Peet_Serfontein

Peet_Serfontein

A price action above 5.50 supports a bullish trend direction. IFurther bullish confirmation for a break above 6.00. The target price is set at 6.50 (just below its 50% Fibonacci retracement level). The stop-loss price is set at 5.00. The 200-day simple moving average might act as major support. Remains a risky trade.

Peet_Serfontein

A price action above 25100 supports a bullish trend direction. Further bullish confirmation for a break above 25800. The target price is set at 26800 (its 23.6% Fibonacci retracement level). The stop-loss price is set at 24100 (its 78.6% retracement level). Testing its 200-day simple moving average, which might act as major support.

Peet_Serfontein

A price action above 640 supports a bullish trend direction. Increase long exposure for a break above 675. The target price is set at 714. The stop-loss price is set at 610. Notice how the 200-day and 200-week simple moving averages act as confluence support. Remains a risky trade.

Peet_Serfontein

A price action above 141 supports a bullish trend direction. Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level. The target price is set at 163 (its 78.6% Fibonacci retracement level). The stop-loss level is set at 129 (just below its 38.2% retracement level). It will appear that a falling wedge pattern is busy...

Peet_Serfontein

A price action above 56500 supports a bullish trend direction. Further bullish confirmation for a break above 58100. The first target price is set at 59800. The second target price is set at 62800. The stop-loss price is set at 55300. The 200-day simple moving average might act as major resistance. Remains a risky trade.

Peet_Serfontein

A price action above 0.6090 supports a bullish trend direction. Further bullish confirmation for a break above 0.6110. The target price is set at 0.6135 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 0.6070 (its 50% retracement level). The 200-day moving average is serving as a significant support level. Notice how the price action...

Peet_Serfontein

A price action above 82.00 supports a bullish trend direction. Bullish support for a break above 85.00. The target price is set at 88.00 (the upper range of the broadening top pattern). The stop-loss price is set at 80.00. Remains above its 200-day simple moving average. The broadening top pattern indicates a rise in the volatility factor.

Peet_Serfontein

A price action below 38.00 supports a bearish trend direction. Further bearish support for a break below 38.00 as well. The target price is set at 35.00 (its 61.8% Fibonacci retracement). The stop-loss is set at 40.00 (close to its 200-day simple moving average). A double top pattern or M-Top pattern might unfold. Remains a risky trade.

Peet_Serfontein

A price action below 93.00 supports a bearish trend direction. Crossing below 92.00 will strengthen the case for a further decline. The target price is set at 88.00. The stop-loss price is set at 97.00. The MACD (lower panel) highlight a bearish crossover that will support a change in sentiment from bullish to bearish. Remains a risky trade.

Peet_Serfontein

A price action below 371.00 supports a bearish trend direction. Increase short exposure for a break below 367.00. The target prices are set at 357.00 and 351.00. The stop-loss is set at 380.00. Breaking down the 23.6% Fibonacci retracement at 361.00 might trigger such downside potential.

Peet_Serfontein

A price action above 340 supports a bullish trend direction. Bullish confirmation for a break above 354.00. The target price is set at 397.00. The stop-loss price is set at 322 (its 50% Fibonacci retracement level). Breaking above its 200-day might trigger further upside potential. Remains a risky trade.

Peet_Serfontein

A price action above 10900 supports a bullish trend direction. Further bullish confirmation for a break above 11200. The target price is set at 11700. The stop-loss price is set at 10400. Remains above its 200-day simple moving average, supporting a bullish underlying trend. The share appears to be in a mark-up phase out if the market cycle analysis. Such a...

Peet_Serfontein

Remains a very risky trade. The insert is the angle of the trend since the start of 2023. The last part of the price action crossed above the angle trend line, hinting at a possible counter-testing. Furthermore, a price action above 6800 supports such a bullish trend. Further bullish confirmation for a break above 7300. The target price is set at 7900 (its 50%...

Peet_Serfontein

A price action above 13900 supports a bullish trend direction. Increase exposure for a break above 14600. The target price is set at 15600. The stop-loss price is set at 1300. Crossing above the 38,2% Fibonacci retracement level might support the bullish price action. The MACD bullish crossover (see the lower panel) might support the bullish underlying trend. ...

Peet_Serfontein

A price action above 34.00 supports a bullish trend direction. Increase long exposure for a break above 36.00. The target price is set at 40.00 (its 61.8% Fibonacci retracement level). The stop-loss price is set at 34.00. A potential bullish flag pattern is busy developing. Remaining above both its 200-day and 200-week simple moving average supports a bullish...

Peet_Serfontein

A price action above 141.00 supports a bullish trend direction. The stock recently bounced from its 200-day simple moving average. Increase long exposure for a break above 147.00. The target price is set at 161.00. The stop-loss price is set at 135.00. The start of upside price momentum supports the bullish underlying trend.

Peet_Serfontein

A price action above 1210 supports a bullish trend direction. Increase long exposure for a break above 1230. The target price is set at 1270 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 1160 (its 23.6% retracement). The waterfall effect of breaking the 200-day and 2-week will act as major support for the bullish underlying trend.

Peet_Serfontein

A price action above 23.00 supports a bullish trend direction. The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level. The target price is set at 24.50. The stop-loss price is set at 22.50. Ideal win/loss ratio.