VKEJ Short SND Set-upSo it's going down on Vukile neh...a short set-up. Strong supply following on demand, possibly to go further down.
VKE trade ideas
vukile property fund This is one of my favorite equities i believe the worst is over for vke afrter testing its all time lows and a hammer candle at support can be a start a good bullish run.. I prefer buying shares rather than trading it as options
VKE 1hr back at resistanceVukile is still in a downtrend, broke below previous support (that now acts as resistance) to make a new low and is now trading back at said line at 5.50
Decision time for Vukile property fund After a huge sell off the asset found itself testing 2005 highs and now decision time has come , the market is in consolidation...a break and close above support would be good news but break below will send us to ipo 2004 lows
I SUSPECT A PULL BACKI suspect a pullback, to the black line witch is a month trend line that was broke the second time since 2004. The first one was a fake out... I think this is not a fake out. Down grade and the unsurtanty in the market i can not see this as a buy. It broke resistance. I am waiting for a pull back. Then i am selling as indicated!
$JSEVKE -Inverse H&S (Daily)$JSEVKE the inverse H&S pattern looks to be complete as the stock pushes higher ff 1H19 results (Divi in line with guidance and maintains FY19 guidance)
Looking for 2000 close and above to confirm
Better Entry to the Short!We talked about this trade earlier (see attachment), but this is for those who had not entered when we did. Today offers a better entry with today's candle coming back to test the kijun break. So ideally today would be a good entry but we make room for any upside movement by our SL. Our targets are still the same but have a better risk/reward due to the lower SL. I expect the real move to happen next week but we position ourselves earlier and catch every last drop of 'pip-juice'!
Entry: 2 small positions @ 1934
SL : 1982
TP1: 1870
TP2: 1821
Remember to manage you position sizing in relation to you account size!
Vukile dnt look so Vukile anymore!!The REIT seems to be losing momentum. Since the end of August the REIT had good momentum upwards. On the weekly the upward surge looked like a big retracement from the downward spiral that commenced early June. So if this thesis is correct the retracement should end on the weekly Kijun level which is the 1939 area. If we close on the daily below this level we trigger a sell with the 1st target being the 1890 level.
Entry : daily close below 1939
SL: slightly above the high of today(well the high as at now at least) 1968
TP: Daily SSB 1870
NB: Remember this is just technical analysis not a crystal ball so risk management is the most important element (risk half of what you are comfortble with:))
VKE - weekly Descending triangle breakdown bearishVKE has broken down from a 12 month Descending triangle, It has currently pulled back to test the neckline.
RR : 1:1.5
