JonathanOtero7f

JonathanOtero7f Updated 

The Financial Index has shown clear resistance at the 10 000 level last week. A close below 9800 would trigger the short idea with 1st target at 9500 and full target at 9000. Further pressure on the EM currencies and overall EM equities could put pressure on the short idea. Stop loss would be a close above 10 000.

JonathanOtero7f Updated 

A close below R36.80 would trigger the short idea with a stop loss above R38. 1st target R35.30 and full target at R34. There could be a potential retest of the trendline so worth keeping an eye on that.

JonathanOtero7f Updated 

Been tracking this trade for a while. This is an updated idea, with the trade already triggered last week after a close above R150. Target is R180 with stop loss a close below R150.

JonathanOtero7f Updated 

I'm not a big fan of going against the trend but this weekly candle plus the point of resistance just seems too good. A close on the daily below R550 triggers the short trade with a stop loss above a close of R580. Targets are R525 and R475. Worth noting that a weaker ZAR and stronger commodities price may turn this trade around so keeping an eye on those...

JonathanOtero7f Updated 

SAP made a bullish reversal candle last week at a point of support (R23). Long idea will trigger if we get a break above last week highs of R24.62. Stop loss below R22.50 with 1st target at R26 and then on trail stop loss of previous week's lows.

JonathanOtero7f Updated 

Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.

JonathanOtero7f Updated 

Inverted H&S on the hourly signals a long trade if it closes above R142. Full target is R154. Stop loss is a close below R138, then trend continues downwards.

JonathanOtero7f Updated 

MCG has gone sideways from R105 and R110 for the past 2 weeks. A close above or below those levels would trigger a trade in either direction.

JonathanOtero7f Updated 

BVT has managed to close below R135 for the first since July 2016 and during this lockdown has managed to hold above however it closed below the level on Friday and has triggered the short idea. First target at R126 and second target R118.

JonathanOtero7f Updated 

GFI is find it hard to maintain momentum and R230 has found some heavy resistance. The other golds have dropped but GFI has held strong. Should we see a drop of R220 we could see a nice move down R200 and maybe even further.

JonathanOtero7f Updated 

BHP find a hard time to breach through R370. Short idea could be in play with a tight stop loss above R375. First target at R360 and second target at R350

JonathanOtero7f Updated 

Close below previous swing lows at R80 triggers the short trade. R75 first target while R70 is full target. Stop loss will need to be trail in order to make a good R:R trade. Stop loss above R84 (previous day highs)

JonathanOtero7f Updated 

BTI formed a reversal pin bar on the weekly chart last week. A close above last week highs could present a long idea. Long above R580 with R600 the first point of Resistance.

JonathanOtero7f Updated 

A close above 10400 has triggered a long trade with 1st target at 11600 and 2nd target at 13200. It will be important for a close above previous swing highs of 11600 for 2nd target to be achieved. Previous resistance at 10000 has become support now as well.

JonathanOtero7f Updated 

A re-test of R60 is on the cards. Low volume and potentially a reversal candle could signal a long opportunity on SLM. One to watch this coming week.

JonathanOtero7f Updated 

SHP has held R100 more than once last week and managed to hold. Made a nice pin bar reversal candle on Friday as well so a long will trigger if we have a close above R102. First target at R105. Stop loss would be a close below R100 on the daily.

JonathanOtero7f Updated 

Close above R144 triggers the long idea of an inverse H&S. 1st target is R160 and full target at R210. This will require some serious legs if it were to pull through.

JonathanOtero7f Updated 

Descending triangle pattern building on OMU. Will need to close below previous swing lows, at R11. First target at R10 and full target at R7