John2506

John2506

Commodity prices increased on upwards trend during the year, compared to SSW which declined due to reporting results of the last Q2. Even though commodity prices are up, the USD ZAR also plays a role here and the Rand was strong the last quarter which would impact the groups profitability in this Q. The rand is easing against the USD with the interest rate...

John2506

Shanghai and China covid lockdowns resulted in green open this morning. RSI looking stronger. Trading at around 65% discount to NAV. Source: (anchorcapital.co.za) I believe we reached the turning point,Target 197700. Not trading advice, solely personal opinion.

John2506

Up up and away. Broke through resistance, making higher highs,

John2506

Considering the Brent Crude OIL downward trend from June 2008, overall. We can see that there was a break in the trend recently, showing bullish signs. However there stil is the horizontal resistance at 85 level. On SOL side there is agressive bullish action, but limited to the brent crude oil price movement, if the oil price can breach the 85 resistance level...

John2506

Looking at the long term downward trend from June 2008, We can see that there is Resistance at the 86 level. If this resistance is not broken then we are looking at a retracement to 51 level (Fib) Solely based on technical analysis and no fundamentals in consideration.

John2506

Techinal analysis: - We have reached close to the end of the Ascending triangle continuation pattern. - Support 583 - I Identified an upward trend the last 54 bars, with 4 higher lows (Marked with stars) which may indicate that there is good market sentiment. - 10 EMA and 50 EMA closing in on each other, waiting for confirmation of breakout. Fundamentals:...

John2506

On the SSW chart, I noted a Support at 4402 which may mark the end of the regression channel. With reference to Platinum there is a long term trend forming with the latest bounce of the support. P/E ratio at 2.93 Forward P/E ratio 3.78 RSI in the 50's DMI showing some change to the upside (Not financial advice) Please comment with...

John2506

10 and 20 EMA crossed the 100EMA, confirmation of bullish breakout.

John2506

Platinum corrected to pre-pandemic Trend and is following in this pattern. 3 strong pullbacks displayd with regression trends before breakouts. Accumulated the last month for change of direction to follow trend. Waiting on EMA to confirm Bullish action. From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts,...

John2506

Consolidation period in short term last 2 months due to Production decrease in Motor vehicle industry. Recovery of industry is a given in future. Compared to Platinum price the Support is strong and holding. Strong support at 5443, resistance at 7430 Falling wedge shows that the trend is moving to a point where a change in direction is inevitable. Strong...

John2506

Buy Area in Yellow. Awaiting result from Debt reduction on 13 July. Long term..

John2506

Production is up 40% FY21 on last Performance results published (29 APRIL 2021) Production halt that may have material impact on financial statements is only 5% of total production for the period, although reasonable due to production increase. If agreement can be made for the debt restructuring (13 JULY 2021) this stock can go very high, target 13.47 New...

John2506

Bounce of support at 538. MA turned upwards. RSI at 47 - Share is still relatively cheap. Following long term trend upwards, heading for resistance at 782 LONG Happy trading.

John2506

Refer to TSLA Analysis - Link below

John2506

Above you can see the flags on the RSI respectively, the Fib channel shows that we are on the outer channels and is now on a critical point. Support at 535, if the price declines below this point then its crash and burn for a while to the 377 level, until mr Musk can improvise some genius. However if there is a bounce of the support then we are looking at a...

John2506

NPK to test resistance at 278 Balance sheet is looking good with current ratio 1.7252 and total assets 16.194B and total Liabilities at 8.309B. Revenue only down 23% RSI suggests share is oversold. NPK AGM at 9 Feb 2021, I suggest to buy at close range of support at 201 before this date.

John2506

RSI shows that the share is overpriced and not in line with the Gold price. Due for market reaction.

John2506

Possible 15% Margin Compared to the USD Gold price