Peet_Serfontein

Peet_Serfontein Updated 

Improving bearish trend according to our proprietary technical scoring methodology over the last couple of days. Lower highs confirming an overall bearish bias. Bearish crossover on its 8-day simple moving average. First of such a signal in the last 7 days. Bearish crossover on its 13-day simple moving average. First of such a signal in the last 25 days. Bearish...

Peet_Serfontein Updated 

Recently retracted from its lower Bollinger band range. Testing its 21-day simple moving average. A break will be the first bullish signal in the last 34 days. Recent MACD bullish crossover supports a change in trend direction. First such a signal in the last 14 days. Upward momentum starting to support the bullish trend direction. Heikin-Ashi bullish trend...

Peet_Serfontein Updated 

Lower Bollinger Band crossover with an indication of low volatility. Keep in mind that the best technical breaks usually developed from periods of low volatility. Bearish MACD crossover below the zero-line. Decreasing trajectory on the OBV - money is leaving the share. The only concern is the RSI oversold territory which is around 11125, leaving limited downside...

Peet_Serfontein

Cyclic lines are the repeating vertical lines and will appear equidistant apart and will appear indefinitely into the future. As time goes on, the vertical lines will keep appearing and will always have the same amount of space between them. Coincident that the tops and bottoms almost repeat at these vertical lines or intervals? Might there be upside potential...

Peet_Serfontein

Investing idea. Time to exit +/- August 2020. Is the share finding support around 49.65 which is its 200-month simple moving average? The share recently crossed above its 8-month simple moving average. First signal in 8 months and an early indication that internal strength is developing within the share. Bullish Heikin-Ashi trend change. First signal in the last 7...

Peet_Serfontein Updated 

A conflux of technical indicators supporting a bullish bias. The blue line on the main chart is the lower two standard deviation range. Increasing probability for mean reversion. Breaking its 8-day simple moving average. First signal in the last 21 days. Breaking its 21-day simple moving average. First signal in the last 19 days. MACD bullish crossover. First...

Peet_Serfontein Updated 

Investing idea. Improving proprietary bullish scoring over the last couple of days. Overall trend indication switched to moderate bullish. A conflux of technical indicators supporting a bullish bias: Crossing above its 8-week simple moving average. Crossing above its 21-week simple moving average. MACD bullish crossover. Crossing above its MACD zero...

Peet_Serfontein Updated 

TKG remains in the third-best sector based on rotational analysis. “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” William O’Neil. Improving technical scoring according to our proprietary scoring methodology, supporting a bullish bias. A conflux of technical indicators supporting a bullish...

Peet_Serfontein

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 strength. Upper two standard deviation is also giving a lead to mean reversion. Improving rand bullish trend over the last...

Peet_Serfontein Updated 

A conflux of Technical Indicators supporting a bullish bias: Breaking above its 8-day simple moving average. A hint of potential internal strength developing. First such a signal in the last 16 days. Trend change to bullish according to Parabolic SAR. First such a signal in the last 14 days. Close being in RSI oversold territory. One can expect some correction -...