Peet_Serfontein

Peet_Serfontein

The black lines represent the likely price action that might unfold over the next couple of days. Always wait for the second price move to confirm before attempting to enter into a long position. Time to exit: +/- 1 October 2019

Peet_Serfontein

Momentum is the rate of acceleration of a share's price. Using the Coppock curve and price momentum calculate momentum over multiple time frames (daily, weekly, monthly).

Peet_Serfontein Updated 

Depending on what the rand will do within the next couple of days. Rounding top pattern might be unfolding (see the black pattern). Rounding top patterns may form at the end of an extended upward trend and this pattern may indicate a reversal in the long-term price movement. Wait for further bearish technical confirmation.

Peet_Serfontein

Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly). Divergence period used is 8 periods (Fibonacci number). Bearish divergence is when the price is making higher highs, while the indicator (RSI) is making lower lows. Indicates underlying weakness. Bulls are exhausted. Warning of a possible trend...

Peet_Serfontein

Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly). Divergence period used is 8 periods (Fibonacci number). Bullish divergence is when the price is making lower lows, while the indicator (RSI) is making higher lows. Indicates underlying strengths. Bears are exhausted. Warning of a possible trend...

Peet_Serfontein

Using the RSI to calculate overbought/oversold conditions over multiple time frames (daily, weekly, monthly) Will remain neutral on the share.

Peet_Serfontein Updated 

Symmetrical triangle in a previous uptrend is busy developing. such a pattern is regarded as a continuation pattern of the previous uptrend. Crossing above its 8-day simple moving average. First signal in the last 10 days. Crossing above its 20-day simple moving average. First signal in the last 20 days. Crossing above its 8-day linear regression line. First...

Peet_Serfontein Updated 

A conflux of technical indicators supporting a bearish bias: Lower peaks and lower troughs confirm a bearish trend direction. Crossed below its 8, 13, 21-day simple moving average. Bearish Heikin-Ashi trend. Bearish linear regression trend. Daily RSI around 41 leaving room for downward price potential. Time to exit: +/- 17 September 2019.

Peet_Serfontein Updated 

Typical M-Top pattern is busy unfolding - see the M-pattern on the chart. From my previous comment: August 23, 2019 Almost difficult to agree, but sometimes one must believe what the charts are telling. Market psychology! The red line is the upper two standard deviations range, highlighting an overextended price action to the upside. One can expect rand...

Peet_Serfontein Updated 

Improving bullish trend according to our proprietary technical scoring methodology. Broke above its 21-day simple moving average - first bullish break in the last 22 days. MACD bullish crossover (middle panel) - first bullish break in the last 38 days. ADX (lower panel) - giving an indication that the recent strong bearish trend might be ending. An early...

Peet_Serfontein Updated 

Crossing above its 13- and 21-day simple moving averages. First bullish crossing in the last 44 days! Bullish ParSAR crossing. First signal in the last 6 days. Crossing above its 8-day linear regression line. First crossing in the last 28 days! RSI on weekly chart is at a reading of 22. Oversold. RSI on monthly chart is at a reading of 39. Moderate oversold. RSI...

Peet_Serfontein

Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly). Divergence period used is 8 periods (Fibonacci number). Divergence is when the price is making higher highs, while the indicator ( RSI ) is making lower lows. Indicates underlying weakness. Bulls are exhausted. Warning of a possible trend direction...

Peet_Serfontein

Using the RSI to calculate bullish/bearish divergence conditions over multiple time frames (daily, weekly, monthly). Divergence period used is 8 periods (Fibonacci number). Divergence is when the price is making lower lows, while the indicator (RSI) is making higher lows. Indicates underlying strength. Bears are exhausted. Warning of a possible trend direction...

Peet_Serfontein

Using the RSI to calculate overbought/oversold conditions over multiple time frames (daily, weekly, monthly)

Peet_Serfontein

Using the RSI to calculate overbought/oversold conditions over multiple time frames (daily, weekly, monthly)

Peet_Serfontein

The strength of the recent price trends is supporting these shares. Calculated over multiple time frames (daily, weekly and monthly). Price momentum is the force behind these share prices that will assist them most likely to continue with the upward price trajectory. Momentum traders bet that the price of these shares is moving strongly upward and will continue to...

Peet_Serfontein

Bearish divergence: The price action is making higher highs, while the indicator (RSI) is making lower highs. Such a scenario indicates underlying weakness. Bulls are exhausted. Warning of a possible trend direction change from an uptrend to a downtrend. Wait for further bearish technical confirmation.

Peet_Serfontein Updated 

Idea whereby going Long ABG and simultaneously going short SBK. Market neutral trading strategy. A conflux of technical indicators supporting a bullish bias (ABG to outperform SBK) Crossing above its 50-day simple moving average. Testing its 200-day simple moving average. MACD bullish crossover - first of such a signal in the last 28 days. Bullish parabolic SAR...