Gold has broken below last year's lows and now is looking to retest those levels as it will heard further down
Vodacom group has traded on a loss of 10% last month (August) and we have seen the breakout of a bearish engulfing candle on a bearish channel and thus indicating more weakness on the stock. Comment your views below !!
Gold has broken above $1825.36 which is the close of the high created in 2011, Gold was accumulating for two years within this support and created a bullish symmetrical triangle and has broken above the triangle in Feb 2022 and so what I am expecting is a retest to create a low before we can see price moving to the upside again.
Purple Group is still trading on an uptrend and will continue to create new highs of about R4.79 to R5.00
RCL Foods Ltd. (South Africa) is a holding company, which engages in the food production. It operates its business by combining the Consumer and the Sugar & Milling divisions into a single food division, which is divided into four business units: Groceries, Baking, Chicken, and Sugar. The company was founded by Stanley Methven in 1891 and is headquartered in...
Oil has since made a huge recovery from the fall caused by the COVID-19 Pandemic. The analysis detailed my view on the continuation of an uptrend that USOIL had been moving. Comment below with your own USOIL analysis
This is one of the stock I have been following from early last year and has presented a beautiful buy opportunity after a careful long term technical analysis. Price has been rejected many times at R0.27(Triple bottom structure formed) which is acting as a demand level, we must remember that the company provide world-class technology solutions to the financial...
I have once published a buy Idea on the stock early 2020, Now I see another huge upside opportunity
The stock hit a very strong lower support level at 61 and created a double bottom. The current price movement is approaching a neckline resistance of which i anticipate a breakout to the upside.
Where Do you think BHP will go?. Will it break above the current Resistance or will it bounce back? Share your views on the comment section
The stock Has created an Inverse Head And Shoulders. Price has broken the neckline at price level R5.22 of which was a strong Resistance level for the stock. We no are seeing that price has created an ultimate high of R11.57 of which i strongly believe that its going to be tested for the 2nd time.
The stock had tested the lows of R10 of which is a very strong support level that held from 2009. The multiple bottom hits the stock created gives full confidence now that R40(resistance) is broken to the upside. There are other good fundamental factors that gives us an edge of good reasoning to why is the stock seeing positive gains( do your research on the company)
The stock has been on a downtrend from 2013 up to now. However, the current support level(R0.01) formed an Double Bottom Reversal pattern with divergence on the Relative Strength Index. This pattern is promisingly giving us confidence to the upside, however the stock will need to be backed by good fundamental reasoning for us to safely take trades.
A positive breakout on the upside in seen. My anticipation are that the pair will find next resistance at 1.15058
Is Gold about to be as bearish as it can get? Share your views on the comments section below
I am anticipating a full impulse wave count to the the upside. the corona virus fall retested our key neckline level to give us confidence to the upside
We have seen triangle breakout to our target area. however i am very alert at these key level 353200, I think the stock is way overvalued
After the stock created a double top, we now seeing a retest at the neckline. however considering wave count, im still favouring the bullish side provided the stock retest at R14.32