RossLarter

RossLarter

JSE:GFI bounced off of the strong support at around the 12700 level last week. In the past, it has gone up from this level. It is currently at another resistance level and if it breaks through that, I think it will go upwards for a nice long position.

RossLarter

JSE:SSW is showing some signs that it might be moving upwards for a bit. This is based on the EMA's crossing and the position of the stochastic and the MACD. It is, however trading in a downward parallel channel, so it might bounce off of the top of the channel and come down again. Bear this in mind when setting targets for this trade.

RossLarter

JSE:AGL seems to be making an upswing at the moment. It recently formed a higher low and now with the EMAs crossing which was preceded by signals from the Stochastic as well as the MACD - I think we could see the upward momentum continue possibly all the way up to the resistance at around the 63500 area.

RossLarter

JSE:AMS is looking good for a long position based off of our 3 momentum indicators. It has also recently found support and bounced nicely off of the 200SMA. I think we could see a nice upward move to at least the 180000 level and if it doesn't find resistance there and breaks through it could go all the way to around the 200000 level.

RossLarter

JSE:BAW is showing downward momentum based on the stochastic, MACD and EMA's that have just crossed. However, it has been trending upwards since the 26th of March and I will wait for a convincing breakout through the upward trendline before considering a short. If this breaks, we could be looking at a move down towards at least the lows formed at the beginning of...

RossLarter

JSE:BHP is looking good for a downward move based on the momentum indicators (Stochastic, MACD and EMA's). If this short plays out and it reaches the support level around 41000 this would mean a Head and Shoulders pattern would form. Once this Head and Shoulders forms and the neckline is broken, we could potentially see a move downwards all the way to the taregt...

RossLarter Updated 

JSE:EXX is showing some downward momentum and if continues, we could be seeing a nice downward move. Look out for the support level at around 16500, but if it breaks through that I think it could go down all the way to the 15000 area.

RossLarter Updated 

The stochastic, MACD and the 2 EMA's have all turned downward on JSE:NHM - all signaling a short position. It has, however, been in an uptrend since end of Jan, so we might only see a retracement before a continuation upward. If it does go down, I dont think it will go much further than the support area around 23000.

RossLarter

JSE:AGL has been trading in an upward channel and has recently bounced off the top for the 3rd time. I think we could see a move downwards to the bottom of the channel from here. The 60000 level is a potential target before either bouncing up or breaking out of the channel.

RossLarter Updated 

The EMA's on JSE:AMS have finally crossed downwards after the stochastic and MACD have been showing downward momentum for some time. It might struggle a bit at the 200000 level, but if it breaks through that, I think we could potentially see it go to around the 180000 support level.

RossLarter

JSE:OMU has bounced nicely off of the 200 simple moving average, failed to make a lower low and seems to be turning upwards for a long position. Momentum indicators are also start showing a move to the upside. We could possibly go to the previous highs around the 1500 level.

RossLarter

JSE:MNP is showing some nice downward momentum thanks to yesterday's strong down move. The stochastic, MACD and EMA's are all showing great potential for a short position.

RossLarter

JSE:CPI has formed a great cup and handle pattern on the day chart. It goes all the way back to December 2019 with the top of the cup being formed on the all-time high that was reached in December 2020. If we successfully break this high, I think we could see a really nice upward move from there.

RossLarter

After a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.

RossLarter

JSE:ARI is showing some good downward momentum with the recent downward crossing of the 3 and 15 period EMA's as well as the crossing downward of the stochastic and the MACD. If this momentum continues, we could see a possible downward move towards the support level at around 24000.

RossLarter

JSE:SOL has been trading in an upward parallel channel since October 2020.It has made numerous unsuccessful attempts to break out of the trend since then but the upward channel has held. With the break of the previous highs last week, I think we can continue to see an upward rise in the price all the way to the resistance level at around 28000

RossLarter Updated 

JSE:APN has formed a beautiful bullish pennant pattern and is looking good for an upward move. If it breaks out the top of the pennant we could see a move towards the high formed in June 2020.

RossLarter Updated 

JSE:KIO is showing great upward momentum in the stochastic, MACD and with the crossing of the 3 and 15 EMA's. It has also recently found support and bounced nicely off of the 200 SMA. I think we could see an upward move to at leas the 68000 resistance level, if not higher.