A 1-year base formation has developed, with the price looking to break above the $400 level (also the pivot). Favoured above $400, with a stop of $373 and a target of $460.
FX: Euro vs British Pound (EURGBP, 0.8361): Multi-Year rounding top formation sees potential for the Euro to underperform versus the British Pound. The accelerated pace of interest rate increases of the BOE relative to the ECB potential drives this move to the downside.
Original idea attached. Global X Uranium ETF (URA) - Target of $25.90 has been met. Gain +19.7% over the 3 weeks. Just some related news in the last few minutes before the US market close: U.S. WEIGHS SANCTIONS ON RUSSIAN NUCLEAR POWER SUPPLIER ROSATOM
The sector showing RS vs broader market. Several names on my scan too. See XLU having bottomed vs SPY and now breaking to upside of 10-month base.
PPC Limited - a quick look. How I'm seeing it. Clearing and holding line A_B is your swing long trigger. Levels TBD.
Ford Long? $17.80 1. 200-day test and hold 2. Gap close + gap on the upside 3. Lower boundary of 200-period linear regression channel 4. 7-day RSI bullish divergence Stop: $16.25 Target: $20.20
Original Long Idea (2-Feb-2021) Attached, Based On Weekly Chart Analysis. Current: 163c vs 61c at the time. Comment at the time as follows: "Briefly, signal received on daily chart however zooming out, the weekly appears promising with the price looking to emerge from a 12-month base. Also noting the weekly RSI at the highest level in 2 1/2 years (60, bullish...
Full gain around 1300c or 7.3% (Period: 1 week) Absa: Short Target Reached (16950c) Original idea attached.
STRATEGY: POSSIBLE & PENDING PIERCING CANDLE Time Frame: Short Term. Levels of chart. My pre-market comments: DCP is a recent pivot play that is providing another potential short term opportunity. In the past few weeks, I've discussed the opportunities around piercing (reversal) candles. To refresh your memory, it's a candle where the price has been in a...
I wrote about the Uranium sector 14-months ago on 07-December 2020 when the ETF traded at $14. The move over the period has been strong, with a high of $31.60 on 09 November 2021. I looked the attached chart last night and thought there were some interesting similarities to prior periods. STRATEGY: PENDING BULL FLAG BREAKOUT + TIME CYCLE Key Trading Levels...
Buy/Long Idea Instructions Below and Levels of Chart Key Trading Levels For Buy/Long Opportunity The highlighted levels may or may not trigger during the upcoming trading session. Blue Lines = Bullish Reversal Pivot Required: Needs to hold above the pivot with intraday strong bids. TF = Medium Term
Price at the time of documenting this idea: 18270c Price testing multi-month rising trend line. Downside reward to risk appears attractive at current levels. 7-day RSI at 87 14-day RSI at 78 Preferred Entry (Sell): 18260-18340 Stop: 18810c Target: 16950c
Original Idea Attached. Update: Target Exceeded, ST Reduce Prior to today, the share held the PIVOT for 3 days, which is always our trigger. Previous comment as follows: Spar Group: BUY IDEA - Inverted Hammer Candle + Test of 0.618% Fibonacci Retracement Level. Buy/Long Pivot with trigger/confirmation level of 16897c. LAST = 16666c LONG PIVOT =...
Swing Long Idea: Pepkor LAST = 2279c LONG PIVOT = 2292c STOP-LOSS = 2209c TARGET = 2470c Key Trading Levels For Buy/Long Opportunity The highlighted levels may or may not trigger during the upcoming trading session. Blue Lines = Bullish Reversal Pivot Required: Needs to hold above the pivot with intraday strong bids. TF = Short Term
US Treasuries (IEF ETF) vs Sub-Investment Grade Debt (JNK ETF): Credit spreads have remained subdued however traders should be monitoring the 1.08-1.09 level (pivot zone) for evidence of increased stress which may ultimately be reflected in the equity market.
Further update Intraday, the strong move has continued, with the price now up +3000c or +15% from our level (19000c to 22000c). For more real-time insights and trade ideas, or if you're considering an alternative trading services provider, get in touch today. Original idea and 1st update attached.
AMP - I've continued to work on my screens, with new developments in recent weeks. This is one of many setups that I'm seeing. Idea: Buy between $311-317 Current: $321.35 Stop: $302.55 Target: $355
An extract from this morning's pre-market client commentary: "Bidvest (BVT, 19004c) | The share printed a impressive/strong reversal candle which saw the pivot being held. I continue to highlight the descending channel in place since the peak on 18 August 2021. What we need to see now is the strong candle structure being sustained and eventually the descending...