LD_Perspectives

LD_Perspectives

+MTN/-Telkom: Pairs Trade Idea. The pair is at 2006 levels. The weekly chart sees the Relative Strength Index attempting to regain bullish territory. Daily Chart sees a pending break of the 50/20/10 EMA’s while the RSI is also attempting to regain it’s bullish territory.

LD_Perspectives

MTN Group: Zooming out to the daily chart, the share trades just above the resistance level that has been in place since 30 August 2018. What we’re now starting to see is a short term consolidation with the potential for a break of the downward trend line that has been in place since 13 March. At current levels, the price trades just above the 50-day moving...

LD_Perspectives

Medium term momentum run possible for this counter. Key resistance levels breached: downward trend lines as well as the 50/21/8 MA’s. In addition the share is also regaining it’s 200-day moving average. Equity portfolio idea. Time frame: 2-6 months. Stop-loss: $30.50. Take Profit Target: $41.00. Current: ~$34.92.

LD_Perspectives

Astral Foods: Our last call on ARL (from 14350c on 28/01) saw the share make an immediate advance toward the target of 16000c. Since then, we have seen the share price test year-to-date highs of 17923c which is being followed by a short term consolidation. My next course of action is to monitor whether the price retraces to near the incline support or at least at...

LD_Perspectives

The share continues to trade in a sideways to downward channel, offering opportunities to participate on both the long (buy) and short (sell) side. At currently levels, the candle structure and moving averages suggest a move toward the lower boundary of the channel, and an opportunity to take a buy/log position below 10900c, using a stop-loss of 10650c and take...

LD_Perspectives

Over the last 14 trading sessions, the price has failed to break above the 14.55 resistance level while we have also seen volatility expand, with the price making a 2-week low. A observation of the ‘money flow’ suggests that the selling pressure is slowly escalating, opening up the potential for lower levels on the pair (testing of 200-day at 14.08 is possible...

LD_Perspectives

Yesterday morning we closed a short term trade on BTI for a profit however I believe that there may be another opportunity to re-enter the trade should certain levels be emerge. The last close was at 57987c however should we see a print back above 59500c, traders could look to once again short/sell in anticipation of a continuation of the short term downward...

LD_Perspectives

Year to date, WHL has traded in a downward trend with the price now nearing the lower boundary of a channel that stretches back to November 2015. A analysis of the volume flows suggest that while price is trending lower, buyers are using the opportunity to close accumulate share. Yesterday we saw the share closed at 4400c, however there may be lower print before...

LD_Perspectives

Dear Trader Following a stellar performance over the last six months, platinum shares appear to be in the early stages of a short term slowdown in upward momentum. Specifically, Impala Platinum is reflecting the following technical characteristics that suggest a short term bearish reversal is at hand. - Bearish engulfing candle for today (12-03-2019) - Double...

LD_Perspectives

Kap Industrial Holdings (KAP): The price has declined from 900c since the beginning of February and has formed a falling wedge/channel which has seen the price trade near horizontal support. Should we see sub-750 being tested, traders could use the opportunity to accumulate the share, for a potential 'buy-the-dip' and reversal. Trade Levels Buy KAP below...

LD_Perspectives

Recently, traders who participated in the BAW trade benefited from the sharp run-up in the share with the price which made an explosive move from 11803c to 13536c - a 14.6% appreciation over three trading sessions. While the same result may not be achieved, I believe a short term range still exists between sub-12250c (buy) and 12900c (sell). Here a stop-loss of...

LD_Perspectives

Woolworths has come under pressure as concerns over it's Australian operations mount. In addition, board resignations, sluggish results and a dim outlook seen this once 'market darling' experience continuous selling pressure. In the short term, the share is down from 5800c to just below 4500c. Technically, the Momentum indicator is printing a bullish divergence...

LD_Perspectives

Resilient (RES): Has formed a 12-month base in the form of an inverse H&S. Price trend is starting to turn positive (above 50&200d). Price is supported by trend line going back to Aug 2018 and the green shaded area is where one could start to accumulate. Inverse H&S will be triggered above 6750c where one could add into strength. The price has recently moved back...

LD_Perspectives

The telecommunications sector is fraught with pressures (lack of strong revenue growth, regulation, consumer, price cuts). Continual investment into it's networks also sees capex rising albeit cash flows are stable. VOD (115.96) has been under pressure since it's last trading update, declining from a peak of 136 to it's recent lows of 111. The recent price action...

LD_Perspectives

Mediclinc International Plc (5776c): While the price is often the first thing that catches our attention, this time the RSI stands out as an early indicator of potentially bullish activity. At current levels it is the highest (55) since October 2018 (when the price closed at 8900c) and while we do not advise traders to pre-empt a move, taking one's cue from an...

LD_Perspectives

DB has the potential to advance from current levels. The key drivers are as follows: - Bull flag breakout - Bullish Engulfing Candle formation seen on 14-Feb-2019. - RSI attempting a breakout - Momentum indicator turning up - 20-day EMA being regained Current levels: €7.75 Stop-loss: €7.25 Take Profit Target: €8.93 NYSE:DB XETR:DBK

LD_Perspectives

The technical setup and trading action for Aspen Pharmacare is signaling that it is willing to make further price advances. Yesterday, we received additional confirmation of this as the share traded in the low R140s before closing the session at 146.20 (+1.18%). The R139 to R141 level has been a fairly strong support zone while the share is also currently making...

LD_Perspectives Updated 

I've always viewed Richemont as a bull market stock. What do I mean? Well, when the ultra-wealthy look at their portfolio and see green, what better way is there to spend those after-tax gains on a fancy piece of jewelry? Similarly, red on their screen could see them refrain from stepping out and making a luxury purchase. This is where luxury stocks fit in. Over...