LD_Perspectives

LD_Perspectives

There appears to be no end in sight for the protests in Hong Kong, a major market for luxury goods, specifically timepieces. In addition Macau gaming revenue is down by 8.6% for August which means that gamers are taking less risk. This, combined with a strengthening Rand, has seen Richemont give up some of it's recent gains. Today's the price is breaking down from...

LD_Perspectives

Pairs Trading: A pairs trade is a trading strategy that involves matching a long position with a short position in two instruments (stocks, commodities, inidces etc) with a high correlation. It is a market neutral trading strategy enabling traders to profit from virtually any market conditions: uptrend, downtrend, or sideways movement. The strategy monitors...

LD_Perspectives

Old Mutual: The group's share have been battered recently declining from 2200c to a low of 1728c. Now I don't know if it's the legal proceedings between the board and CEO that has caused the drop or if it's just the weakness in equity markets. Technically, the price appears to be finding a bottom having regained the 1753c zone. At current levels, it may be worth...

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Tiger Brands: For just over six weeks, TBS has traded in a downward channel however the RSI technical indicator has started to flash by breaking through it's declining overhead resistance. I regard this an as "early signal" for potential price strength. The price currently around 20771, is extended quite a way below it's 200-day moving average and could revert to...

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The share price of Telkom has breached the neckline of large head and shoulder technical formation. Typically, a break is followed by a re-test of the neckline or breakdown level and/or major moving average such as a the EMA20 and SMA50. At current levels, the price is finding support on it's 200-day moving average and may be a worth buy for a short term...

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Since June, the share price of Nepi Rockcastle has faced resistance around the R134 level, with each test being met with sellers stepping up. This consolidation has also seen the price develop an ascending triangle formation suggesting that buyers remain interested in accumulating the share. Today, we are seeing the price attempting to break above the overhead...

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Netcare Ltd (NTC) is signaling potential for a short term recovery. Yesterday we saw the price test it's downward trend line resistance while the RSI gave an early signal, having broken resistance going back to March. At current levels or better (R15.73) I see an opportunity to take a buy/long, using a stop-loss of R14.95 and Take Profit Target of R16.90.

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Coronation Fund Managers (CML) has seen it's RSI break up over the last few days, offering an early signal of strength and the potential for a short term recovery. Here, buy around current levels or better (4149c), using a stop-loss of 4030c and a take profit target of 4390c.

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Dear Trader FMCG Group AVI has always been a market leader, with management lauded for their strong capital allocation skills and producing some of the best fundamental metrics over the long term. Recently the price has taken a knock (along most retailers) from a peak of around R96 to its recent low of R79.39. The price currently trades at the lower boundary...

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TFG has been knocked pretty hard recently. The last few sessions has seen the price attempting to stabilize with the downward trend line being breached yesterday. The RSI is attempting to moving out of oversold territory with the price is extended well below it's 50 and 200-day moving averages. Could we see a short term rebound? The first resistance comes in...

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Buy/Long JSE Ltd Stochastic indicator pointing to a short term recovery. Price has held the R118 to R120 support level and looks to be lifting off it. Trading Levels: Buy JSE Ltd at 121.50 (or better) Stop-loss: 116.70 Take Profit Target: 128.00

LD_Perspectives

Buy/Long JSE Ltd Stochastic indicator pointing to a short term recovery. Price has held the R118 to R120 support level and looks to be lifting off it. Trading Levels: Buy JSE Ltd at 121.50 (or better) Stop-loss: 116.70 Take Profit Target: 128.00

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Short/Sell Harmony Gold (HAR): Relative Strength Index Printing a bearish divergence from an overbought level Extended 89% above it's 200-day moving average Stochastic trading at an overbought level Trading Levels: Sell HAR at 5453c (or better) Stop-loss: 5890c Take Profit Target: 4750c

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60-min chart: Price breaking below channel support, potentially setting up a bear flag. This coincides with a rejection of the hourly 200-simple moving average. Further confirmation is weakness below 7470c. Support and possible target of around at 7089c to 7160c. JSE:IMP

LD_Perspectives

60-Min Chart - Potential Double Top Formation (Price Failing) - Incline support is being breached. - A break below 322.00 and we could see 309.20 and 303.00 act as targets. - Additional confirmation of downside potential would be a break of the RSI incline support (currently taking place).

LD_Perspectives

I may be slightly early here, but I think we may be seeing a falling wedge be developed on Brent Crude Oil. We are about 75% of the way in and with a medium term view, we could see some upside for the commodity provide the price action remains on track.

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FB is breaking below it's 26 December incline support trend line, suggesting a medium term trend change is underway. Bulls might argue we have a triple bottom but I do think that the price action still remains weak. A break below $178.60 opens up $163 to $160 as a target.

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The daily chart for JNJ is potential printing a bearish continuation pattern where traders could look to take advantage of the downside on: 1. A break below 130.35 or, 2. A break below the incline support of the pennant. A print and close below these levels could see the share test the prior swing lows of $120.96