$JSEBLU Bluetel. From fake moves comes fast moves.After faking a break in a bull flag, it has now broken back.
BLU trade ideas
$JSEBLU Bluetel Bull flag in the making....A break of this bull flag could challenge the top of this wedge. Wait for the flag break. Don't preempt.
BLU - Nice CUP forming in processBLU broke strong resistance at R4.78.
Can it break R5.40 and complete a nice looking CUP at R6.15 ???????????
In overbought territory but it is still going strong.
Any other suggestions on this!!!!?????
BLU -- Break through resistanceNext Strong Resistance = R4.75 - R4.78.
Can BLU give a bit back again???? Will have to wait and see.
$JSEBLU Bluetel 405 Could become a target - Volatility warning 405c could become a target. Speculative share at best.
$JSEBLU Bluetel - Cell C haunting themOne giant lemon (Cell C) can make millionaires from billionaires -Levi brothers. A lesson in mortality. Either they offload, or they continue to take huge annual losses. What were they thinking ?
$JSEBLU Bluetel - When earning expectations are not met You get daily candles like this when investors have good earnings expectations and it disappoints. Trading on a news expectation is very risky business, especially where liquidity and volatility is high.
buy blue labelblue label (cell C) has broken resistence that has been holding since 2017. blue label is over sold and an acquisition by telkom would increase momentum. i recommend a T.P at R8.00.
$JSEBLU Bluetel fighting to get back into channelBuyers pushing price back into channel. If successful it would constitute a false break with more upside (top of sideways range potential)
$JSEBLU Bluetel challenging the bottom of channelAfter the recent poor results from Vodacom the Cell C lemon is haunting Bluetel again. Bottom of this range should hold, or more downside to come.
$JSEBLU - Bluetel headed for 584 top of channelBluetel consolidating in a clearly defined channel 470 - 580. Stock seems cheap on paper. Cell C lemon discounted out of price.
BLU LongTake 2!.
- Will long on break of shaded zone
- If volume profile is anything to go by, 680+
- Many locals are buying the setup. I shall do the same!
Blue Label Telecoms - LongLong BTUJ - believe we reached bottom post results and due to exit of dividend holders. Despite the volume, no major drama on the selling front. Fundamentals look good.
Technical levels:
SL 659 - Essentially just below the 2018 low or 7.25% from current price.
T1 - 820
T2 - 930 (might want to trail that one if momentum look good)
R/R = 2.7
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Sample numbers trade (numbers are indicators only):
1000 BLUJ @ R7.37 = R7370.00 = ~$513.00
Risk = R0.78*1000 = R780 = ~$55.00
Total TP = (R1.61*500)+(R2.71*500) = R2160 = $150.00
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I'll update as the the trade goes along.
BLU LongNeed price to stay above fib level, in order for thesis to remain valid
- Volume profile suggest we could see a a retracement to 850+-
