Short/Sell Idea The price is testing and reversing at upper boundary of 9-month channel. Short at current levels: €10.95 SL: €11.70 TP: €9.20
Along with the overall market, Netflix has rebounded strongly since late December 2018, appreciating from $233 to it’s last close of $339. The recent swing highs saw the price test the overhead resistance while also re-testing the underside of it’s 200-day moving average. The rebound saw the share trade in oversold territory, has since given a small pullback and...
Following a strong year-to-date rebound, the share price of DAX-listed Sportswear and leisurewear giant Adidas may be vulnerable to a lapse of support as it re-tests it’s breakdown level as well as the overhead resistance going back to it’s all-time high peak of €218 on 28 August 2018. At it’s last close of €207.07, the price is starting to roll over from...
Option Type: Put Strike: $37.50 Expiry: 21 June 2019 Premium: $1.32 Underlying: $43.50 AMEX:EWZ
Breaking above 5/10 EMA (bullish cross) as well as trend line(overhead) resistance. Entry: $25.62 SL: 24.70 TP: 28.00 NYSE:M
Consolidating for a new leg higher, a break above 180.73 opens up 188.60, followed by 192.00 SL: 176.00 NYSE:HD
Failing at Resistance With A Bearish Engulfing Candle: The second one in just over a week. Telecom shares under pressure. Upward trend line yet to be broken however do we always wait for a break if fundamental evidence emerges and the technical start to show evidence of weakness? No. This one appears to be under some selling pressure and may just tick a lower...
MEI is starting to show signs of life again: - Breaking above the 'arch' - Crossing the (short term) 5/20-day MA on the upside - RSI breaking out - Pricing starting to make higher lows Remains a short term buy below R60.00 I would use a stop-loss of 57.50, and TP of 68.00
'Breakout Gap' has been closed, now finding support. RSI may break out again before the price does - that would be an early bullish signal. Current Level: 148.70 SL: 143.00 TP: 166.00
Entry: 109.63 TP: 109.15 SL: 109.82
Absa Group has recently had a solid run, supported by a stronger South African Rand. Now we are seeing the share price run into short term horizontal and channel resistance levels, one that may halt it's advance. The RSI is the most overbought since February 2018 and recently traded above the 70 level while the stochastic indicator prints in a distribution zone....
- 4hr USDZAR is signaling a potential bullish reversal. - RSI bullish divergence and pending trend line breakout - Should we see ZAR weakness emerge, this may be negative for the SA Inc shares (e.g. the banking sector) which has advanced strongly in recent sessions. - On the upside, rand hedges should find support.
A quick observation on WHL. Despite better than expected retail sales in SA today, WHL is printing a bearish flag formation as well as under-performing it's peer group. A breakdown of the flag targets 5090c. JSE:WHL
Following a stellar multi-year run which commenced in November 2008 and where the share price appreciated from RUB360 to a high of RUB12944, Magnit's share price was seen under massive pressure, trading near six-year lows. Technically, the current level of 3957 (or below 4200) presents an attractive risk/reward on a medium-term basis. Since September we saw 3800...
At current levels, Anglo American Platinum appears vulnerable to a bearish reversal. Since 13-December we aw the R550 level act as a resistance in what appears to have been a key selling level. Over the past three trading sessions (11, 14 & 15 January), the price gave a false break on the upside while today we see a pullback below the R550 level. We also note the...
Short Setup confirmed by: - RSI incline breakdown - Momentum indicator breakdown - Price retreating at resistance Trading Levels: Short at 4941c SL: 5140 TP: 4340
Interesting candle today on Absa Group (R169.56), potential short setup? - Momentum waning - Price at swing high - Price nearing channel resistance