RossLarter

RossLarter

JSE:DSY is showing good upward momentum and is looking promising for a long position. After the EMA's crossed we have had 2 "red days" but is still showing upward momentum. I think we could see a move towards the 15000 resistance level.

RossLarter

JSE:CFR has been trading sideways in a consolidation area since early Jan and it has really struggled to break through the resistance around 15000. With yesterday's price action it broke out of the top of the "buy-box" and it is looking promising for an upward move. This is a new all-time high, so, with no existing resistance in sight, if it continues upward, I...

RossLarter

JSE:SHP is showing some good downward momentum and we could be looking at a short position. It is currently at a bit of a support level, but if it breaks through, I think we are good to go. The stochastic, MACD and EMAs are all confirming this move.

RossLarter

JSE:FSR is showing a nice Head and Shoulders pattern. If it plays out and breaks through the neckline, we could see a move towards the target at 4200 which is a strong historic support level.

RossLarter

JSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".

RossLarter

JSE:BVT is showing signs of an upward move after a successful short position. Link below. Based off of the momentum indicators, we could be seeing a move to the upside. I would keep an eye on the trendline that it broke through recently as it might cause some resistance if it reaches that level.

RossLarter Updated 

Although the stochastic, MACD and moving averages are all showing signals to go short on JSE:BVT , I am inclined to wait for confirmation of the break of the upward trend before entering a trade.

RossLarter

JSE:ANG has formed a double bottom chart pattern and is showing some upward momentum based on the upward turn on the stochastic at the end of March and, more recently, the crossing of the EMAs and the upward turn of the MACD. If it breaks through the highs formed in early March, it might give us a nice upward move.

RossLarter

JSE:CLS is showing signs of upward momentum based on our trend-following strategy. However, it is struggling to form higher highs and break the down trend that it has been trading in for the past month or so. If it breaks this trendline, I will consider entering a long position.

RossLarter

After a nice short position, JSE:BHP seems to be struggling to break through the support level at around 42000. If the price action continues upward, I will consider entering a long position. we could potentially see a Head and Shoulders pattern forming in the coming weeks as well.

RossLarter Updated 

JSE:BHP has broken through an upward trendline that it has been adhering to since October 2020. If the current candle closes below this line and continues down, we could be looking at a move downwards. Along with this, the stochastic, MACD and Moving Averages are all showing signs of downward momentum.

RossLarter

JSE:SOL is showing all the signs of a direction change based off of the stochastic, MACD and EMA's. I will however, only enter short if it breaks and confirms below the trend line that it has been adhering to since the end of October last year. Once this is confirmed, I think we could see a nice downward move for a while.

RossLarter

JSE:EXX is showing signs of a possible downward move. The stochastic and MACD both turned downwards last week and with yesterday's downward move, the two EMA's have crossed downwards, signalling a short opportunity. We might see some resistance around the 15000 level, but if it breaks through that, we might be able to set our sights on around 13300 support level.

RossLarter

JSE:AGL is currently at a support level from January 2021. If it breaks through this support level, we could possibly see a move down towards the 49000 support level.

RossLarter

JSE:SBK has started showing some strong downward momentum with today's price action. I will keep an eye on this one for confirmation of a short as the stochastic, MACD and EMA's are all showing downward pressure.

RossLarter

JSE:SSW is looking good for a short position soon. If this downward momentum continues, we could be looking at a nice bearish move next week. I will wait for a confirmation below the 6700 area before entering.

RossLarter

JSE:QLT seems to be currently bouncing off of a very strong resistance where it has not broken through numerous times. If it fails to break through again this time, I will consider a short position on it's way down.

RossLarter

JSE:GFI is showing some upward momentum and we could see an upward move if it breaks higher than this morning 's opening. The stochastic and MACD are both confirming this move with their upward turns and the 3 and 15 EMA's have recently crossed upwards at quite a strong support level.