Fumba

Fumba

The rand's appreciation has had a positive impact. However, the dollar index is showing some support structure and a potential direction change. SA's ties with the US comes with more uncertainty and this could have more negative impact on SA's economy. In the long run, the rand loses value and you would not want to buy the rand but hold more dollar unit...

Fumba

Bitcoin's recent bear movement has raised some buying opportunity in the short-term. There is a potential buy opportunity you can consider.

Fumba

The index is down about 7% from its high in a short space of time due to market uncertainty. However, the market will start to price in that uncertainty and be on the lookout for more opportunities.

Fumba

The dollar weakness has been strong for the week, but it is at a relatively strong support level. A bullish correction move is expected.

Fumba Updated 

Setup 2 was achieved from my previous post. Now I am expecting a short term bull run to bull run to 20K at least. Previous post:

Fumba

Is the December tax-loss harvesting done? I am focusing on the two key levels for 2025. A sweet spot would be the 38 800 level but we will average in.

Fumba

Setup 1 is more probable but will look at both long-term setups. The greenback has been gaining some momentum based on various illogical parameters. Looking to take advantage of that. Remember to practice good risk management.

Fumba

HK has had a strong rebound. I hope traders are enjoying the profit or dividend payouts. However, the November month usually comes with bare movements (check the last 2-3 years). A retracement is also needed from the long downtrend breakout. Wait for your retracement confluences to enter. I suggest you take partial profit and add a sell position @22 600 and TP...

Fumba Updated 

The recent political events have proven to bring back some confidence in SA. However, it needs to coincide with the financial data. Look to add another position if it goes to the R17.50 level.

Fumba

Current potential setup I am looking at short-term.

Fumba Updated 

Potential setup idea I am looking at. The blue zones my fib levels that have been respected.

Fumba Updated 

Potentially looking at two setups. Whereby, idea 1 seems to be more probable but be on the look out for the 2nd setup. Scale with caution.

Fumba

On the previous setup idea, only the first part has played out. However, the index has respected the various fib golden ratios. Hence, we will stick to them as added confluence. I will also look at a 6-year VIX chart to couple this chart. On the VIX chart, we can see that the price is currently at a significant zone. May, late Sep, Oct, and December usually...

Fumba Updated 

The index has been bearish for 3 straight weeks. However, it is now at an important key level of support and has two bullish confluences present. I would ideally like to get a bullish engulfing candle as my last one or a reversal candle to add as confirmation. It is worth noting that the price is also likely to test the 77% Fib level as part of a liquidity grab...

Fumba

Are there more bears still yet to come? Are we in a bear correction? Bonds or Equity? Value vs growth stocks? Since the market is still divided, what are the few options you have with Dow Jones? My watchlist zones are around 32 800 and 31 800 marks. They have proved to be vital areas of resistance and support. Using a 100MA and 50MA (Red and blue respectively),...

Fumba

Two potential setups for Gold that I am focusing on.

Fumba

Short-term trade.

Fumba Updated 

My previous chart just need an update. After the 8 600 entry position I proposed, Sasol is still holding firm as we approach the earnings report. Keep holding it and do not be alarmed if it retraces back to the 18 000 level. It is still above the 50MA, 200MA and the fundamentals are not providing any erratic downward movement (specifically the rights issue). ...