LD_Perspectives

LD_Perspectives Updated 

Have you been to your local mall this holiday period? Me? Not that much, so I am looking to the charts to try and determine whether or not South African retailers are going to report good results or whether the weak local and global backdrop will have an influence on trading conditions. Last week I posted about TFG looking vulnerable on a medium to long term...

LD_Perspectives

I have been bearish on SA Retailers since March 2018 at the height of Rand strength which was strongly influenced by "Ramaphoria". Short ideas at the time included: JSE:MRP at R286 JSE:MSM at R173 JSE:SHP at R255 This morning JSE:MRP is out with a trading update which may not sit well with the market. Group Sales flat, with Mr Price Apparel segment facing...

LD_Perspectives

Discovery (DSY) 15341c - approaching a level of interest/potential technical distribution zone. At an 18 price earnings ratio, the shares appear elevated however the growth profile would attract the rating. Recently shares have benefit as markets have ticked higher however we have seen director instituting protection structures to limit downside while capping...

LD_Perspectives

- 20 EMA starting to turn up slightly. - RSI firming up. - MACD pending center line cross. - VOD pending breakout. - MTN bear flag building.

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- 10.9x PE DY 9% - Back testing breakout level, watch 2010/2040c as a short term accumulation zone.

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- Falling wedge has broken out and is nearing top of wedge. - Incline from January was also breached and is now back-testing. - Downward resistance from 04 October peak also being tested. - Now $73.03, expecting some resistance and potential bearish reversal here.

LD_Perspectives

Japanese Currency Index (JXY): As a measure of risk, the Yen is often considered a safe-haven. Over the longer term the price is nearing a breakout, highlighting the potential for a global‘risk-off’ scenario. In the short term and from a trading time frame perspective a print around 92.50 may signal a 'short term' bottom in equities. Medium to longer term,...

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J210 v J537: Relative to the General Retail Sector (J537), the JSE Resources Index (J210) has been an under-performer. On 30-April we saw the incline support going back to November 2018 being breached while the technical indicators show strong downside momentum (daily chart). Relative to prior periods (Nov-2017 and Oct-2018) the price has lost it’s 50-day moving...

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Sasol ADR (NY): Taking a step back, I’m once again having a look at Sasol’s US listing. At current levels, the share trades just above a 3-year incline support that appears to be a part of bigger bear flag formation that had been in development since the share made a ‘final’ peak in September 2014. It should also be noted that the 200-month moving average, which...

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Cross Sector Positioning: JSE Food Producers (J357) vs JSE Platinum and Precious Metals (J153) - A chart I previously highlighted. On Friday we saw the downward trend line going back to 15 August 2018 being breached. This follows a base that has been building since 27 February that took the shape of a head and shoulder formation. Adding to the bullish setup is the...

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Tencent: Medium Term Technical Analysis HKEX:700 A review of the weekly chart sees the price respecting three (3) trend line resistance levels: 1. Going back to March 2014 2. The underside of the incline support going back to February 2016, which is also a sharp back-test of the prior breakdown. 3. The incline support going back to October 2018. It should...

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TP: 9.84 Simultaneously losing the 20-day and 50-day MAs. FX_IDC:AUDZAR

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Buy/Long ⏫ Current Chart Level: 1.2984 Buy Stop: 1.2990 Stop-loss: 1.2954 (-30) Take Profit Target: 1.3065 (+81) Chart Time Frame (View) 2-hour Please note: daily chart view sees share breaking to downside of bear flag.

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Buy at current levels (8794c) or better Stop-loss: 7900c Take Profit Target: 10800c

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Dear Trader As a proxy for global equity markets, life assurance company Sanlam (SLM) has managed to hold onto share price gains despite the lackluster local economic outlook as well as the subdued global macroeconomic backdrop. Despite China also having released 'fair' economic data, global equities across the board on Thursday trade slightly lower while the US...

LD_Perspectives

NASDAQ:LYFT Levels: Entry: $58.55 SL: $56.05 TP: $66.00

LD_Perspectives Updated 

Standard Bank: This idea goes against my typical strategy to buy low and sell high as well as my long term outlook on SA Banks which has a bearish tilt. That being said, SBK’s share price has started to consolidated above the 200-day moving average and seems to be eyeing the resistance zone of 19771c. What has struck me today was the following: while the low of...

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Impala Platinum: 'Money Flow' indicators suggest short term outflows for the share. Specifically, the trend line support going back to 26-Oct-2018 has been breached. Price possibly over-extended in the ST, trading 92% above it's 200-day moving average. RSI also at risk of breaking down. Would wait for a deep pullback to re-enter if you are looking for a long...