Cheyne54

Cheyne54

Risk off sentiment driving gold price higher and weaker ZAR helping the J150 Gold Index bounce off support line as well as 50 day moving average. Index could run up to resistance around 2800

Cheyne54

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

Cheyne54

The Rand is showing good resilience after Wednesday's medium term budget fallout. Could well be heading back into the R14.50's

Cheyne54

Sappi $JSESAP is approaching strong resistance. Previous support line turned resistance as well as 50 day MA will provide short term resistance but there is also a longer term downtrend that will need to be cleared at around R42 before entering a long position.

Cheyne54 Updated 

If closing price is above 6.19, then we could see the share price run until 7.03

Cheyne54

DXY continues to weaken on somewhat positive US and China trade talk sentiment

Cheyne54 Updated 

Aspen looking to break through resistance level (previous support). It has also broken above the 50 day MA. Several upside targets could be reached. Share price finding support from results released yesterday evening