A Bullish flag pattern has formed on JSE:IMP . The Flagpole formed from 28 September to 19 October and since then it has consolidated slightly downwards to form the flag. If it breaks through the top of the flag and continues upwards, I think we could potentially see a move upwards to the target at around the 26000 level.
JSE:FSR has recently bounced off a strong upward trend line. Based off of this as well as the momentum indicators which are all showing upward momentum, I think we could potentially see a nice upward move towards the resistance level at around 7000
JSE:CPI has tested a trend line multiple times since last October. It is currently bouncing off of this line again and we could see an upward move if it doesn't break through downwards. The stochastic and the MACD are both confirming this momentum. The EMA's briefly crossed yesterday, but have since uncrossed again. If it breaks above yesterday's levels, I will...
JSE:ANH has recently bounced off a strong support level and seems to be moving upwards for the time being. The stochastic and the MACD both crossed upwards on the 21st of October and the two EMA's crossed over yesterday. These are all signs of upward momentum. I think we can see a move to at least the 90000 resistance level.
JSE:CLS has been on a good run lately and has continued to form new all-time highs up until the previous high on the 22nd of September. At the same time, it has been consolidating sideways mostly since mid August. With today's downwards price action, we have broken out of the bottom of the consolidation area. If this downward momentum continues, I think we could...
JSE:GFI is showing some signs of a change in momentum. We have been in a downswing since June this year and I think we could potentially see a move upward. It is currently bouncing off of a strong support level and if not a complete reversal, I think we could at least see a retracement upwards before continuing downwards. I will wait for the two EMA's to cross in...
There has been a big gap in JSE:REM since June 2020. It has been slowly making its way up to fill it and finally closed the gap with the highs of earlier this month. The upward momentum has disappeared and it loks like we might be heading down for a bit. The momentum indicators are also showing the same thing
JSE:AMS has been trading in a downward trend since March this year. For basically the whole month of July, it made a retracement all the way up to the 61.8 Fib level. It then went down again to form lower lows. It is currently bouncing off a very strong support level and is looking like it will make a retracement again before continuing downwards. My prediction...
JSE:ABG formed a bearish harami on the 4th of October which is a top reversal signal. This week, the momentum has been confirmed by the crossing downwards of the stochastic. The MACD and the EMAs look like they are on the verge of crossing down too which will be a further confirmation of the downward move.
JSE:SUI has made a strong upward move in the last two days. It is up over 11% in just today's price action. Currently it is trading at a strong trendline. It could either bounce off and make it's way down before turning up again, but if it breaks through, I think we can potentially see an extended upward move.
A bullish harami pattern has formed at a strong support level on JSE:RNI . This is a strong bullish signal and coupled with the strong support level, I think we could see a nice move upwards towards the resistance at around the 29000 level.
JSE:EXX has been trading in an upward channel since the big gap that was formed towards the end of April. It reached the bottom of the channel and formed a bullish harami pattern as it reached the support level. This candle pattern is a strong bottom reversal pattern and could be a sign of a reversal. This, coupled with the bottom of the channel could mean we...
JSE:VOD formed a hammer candle on the 13th of September which also happens to form part of a bullish harami pattern. Both are strong bullish signals. I think we could see a move up to at least the previous high at around 14500. If it breaks through this level and confirms we could see a continuation to form even higher highs.
JSE:ANH is showing signs of upward momentum and we could see a move up to around the 92000 resistance level, if not higher. The stochastic and MACD both crossed upwards on the 17th of September and then the two EMA's have crossed upwards earlier this week.
JSE:NPN has formed what could turn into a double bottom pattern. It formed a bottom on the 23rd of August and then again on the 15th of September. If it breaks through the high formed on the 7th of September, the pattern will be confirmed and then I think we could see a move up towards the resistance level at around 300000. A long with the current move, it is...
Although not confirmed yet, JSE:NED seems to be forming a double top pattern. Here is the definition of a double top from investopedia: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls...
JSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we...
JSE:MCG is showing signs of great upward momentum. The stochastic and MACD indicators turned up last week and the two EMA's crossed in an upward direction yesterday as the final trigger for a long trade. We could see a love up towards the 12500 resistance level, and if it breaks through that level, we could potentially see it going all the way towards the...