LD_Perspectives

LD_Perspectives

With the US Dollar breaking down, we get a sense of direction for what the Euro might do over the medium term. A look at the monthly chart sees the price rebounding off the trend line support and potentially targeting the upper boundary of the channel going back to August 2006. This comes in at around 1.21 where we can expect to find resistance. In the short...

LD_Perspectives

British American Tobacco Monthly Chart View: Over the course of the last month, the price has tested the underside of the prior support level that saw a "three falling peaks" formation being developed. The price remains above the incline support of the lows going back to May 2009, however a break below this level may signal a long term change in trend. Long Term...

LD_Perspectives

The pair is printing a bearish engulfing candle on it's 15-Minute Chart. This level also coincides with the prior resistance level. Short/Sell AUDJPY at 80.085 Stop-loss: 80.160 Take Profit Target: 79.920 (165 pts)

LD_Perspectives

I know that the SA Construction Industry is probably the most hated sector however, yesterday we saw PPC bounce off the horizontal support level. Currently monitoring for the share to stabilize for a buy/long. _______________________________________________________________________________________ Please feel free to contact the Unum Trading desk for any Trading...

LD_Perspectives

On 29-Aug we saw a false break to the upside. The price has since pulled back to the rising support line going back to 02-April of which we are currently seeing a back-test. Year-to-date, we have also seen a large rising wedge pattern develop as well as a large channel. On a short term basis, we are seeing the price (today and yesterday's candle) consolidating and...

LD_Perspectives

I like what I am seeing on the Tencent ADR chart. The price has been knocked back as a result of fears around Chinese government regulation - but as you may know - I'm always up for a good reversal play. The stochastic is signaling a bullish crossover while the RSI is signaling a bullish divergence. Currently at $39.99, the price is extended well below it's...

LD_Perspectives

I think that looking at stocks that have been forgotten can often uncover substantial upside with attractive risk-to-reward ratios. General Motors currently trades at a 22-month support level after having been sold off from $44 to $33. You can also play the upside with minimal layout using call options. Buy at current levels : $34.38 Stop-loss: $32.80 Take...

LD_Perspectives

Big Blue has been one of laggards in the tech sectors. After years of innovation, performance has been lackluster. This has seen the share price under-perform as market participants seek higher growth counters. Technically we see the price attempting to break the downward trend line with the price also above the 20 and 50dma which is starting to turn up.

LD_Perspectives

Buy at current levels 1.09065 Stop-loss: 1.09010 Take Profit: 1.09300 Ascending triangle building. Buy.

LD_Perspectives

Daily Chart View: EU is a starting to consolidate in a healthy fashion. With the base having been built since May, we now see a bullish flag formation starting to take shape. A break to the upside sets up a target of 1.1720. 20-day moving average starting to flatten out and curl up.

LD_Perspectives

S&P500 VIX Futures have broken to the upside and breached the downward trend line in place since 2-April-2018. I am looking at the iPath VXX to take advantage of a potential upside move. With Gold also looking to break to the upside, this could provide an additional hedge.

LD_Perspectives

The share has pulled back sharply from to trade near support at R299. Short term opportunistic buy/long. Buy at R298.80 Stop-loss: 296.70 Take Profit: R312

LD_Perspectives

Nampak: NPK is starting to show healthy share price action and a willingness to make a change in the downward trend. Following the breakout we saw at the beginning of June, the price has been consolidating on the breakout level and developing a rounding formation (highlighted in blue). We are also seeing the 50 and 200-day moving averages being...

LD_Perspectives

Sanlam - Weekly Chart - The price is failing to regain it's position above the upward trend line/incline support. Another share vulnerable to lower levels (valuation slightly elevated).

LD_Perspectives

US Dollar Index Futures: The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with blue arrows. Remember, specs are quite long the greenback. Expecting a weaker USD.

LD_Perspectives

PPC continues to trade below the downward trend line in place following the break below the upward trend and double top formation that developed during the month of May. While the trend is lower, the RSI technical indicator points to early signs of a potential reversal with bullish divergence currently being seen. Monitoring.

LD_Perspectives

Current: 142.98 Chart: 60-Min Price starting to break downward trend line.

LD_Perspectives

Medium Term Buy/Long - Not sure if we'll get a pullback to around the $35/36 level but if we do, that could be an opportunity to buy in.