RobbyP

RobbyP

Even at the current price (off the lows) TBS is still down 25% for the year. But the stock has managed to break back through that bottom resistance which mean that the low is now in place. If this is the case, the current price action could be a "kiss goodbye" for a move back over R200.00. I am NOT chasing this one so I will leave my orders near/at/below R180.00...

RobbyP

Clicks is expected to release their results by the 23 April and I'm almost certain that their forward guidance is going to look a lot less chipper than what their trading update suggested. Looking at the chart, I have highlight a resistance zone a lot of "long tails" where highs are getting rejected. This suggests that the top for CLS is firmly in place. I can't...

RobbyP

Kumba has fallen significantly more than the dividend today and the divi drop today has coincided with a significant support level. I don't mind having missed out on the dividend as I believe at current levels, KIO presents some nice upside potential. IF we get some surprise stimulus from the ECB tomorrow and Christine shows us the size of her bazooka, we could...

RobbyP

The Italian Football Federation has announced that for a period of one month, all Seri A games are to be played behind closed doors (no fans allowed) as a precautionary measure to prevent any further spread of the Covid-19 Virus. Well the share has reacted and has now been caught offside and dropped to levels last seen in 2018. My logic tells me that if teams...

RobbyP

We're long BHP Billiton now on divi day. The dividend drop coincides with a nice support level that I was more than happy to buy for our SMART strategy. That horrible head and shoulders pattern has also completed so I reckon a recovery rally is in order from here. Only risking 2% of the SMART portfolio at stop loss of R266.00...Go Billies Go!

RobbyP

MEI has found a trading range which I think will should stay in place until their earnings. At these very oversold levels, the stock is getting some support near and around the R70.00 mark. I have bought the stock at R70.00 for a test of the top of the trading range just above R77.00. I'm looking to capture the 10% move. Only risking 2% of my portfolio on this...

RobbyP

Broadening Downtrend. So I'm having a dip

RobbyP

Taking a look at gold in USD here. Looks to be forming a new base after the massive break-out. I expect gold to test this "NEW BASE" before continuing higher. The weekly chart suggests MUCH higher before it reaches a potential double top. SO I'm Saying BUY at $1547.00-$1550.00 and enjoy the ride. If you don't know how, mail me robp@unum.co.za

RobbyP Updated 

This stock is now starting to look extremely bullish after a beaut of a break above the 200 day moving average. Keep an eye out for a pending "golden cross" where the 50 day Moving average is about to cross above the 200 day moving average. If you are an equity trader and this happens, close your eyes and buy...

RobbyP

The ZAR is attempting a break through the 200 day moving average versus the US Dollar. if we get a close above 14.63/$, I'm afraid it opens the door to 15.06/$. Hold onto your hats.

RobbyP

If the trend is your friend, you should be looking to get short Life Healthcare (LHC). This is a very large trend and is therefore more significant. The problem is the RSI. Momentum has been extremely strong so I would short on weakness and NOT into strength. A break of this trend will be powerful and long lasting. A break and consecutive closes above 27.70 can be...

RobbyP

Our Satrix Financials ETF is looking so weak. The trade could be a "kiss goodbye" setup. You should be looking to get short on a test of the 200 day moving average at around R16.05... then ride it all the way down to previous lows.

RobbyP

EXX seems to be forming an inverse head & Shoulders pattern at the bottom of the trend (in my mind anyway). RSI looking strong enough to buy on a slight pull-back but I certainly will not be chasing it. If the pattern plays out, I reckon we will see the price make a run for the 200 day Moving average.

RobbyP Updated 

I haven't liked the stock on a fundamental basis but the technicals are starting to support a short trade. After that big spike on earnings (which was only strong due to exchange rates) last week, We are seeing the price drag lower accompanied by a momentum shift on the RSI. I expect this price to continue lower and lower. (but now I NEED a bounce to get in). I'm...

RobbyP

The failed head and shoulders pattern has suddenly made BHP look very different.We have already seen (last week) BHP make its first attempt at breaching the 200 day moving average before pulling back in the midst of the very confusing "trade war" rhetoric. We also have the London listing and Pound to consider but I do think that if this stock can settle above that...

RobbyP

Our Mid-term budget showed just how bad things are and we saw the currency blow out above R15.00/$. We also have Moodys tomorrow and there is a good chance that we may get bad news from them. Technically, the SBK chart has formed a bearish head and shoulders which could see the price drop quite a long way. I have entered our short (for SMART portfolio clients)...

RobbyP

I know technical analysis is a very subjective skill but this looks like a very bearish Head and Shoulders pattern to me. There is also a very sneaky bearish moving average cross over where a few days ago the 50 day moving average crossed below the 200 day moving average. I am well aware that BHP is trading right on trend but the indicators I see outweigh the...

RobbyP

This chart is published simply to indicate where the 50 day moving average has crossed below the 200 day moving average. This is usually a very bearish signal. Personally, I think any bounce can now be shorted. watch this space robp@unum.co.za