JSE:SBK is looking good for a long position as all 3 of the momentum indicators have crossed upwards.
After yesterday's move, JSE:RMI is looking good for a long position if the upward momentum continues.
All 3 momentum have triggered on JSE:BID , signaling a long position.
Our 3 momentum indicators have all crossed downwards on JSE:AMS signaling a good time to enter a short position. The target is at the strong support level at around the 160000 level.
A bullish harami candle pattern has formed on JSE:AGL on a strong ascending trendline. I think we could see an upward move for a bit from here.
A bullish engulfing candle has formed on JSE:ANH . This is a bullish reversal signal so I think we could be seeing a nice upwards move from here right up to the resistance levels from mid January.
All three of our momentum indicators have crossed downwards on JSE:AGL . It is looking good for a short position. Target levels around the support area of late September 2021.
A hammer candle has formed on JSE:MNP at a strong support level that goes all the way back to 2015/2016. I think it's possible for a bounce off of this level and a nice upward move from here.
A piercing line candle pattern has formed on JSE:SLM . This is a good bottom reversal signal. If it plays out, we could be seeing a nice upward move from here. Target levels at the highs from mid-Feb.
An evening star pattern formed late last week on JSE:BVT . This is a top reversal sign which means we could see a downward move. Today's price movement so far is confirming this downward turn.
A Bearish Harami pattern formed on Friday on JSE:FSR . With today's move so far, we have been entered into a short position.
A bearish engulfing candle formed on JSE:VOD on Friday last week. We have entered a short position on this one with today's price action so far.
A Bullish engulfing candle has formed on JSE:WHL at a strong support level. This is a good bullish reversal signal which is looking good for a long position.
With the strong downward momentum of today's move along with the EMA's, stochastic and MACD, I think we could see a nice short position coming on JSE:DSY
JSE:CLS has broken out the bottom of a symmetrical triangle patter. This breakout along with the signals from the EMA's, stochastic and MACD could mean we could see a nice downward move for a short position.
With today's strong downward move, JSE:BTI is looking good for a short. The three momentum indicators are confirming this move.
JSE:RMI is looking good for a short position. I will enter into this position if it continues lower.
JSE:APN has broken out of the bottom of a descending triangle and is looking good for a short position.