Mike1North

Mike1North

Please see chart for summary of technical analysis. My overall sentiment towards Tigerbrands, is that the share price is not accurately reflecting the Fundamentals of the company. Considering the "Net Profit Margin" & "Return on Equity" have remained positive for the past 5 years, alongside other Valuation metrics such as the "Return on Capital Employed" staying...

Mike1North

Analysis of the 2h "short-term" chart, indicates a push toward $52k. - The 13 Period RSI is climbing steadily & is above 50. - The Awesome oscillator has highlighted "Bullish" momentum, confirming the RSI reading. - Using a (55/144) MA Cross pair (both Fibonacci numbers). I'm inclined to believe that prices will retest $52k or $51,5k. Furthermore it would be...

Mike1North

Taking a brief look at WHL, it appears that the price is holding support at slightly above R52.00. The MACD is showing imminent signs of a Bullish crossover, after a short retracement. I would ultimately like to see a close above R54.65 for confirmation of what already looks to be a Short/Mid term Bullish trend. A fall (close) below R52.00 would likely see...

Mike1North

Having a look at the 30 Min short-term chart, it's encouraging to see some Positive Price Divergence. That is, the Relative Strength Index (Indicator) is travelling in the opposite direction to the price. My guess is that the price may look to eventually retrace to it's Volume Weighted Average Price (HLC/3) at around the R2566.40 level. While it may not be a...

Mike1North

After an initial confirmation of Positive Divergence, (Price Lows / Indicator Highs), and following a brief recovery from low RSI Levels, $ADA appears to be forming a "Bullish Pennant" Pattern on the 1 Hour (Short-Term) Timeframe.

Mike1North Updated 

Having a look at the Weekly Chart of the USD/ZAR, one met get the idea that the whole "US Dollar Weakness" theme is fading. The last few weeks have shown the Rands resilience against the Dollar, however this is once again being put to the test. With commodity prices have seemingly had their "heyday", emerging market currencies (such as the Rand) may begin to...

Mike1North

It's no secret that the Rand has been weakened against the US Greenback. Markets, however, are generally quick to price-in any influential factors, & they do so vigorously. Having a look at the 30 Min (Short-Term) Trend, one might get the impression that "The Top is in". By highlighting the Peaks & Troughs & assigning their corresponding Relative Strength values,...

Mike1North Updated 

Massmart is currently trading in an Overbought Area of the RSI. I would look to enter a very short-term trade on the share, but keep an eye on it. Hold while the RSI is pointing upward, but close any profitable position if the RSI begins to fall. Wait for the Aroon Down Indicator to turn downward to confirm an entry. The premise of the trade idea is based on a...

Mike1North

I stumbled across the Hammerson PLC chart this morning. After some doodling around a bit, I'm pretty convinced there is "Falling Wedge Pattern" that has emerged. I would be lying if I'd said I have done any fundamental research on HMN, other than having a look at some of their latest SENS articles (to make sure there are no gremlins lurking). I did however...

Mike1North

HCI is currently trading well above it's 40 week SMA. The average is up, and the MACD doesn't indicate any divergence. (Momentum remains intact). I feel prices could look to reclaim the R89.50 mark, which was previously a somewhat temporary support. Overall the chart lacks any immediate "Bearish" indication of a reversal. This is currently one good looking chart.

Mike1North

This is a curious chart. I guess what strikes me is the shares performance over the MRQ. All signs currently point toward a recovery to the Volume Weighted Average Price (since making it's previous highs). The Ichimoku Cloud is the only clue as to whether or not prices may find resistance, however I feel there may just be one last push toward the Fib 0.618 or...

Mike1North

I'm quite the advocate of using Support & Resistance Levels analyse price action. Here I have used the Parabolic SAR to identify Period High & Low prices, then I plotted the Fibonacci Retracement. There appears to be a move higher away from the Volume Weighted Average Price, suggesting to me that investors are Bullish on the future prospects of this share. That...

Mike1North

Using the Parabolic SAR to identify the period High & Low prices, I simply used a Fibonacci Retracement to help further identify historical Support & Resistance Levels. Furthermore, as indicated on the chart, by using a Volume profile between the High/Low prices, the 41c level seemed to present itself as most prevalent. Price currently seems somewhat subdued...