LD_Perspectives

LD_Perspectives

The price action for the shares of beauty and pharma retailer Clicks has, in my view, been uninspiring. Despite trading near all time highs, it appears that there are pretty aggressive seller capping gains around the 217 to 218 level. That is to be understood considering the fundamental valuation which sees the share command a 33 price-to-earnings ratio, which is...

LD_Perspectives

INL has retraced sharply from resistance level identified on 20 Sept, primarily on the back of the an update from the company indicating higher costs associated with: - management actions taken to simplify the business (spinning out of IAM) - weaker investment banking performance in the UK - uncertainties caused by Brexit, - weaker corporate environment in...

LD_Perspectives

Dear Trader Hospital group Mediclinic International plc has retraced from above 6700c to re-test it's 200-day simple moving average. In addition, the price could potentially trade closer to the trend line support going back to 25 June, presenting an opportunity to purchase with a view that we see a price rebound. Traders could add the share to their watchlist and...

LD_Perspectives

Trading Plan: Buy JSE Top 40 Spot Index at current level (48232) or better Use a stop-loss of 47970 to protect capital Take profit at or near 48750 Published for clients at 11:15am, 02 October 2019

LD_Perspectives

We managed to see a good run on our previous Natural Gas trade idea. From $2.12, the price exceeded our expectations, going on to test $2.70 in about six weeks. Now, we see the price retreating to test the 50-day moving average which is also just above the 61.8% Fibonacci Retracement Level. If you've missed the previous trade, the current level provides an...

LD_Perspectives

Global Safe-Haven Index (SHIX): Our risk indicator has been enhanced with the inclusion of four new factors, which takes the total inputs to eight. They now include: 1. Gold Futures 2. TLT ETF (Bonds) 3. Japanese Currency Index 4. Swiss Currency Index 5. S&P Low Volatilty ETF 6. iShares Emerging Markets ETF (Inverse) 7. USDKRW (US Dollar / Korean Won) -...

LD_Perspectives

On Friday we saw the Rand close above the key psychological R15 to the Dollar, having tested it’s weakest level in nearly a month at 15.19 on an intraday basis. The candle structure (large green candles) point to buying buying pressure, while the price remains above the upward trending near term 8 and 13 exponential moving averages. Strong support for the US...

LD_Perspectives

Buy/Long EXX at current levels of 13390c or lower Stop-loss: 13000c Take Profit Target: 14200c Trade Type: Medium Term CFD

LD_Perspectives

Short/Sell GFI at current levels 8255c or higher Stop-loss: 8490c Take Profit Target: 7780c Trade Type: Short TERM CFD Time of Idea: 15:44pm, 26 September 2019

LD_Perspectives

Buy/Long SBK at current levels 17653c or better Stop-loss: 17400c Take Profit Target: 18150c

LD_Perspectives

Buy/Long TBS at current levels 21207c or better Stop-loss: 20920c Take Profit Target: 21850c

LD_Perspectives

Dear Trader Globally, the internet streaming wars have been heating up and the emergence of new entrants has seen established players take some heat as the potential for profit margins to become squeezed becomes all the more likely. Here I am referring to market leader Netflix which has seen it's share price come under pressure since it's last set of results in...

LD_Perspectives

Buy: 4616c or better SL: 4300c TP: 5000c

LD_Perspectives

We originally flagged this share during the third week of August just above 4800c. It traded just above 5800c last week as the company bought back shares. Currently the price is breaking below it's short term upward channel. Keep your eye on 5040c as a fresh accumulation zone.

LD_Perspectives

The share has rallied strongly from the double bottom breakout at 18000c however is now trading in a consolidation range around it's flat 200-day moving average 19887c. Typically, we would see a share break above the MA before turning lower. This may very well be the case with BVT as a downside "gap" of 19293c may potentially be closed, acting as a short term...

LD_Perspectives

Brent Crude Oil - On 28-August, I alluded to the potential upside for Brent Crude Oil. Since the we have seen the technical thesis supported by supply disruptions in the Middle East. The price has broken to the upside of the channel formation and has since retreated to find support on the 200-day simple moving average (sma) as well as re-testing top of channel....

LD_Perspectives

Palladium currently trades at the key psychological overhead resistance of 1600 with the RSI signaling bearish divergence, meaning, the price makes a higher higher however this is not confirmed by a higher high on the RSI. Traders should take caution around current levels.

LD_Perspectives

Short/Sell at current levels 21725c or higher Stop-loss: 22200c Take Profit Target: 21000c Key Technical Drivers: In upward trend for 16 sessions; Trading near resistance; Rand/Oil Price higher which is negative for retailers.