trading in a very very tiny range over the last few days,volatility tightening precedes an explosive move.On a balance of probabilities the break is likely to be to the downside....excellent RRR as well.
$JSEBLU Bluetel. Scary looking chartCould be building a bear flag for more downside. No position here. Just watching.
$JSEBLU Bluetel Making multi - millionaires from billionairesI'm sure the brothers Levy will not be inviting the Cell C salesmen for a braai anytime soon.
$JSEBLU Bluetel. Cell C lemon doing them no favours367 offering some support. Cell C bond downgrade not doing them any favours. Will be watching carefully over the next couple of days, but unless these guys make a plan with Cell C, it won't be doing the share any good over the longer period. No position.
$JSEBLU Bluetel. Forming what looks like a flat top triangleWatch for a 480 break. That will open a 515 target price.
BLU - Crunch timeBLU is at 'n resistance level at about R4.50. Breaking through may see it all the way to R6.12.
May also not break this and fall back to support line.
May be good to sell of 50% (IF YOU ARE IN) and then enter again above R4.50 or after it fall back to Support level.
Lets wait and see.... can go either way --- TOUGH ONE TO CALL.
