RossLarter

RossLarter Updated 

A Head and Shoulders pattern has formed on JSE:DSY and we could be seeing a nice downward move all the way to the support level at the 10200 if level if it confirms a break through the neckline of the pattern.

RossLarter

JSE:DSY seems to be on its way up after the down move of the Head & Shoulders pattern. It didnt quite reach the target, but instead found resistance on the 200 moving average. If it continues through the neckline upwards and uses it as support, I will go long.

RossLarter

The Head & Shoulders that was alerted a few weeks ago played out quite nicely, but didn't quite reach it's target. At it's bottom, it formed a bullish engulfing candle pattern which is an upward move signal. The stochastic and MACD are confirming an up, so if it breaks today's high, I will enter long.

RossLarter Updated 

JSE:BHP has formed a Head and Shoulders pattern and has broken through the neckline on its way downwards. If the pattern plays out, we could see a move down to the target at around the 28900 level

RossLarter

JSE:QLT is showing signs of an upward move. There was a massive engulfing candle a few days ago and the stochastic and MACD are confirming upward momentum. If it break higher and the EMA's cross, I will consider a long position.

RossLarter

JSE:SLM seems to be heading up from the lows it reached at the end of October. The stochastic, MACD and exponential moving averages are all confirming this move on our trend-following momentum strategy.

RossLarter

I recently posted an idea for a short on JSE:MNP and it went in our favour for a few days, but didn't last long. In the meantime, it has formed a bullish engulfing candle and has retraced all the way to the bottom of the channel again. It may find some resistance before entering the channel again but if it breaks through, we could see an upward move towards the...

RossLarter

JSE:KIO has formed a double bottom with the last couple of days' movement. A doji formed on the 29th of October followed by a hammer candle which can be both seen as reversal signs. The double bottom, candle patterns, MACD and stochastic are all pointing upwards, so I will consider a long position if it trades higher.

RossLarter Updated 

JSE:NPN has broken out of the bottom of a triangle pattern, moving in a downward direction. Along with this, it has been trading within a parallel channel since mid-July and it has bounced off the top of the channel which could serve as confirmation for a short position. If it continues with this downward momentum, I will enter short with a target at the bottom...

RossLarter Updated 

JSE:MNP has broken out through the bottom of an upward channel that it has been trading in since the end of April. My expectation in a previous idea is that it would bounce off the bottom of the channel and return upwards, but it has, in fact, broken through and is on its way down. It is currently on a support level and if it breaks through, I will consider a...

RossLarter

I alerted a short possibility on JSE:RNI on the 21st of October with this idea - , and although it went in that direction for a couple of days, a doji formed followed by a strong bullish engulfing candle which could possibly be signaling a long position. If it breaks higher than today's price action so far, I will consider entering long.

RossLarter Updated 

JSE:RNI has been showing some strong bearish momentum the past couple of days and if it breaks through the support level that it is currently pushing through, I will consider a short position towards the lows of the initial COVID-19 lockdown around mid March.

RossLarter

JSE:APN is showing great signs of a potential upswing. The stochastic, MACD and Exponential Moving Averages are all confirming this move.

RossLarter

JSE:IMP is showing signs of a reversal to the up side due to the double bottom that has formed. After a successful short position, it has bounced off of support and looks like it will be heading up towards resistance at around the 17500 level.

RossLarter

JSE:NHM formed a doji candle at a support level two days ago and is looking like it is heading upwards with some momentum. If it continues upwards, I will consider a long position with a potential target just above the 19000 level.

RossLarter Updated 

After a successful long position, JSE:IMP has bounced off resistance to form a double top. I think we can look forward to a downward move down to the support level around the 14200 level.

RossLarter Updated 

JSE:AMS is showing strong downward signals and we could be looking at a move down to the support area at around 110000. The stochastic, MACD, and the two EMAs are all confirming this downward momentum.

RossLarter

JSE:ABG has been trading in an upward parallel channel since July. It has reached the bottom of the channel with quite strong bearish momentum. If it continues downwards through the bottom of the channel and makes a lower low, I will consider entering short. Conversely, it could bounce off of the bottom of the channel and head upwards as it has done a few times...