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NINETY ONE PLCNINETY ONE PLCNINETY ONE PLC

NINETY ONE PLC

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N91 trade ideas

N91 Moving Towards Weekly Low PriceN91 has begun to put in lower highs and lower lows signaling that it is moving into a weekly low price point. The previous low weekly price is R34.58, we will watch to see if this breaks, however of most important is how price interacts with the median line of the Pitchfork, if we lose that support we can watch for a targeting of the pink support line or the 0.5 line of the Pitchfork. The swing low from that point on a weekly would confirm entry long, more risk accepting investors would enter on a daily swing low price point. Turning bullish without breaking R34.58 means 17 October 2022 was the yearly low price. This idea would be updated as the cycle unfolds.
JSE:N91Long
by runyamhere
N91: mean reversion tradeA high likelihood of a mean reversion trade might be unfolding. The price action is regarded as oversold. A price action above 3900 supports a bullish trend direction. Crossing below this level will negate the positive stance. Further bullish trend confirmation for a price action above 4000. Consolidation from 4000 to 4100. Crossing above 4100 might target 4400. Crossing below 4000 will be the first sign of weakness. MACD (lower panel) also confirmed a change in trend direction to bullish with the crossover. Remains a risky trade as it is a countertrend trade.
JSE:N91Long
by Peet_Serfontein
N91This chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice. In the short term, the 4526c – 4582c range are key levels for the share. The chart structure has developed a rising wedge-like formation while the RSI has made lower highs, signaling bearish divergence. A break below the incline support trend line puts the share at risk of a break lower. The 4312c level is one to watch, followed by 4130c and 3952c. Should we see strong support here, then we may have another breakdown and back-test opportunity.
JSE:N91Short
by LD_Perspectives