RobbyP

RobbyP

The stock has become over-bought rather quickly thanks to the recent rally. The rising price has taken the stock right back up to a rather strong resistance line that developed during that horrible May price plunge. So what we are seeing now is a price that is over-bought at resistance...that is a sell signal. Here's the levels I've got in for my clients Sell...

RobbyP

MRP has managed to close the previous gap established in June. It is looking a bit "tired" and over-bought now and upward momentum is slowing. Today's weakening of the Rand should put pressure on the stock and be the catalyst for the next move lower. My "projected move indicated on the chart takes the price down to around R226.00 where is meets it's "new" immature...

RobbyP

With Asia trading higher this morning, KIO is holding up okayish but we could very well see the stock trade higher to close that "dividend gap". I also think there is a good probability that the price could make an attempt at the upper band of the more medium term sideways channel. I almost want to say the next "dip" can be bought...

RobbyP

Aspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band.I make entry at around 27500

RobbyP

Aspen is approaching the upper band of this sideways channel. This looks like quite strong resistance, so i would be looking to go short up there to again target the lower band... I make entry at around 27500

RobbyP

The market did settle somewhat and after three days of pain, Barloworld's price has come down to settle at what looks like a decent support level. Look, the market has been extremely volatile but we have seen some positive sentiment coming out of the Asian trade yesterday. I'm hoping we get some follow through in the next week or so. The technicals; Apart from...