RobbyP

RobbyP

It was announced yesterday that government will be dropping import tariffs on poultry for a period of 12 months to help fight the rising cost of chicken. Let's not forget, that the tariffs were put in place to protect local producers against cheaper imports. The latest development leaves them with very little to no place to hide. I suspect our local producers like...

RobbyP

If this was a wall, the writing is on it. Very choppy trading and often rallying for no reason, the stock has steadily managed to break every kind of support level and indicator. Their earnings were "meh" and we can clearly see that sentiment on the stock has all but soured. I cannot see any reason to hold this stock, both technically or fundamentally, so we may...

RobbyP Updated 

I'm not much of a FX trader but this set up just looks like the Rand is about to make another run at resistance and then I think we are setting up for a little "blow out". Possibly R17.00/$. I would take a punt here and buy the Dollar for tat at least the first move to R16.30/$.

RobbyP

The Top40 is precariously clutching to support, but as I see it, a breach of 59000 opens the door for another 4000 points downside. This chart just looks sick right now. I'd be selling here until I'm convinced otherwise. People who pick bottoms only end up with smelly fingers...

RobbyP

Oil coming under pressure, especially over the last two days. Having properly broken the 50 Day Moving average, this move is bearish enough to assume a test of "new" support at around $99.00/$100.00 per barrel. Momentum indicators are all looking extremely weak and tired so not only does this signal some relief for consumers, but also a great opportunity to profit...

RobbyP

I think it's safe to say that support has been broken...Get ready to short the next bounce...

RobbyP Updated 

Outperforming it's peers, not only has Capitec printed new highs but is also approaching historical forward PE highs. Valuations are getting stretched. Ahead of earnings, the price does seem to be finding some resistance at very overbought levels. For the life of me, I can't understand the current price and can't fathom where investors see value at current levels....

RobbyP

The Top40 certainly seems to be rolling over as small rallies are being sold. It also looks as if the 50 day moving average is acting as a resistance level which is also evident in today's price action. Momentum indicators have all started to turn lower so it look a good opportunity to cash in on some downside... I think there's at least 2500 points up for grabs...

RobbyP

City Lodge (CLH) - Upper resistance R6.50 - Price has just smashed through the 50 day Moving average and looking bullish. We're long here at 5.43 for a bounce. It might also pay to hold this one a bit longer because if occupancies improve (which they should), we should see the stock aim much higher.

RobbyP

Russia contributes around 12% of Mondi's revenue: Sanctions are going to hurt- We might get a bounce on their results, but until peace is restored and sanctions are lifted, I would be selling bounces.

RobbyP

Sanctions aint going to help their Caterpillar sales in Russia! Broken technical support with all momentum indicators pointing lower- Short to R100 or buy "PEACE"...

RobbyP

After "topping out" MTN has now breached it's 50 day Moving average at around 159.00 and looks to making an attempt to re-test the bottom of the rising trend line. However... all momentum indicators are looking weak and if that "support is broken, I feel that 147.00 may be on the cards

RobbyP

After a really strong run and heavily driven by a strong rally in Kumba Iron Ore, AGL appears to be coming back to reality. Breaking below new support with momentum firmly on the sell side, we could see AGL re-test the 50 day moving average from here. I make that R640.00 (ignore my "historical figures)

RobbyP

Kumba today has gapped up to smash right back through the 200 day moving average. This is a very strong move and definitely one to be bought if you get the chance. If KIO does in fact stay above the 200 MA, I see targets near R538.00

RobbyP

Lets be fair and say that the R41.00 high was a bit of an "overshoot" but the picture looks a lot more eye-catching now after a 23% retracement. A bit of sanity is back in the price and what a coincidence, the price found its feet at the newly established support. I still think there's still some good news to come from their Helium explorations so from a...

RobbyP

Finally returning to profitability (and without any "covid aid" this set up looks solid for a short term bounce. All of the momentum indicators have flipped around to show some strong upward bias. I wouldn't be at all surprised if this stock cleared $60.00 in the next week. I'd be looking to buy if we got lucky enough to see $52.00 or better.

RobbyP

She's coming down now but this looks like a re-test of the accumulation zone. Over-sold now since breaking down from $39.00. I think this one is ripe for the picking. I'll put my head on the block here and say, anything between between $32.50 and $33.20 is a buy. You heard it here first. Have a nice trip.

RobbyP Updated 

The company TELADOC offers virtual care for consumers across multiple clinical specialties to help people help people with their primary care, acute, chronic and even complex health needs. And as I mentioned, they are the market leader in this space. They have also recently partnered with Vivo Improve Access to Quality Healthcare in the densely populated Brazil...