JSE:GRT is showing some great downward momentum and is ready for a short position.
If support level from 24 March is broken, I think JSE:ANH could be in for a nice downward move.
A morning star pattern has formed on JSE:NPH over the last few days. If triggered, this could mean a move to the upsode.
A large bullish engulfing candle has formed on JSE:IMP . This is a bottom reversal signal and I think we could see a nice upward move from here.
JSE:BTI is showing signs for a potential long position. If triggered, we can potentially see a move to the R66 level.
JSE:VOD is showing signs for a downward move. I will enter short at the 153 level.
JSE:PPH is showing signs for a short position. I will enter short if it continues in this direction.
JSE:BVT is looking good for a short position. I will enter if it continues down today.
As with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy.
All three of our momentum indicators are signaling a long position on JSE:NPN . So if it continues up today, we will enter the trade.
SHOPRITE's price has broken out the top of a symmetrical triangle pattern signaling a long position.
NEDBANK has formed a shooting star pattern followed by a bearish engulfing candle. Both of these are signs of a potential reversal, so I think we could be seeing a nice short position coming up soon.
GFI is showing a potential down move based off of our momentum strategy. Although it happened a few days ago, the stochastic, MACD and the cross of the two EMAs are all triggers for a short position.
A Bearish Engulfing candle pattern has formed on ABG with yesterday's price move. We can consider a short position if the price continues downwards from here.
If the price continues downwards tomorrow, we will enter a short position on AGL. The stochastic, MACD and the two moving averages are all showing signs of a downward move.
If you're trading our end of day momentum strategy, JSE:WHL is looking good for a long position as all of the indicators have triggered.
The EMA's have crossed, the stochastic is moving upward and the MACD is up. All signals for a potential long position on JSE:CFR
JSE:CPI has been trading in a sideways consolidation area since Jan. With yesterday's price action it broke out of the top of the channel, which could mean a good opportunity to go long.