LD_Perspectives

LD_Perspectives

LVMH has been good to me in in 2018. So far I've had two correct calls and I hoping that this would continue the positive trend. The sector has been hot however valuations are quite elevated. Also, these are pure bull market stocks which has a wealth effect on both the upside and downside. On Oct 9 we saw a breakdown on high volume while the recent uptick has...

LD_Perspectives Updated 

Judging by the candle structure, the move higher (from the "gap" close) on 11-October has been rather choppy, with the 50-day MA now acting a resistance level and starting to roll over. I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195. Trade levels: Short/Sell current levels at €206.40 SL:...

LD_Perspectives

Dear Trader The recent rebound in equity markets has seen safe-haven assets such as the Yen and Gold take a back seat in favour of risk assets such as the equity market, which globally, has "caught a bid" from oversold levels. From a technical perspective, most major indices have broken below the their (psychological) 200-day moving averages and are making an...

LD_Perspectives

Back in August I became cautious on the valuation of beauty and pharma retailer Clicks, suggesting that it was possible to "pay less". Since then we have seen the price tick lower, with a recent bounce back near the year-to-date highs. Looking at the bigger picture we may potentially be developing a head and shoulder formation, while the price also approaches an...

LD_Perspectives

I've pulled up the 120min chart and notice the previous 4-hour candle, which in my view, may be a short term flush of USDJPY shorts. The candle is large after an already big move lower from 114.50 to 111.65. This may signal a false break to the downside. I am monitoring the current candle for a sharp reversal higher i.e. (1) USD Strength over the next few...

LD_Perspectives

A quick update on some of the recent trade ideas published. JSE Top 40 Futures stopped out while traders who took the shorts the S&P500 and Nikkei 225 Futures as well as the FX pair Dollar / Yen walked away with gains.

LD_Perspectives

Key Drivers • Share price under pressure due to the deteriorating SA consumer environment. • From trading above R220 in March, we now trade near R170. • SPP is an SA retailer with rand hedge qualities (operates in UK and Europe). • Approaching technical support, with incline going back March 2014. • Testing prior breakout level. • RSI daily chart signals...

LD_Perspectives

Key Drivers • Share price under pressure due to poor consumer environment and below par results. • This has led to a share de-rating from R465 (previous short level) to below R250 (PE Ratio of 12.5x). • Long term there is potentially more downside . • Short term the share appears oversold and is trading near support. • RSI daily chart signals oversold...

LD_Perspectives Updated 

Time Frame: Short Term Chart: 15-min Anglo American Plc is building Falling Wedge formation, setting up a short term buy/long trade. Potential Buying Levels: Below R317.50 Stop-loss: R313.00 Take Profit Target: R328

LD_Perspectives

The "Dragon" as it is known is finding resistance at it's 200-day moving average, with the share during yesterday's session forming a bearish engulfing candle. The RSI has rolled over from an overbought level and is now pointing lower, signaling the potential start of downside momentum while the MACD has also given a bearish crossover. At current levels traders...

LD_Perspectives

With the US Dollar starting to show signs of a potential short term top as well as positioning of the Swiss Franc reflecting speculative shorts beginning to cover, I am looking at a short/sell on the Dollar vs Swiss Franc pair, which is signaling a slowdown in upward momentum. According to the 4-hour chart, the price is testing overhead horizontal as well as...

LD_Perspectives

With the potential for some USD weakness, Gold's weekly chart is showing signs of strength. Following a breaking just over a year ago (Aug-2017), we saw a consolidation which was followed by a rebound in the third week of Dec 2017. Over the last 7 to 8 weeks we have seen another consolidation taking place with a potential double bottom off the daily chart.

LD_Perspectives

I know some of you are bearish on retailers - and I agree with that. Besides the Rand which is swinging from bullish to bearish, their valuations remain high with earnings growth not matching up. Here's my updated technical take on the General Retail Index (J537) and well as individual overview of Mr Price. J537 The monthly chart sees the price testing a...

LD_Perspectives

While I think that there is a short bias on this pair, there are also opportunities to play the upside on an intraday/short time frame basis. The new trade agreement between the USA, Mexico and Canada has seen the pair decline from above 1.30 to below 1.2786. At current levels the price is breaching the downward trend line as per the 15-min chart. Traders could...

LD_Perspectives

The weekly chart sees the price continuing to trade in an upward trend going back to the first week of April 2018. While the price action remains strong, we are starting to see bearish divergence emerge as per the RSI while the MACD is showing (very) early signs of a bearish crossover. Would consider buying PUTS on SPY and VIX Calls. Markets remain very complacent.

LD_Perspectives

May-16 to Nov-17 saw "Three Falling Peaks" develop. During the month of August we saw a re-test of the underside of a long term top with the price now testing the incline support going back to May 2009. Valuation "attractive" but there may be better entries at lower levels. Caution on a break of the upward trend line. 50-month moving average starting to lose...

LD_Perspectives

Trade Idea Buy/Long EUR/USD Level 1.16243 S/L 1.15943 TP 1.16843 R/R 2 Risk 30 Reward 60

LD_Perspectives

Dear Trader This afternoon MTN Group is showing signs of a potential pullback in price following the bounce from just below the R70 level over the last ten trading days. As per the intraday chart, the price is looking to roll over, while the daily chart below sees the price at the prior breakdown level and testing the rising incline support. Fundamentally, there...