RossLarter

RossLarter

JSE:WHL has ticked all of the "indicator boxes" to signal a short trade. The EMA's crossed on Friday last week which was the final trigger sign along with the Stochastic and the MACD crossing downwards a few days earlier. Today, so far, the price seems to be slightly up, but if it breaks through the lows formed on Friday, I will enter a short position.

RossLarter

JSE:MTN is looking good for a short position because the Stochastic and the MACD turned down a few days ago and more recently the EMA's have crossed downwards. I think we could see a move all the way down to the support level around 10500

RossLarter

JSE:ABG formed a bearish engulfing candlestick pattern on 1 September which is a top reversal signal. What makes the signal stronger is the fact that it it coincides with the resistance level from the current longer term up-trend. The MACD, Stochastic and now the EMA's are also showing signs of downward momentum. I think we could possibly be looking at a move...

RossLarter Updated 

JSE:ARI is showing some good downward momentum based on the stochastic and MACD and the EMAs which are about to cross downwards. I will wait until we get absolute confirmation from the EMAs before entering, but if it breaks lower than the low of today's candle so far, we should see a cross.

RossLarter Updated 

JSE:ANG made a string downward move early in August. Since then it has been consolidating in a slight upward direction. Although not confirmed yet, this might be the formation of a bearish flag pattern. If it breaks through the bottom of the consolidation area, we could possible see a downward move as far down as the length of the original flagpole. I will wait...

RossLarter

JSE:NPN is showing good signs of upward momentum based on the stochastic, MACD and EMA's. It is also trading in a downward channel at the moment, so I would think that it has potential to make a quick move up to the top of the channel, but if it breaks through, I think we could see it go all the way to the resistance level at around 320000

RossLarter

JSE:GLN is showing signs of downward momentum based on the indicators of our momentum strategy. The EMAs crossed in a downwards direction yesterday while the stochastic both crossed downwards the day before. I think we could see a move down towards the previous support area at around 5780

RossLarter

JSE:CLS has broken the all time high that it formed on 17 December last year. It is not showing any real signs for an entry point at the moment, but my prediction would be that it retraces a downwards a bit back to test the previous high and then continues upwards. But let's wait and see what happens.

RossLarter

JSE:BLU is showing signs of upward momentum with the recent bounce off of the support level at around 460 as well as two of our three momentum indicators having crossed upwards. If confirmed, I think we can see a move to at least the previous highs of around the 530 level.

RossLarter

Since mid-May, JSE:IMP has been struggling to make lower-lows and found itself in a sideways consolidation period. With yesterday's upward move, it has broken out of the top of the consolidation zone. If the momentum continues, we could see a move up towards the 30000 resistance level.

RossLarter

JSE:OMU recently bounced nicely off of the 200 Simple Moving Average and started to in an upward direction. It is also showing signs of great upward momentum so I think we could be looking at a nice upward move towards the previous resistance level at around 1480

RossLarter

JSE:CPI looks like it may be gearing up for an upward move. After a recent pretty successful Cup and Handle pattern it has retraced downwards to the top of the cup, tested that level and then bounced back up again. If it breaks above the high created on Friday, I think we could see it moving upward to at least the highs of mid-June, if not higher.

RossLarter

JSE:PPE had a nice upward rally at the beginning of June followed by a slightly downward consolidation period. Because of these moves, we have seen the formation of a bullish flag pattern. A bullish flag is a continuation pattern, therefore the expectation is that the price will continue upwards once the breakout has happened. So far this morning a breakout has...

RossLarter

JSE:MCG is showing some good upward momentum at the moment and could do well for a long position. Although the MACD and Stochastic alerted quite a while ago, the EMA's are confirming the upward momentum.

RossLarter

With today's price action so far, JSE:BID seems to be showing some good downward momentum. Based off of the EMA's crossing today as well as the stochastic and MACD moving downwards it looks like a downward move is on the cards. I predict that it could move down to the 28000 support level which would coincide with the support level around the 200SMA.

RossLarter

A gap that formed on JSE:EXX on 27th of April this year has finally been closed with this morning's price action so far. The tendency is to retrace a bit after a gap close, but there seems to still be quite a lot of upward momentum. We would need to keep an eye on this one to see if any trading opportunities present themselves in the near future.

RossLarter

JSE:BVT is sticking with the upward trend and has, once again, made a bounce off the upward trend line. Along with this, the stochastic, MACD and EMAs are all showing signs of upward momentum. I think we could see a move up to the previous resistance level at around the 22000 area.

RossLarter Updated 

JSE:AVI has bounced off of the support level at around 7000 numerous times since early 2020. It is struggling to make lower lows, so my prediction would be that it continues upward towards the 7550 area or at least to around the 200SMA.