RossLarter

RossLarter

JSE:ABG is trading at quite a strong support level. If it fails to break lower, we could be in for an upward move. I will wait for confirmation of the bounce before entering long.

RossLarter

JSE:NPN is trading at quite a strong resistance level at the moment. If it fails to break higher, the chances are good for a downward move. The stochastic seems to be confirming the trend reversal. As always, I will wait for confirmation before entering.

RossLarter

JSE:AGL has broken through a strong resistance level and is making higher highs. At the same time, an inverted head and shoulders chart pattern was formed. It is looking good for a long move.

RossLarter

After a very successful short position, JSE:BVT has broken through a descending resistance level/trend line and could possibly be changing direction, which is being confirmed by the stochastic as well. If it confirms after today's price action, I will consider entering a long position.

RossLarter

JSE:NPN has a bullish engulfing candle at a support level which could indicate a turn upwards. The stochastic is also confirming so we could be looking at a long position.

RossLarter

JSE:MCG has formed a bullish harami and is looking good for a turnaround into a long position. If it trades above Tuesday's high I will enter long.

RossLarter

JSE:NED failed to break below support with yesterday's price action. It seems to be forming a bullish harami at the moment, but we'll have to see what happens towards the end of the day. If it doesn't break lower, I will consider a long position.

RossLarter

JSE:MTN is bouncing off a string support level and could turn for an upward move. Stochastic is confirming the momentum.

RossLarter

JSE:MRP has entered into a gap that was formed on 21 November. As we all know, the market likes to close gaps, so we could see a small downward move towards gap close.

RossLarter

JSE:ABG is trading at quite a strong support level. If it fails to break through and bounces off support, I will consider entering a long position. The stochastic also looks like it is gearing up for a turn. Alternatively, if it breaks through support and forms lower lows, we could be looking at a short position.

RossLarter

JSE:SLM has broken through and upward trend as well as a fractal level and is busy forming lower lows which could be a sign of trend reversal. It is looking good for a short position with lots of downward momentum.

RossLarter

JSE:BVT has broken through a upward trend line as well as a fractal level which makes it look good for a short position.

RossLarter

JSE:BHP has broken upwards through the triangle I mentioned in my previous idea. Couple with this, it has broken a fractal level, so I am entering a long position.

RossLarter

JSE:SGL has formed a bearish double top. It is still quite a distance a way from confirming the signal, but let's keep an eye on it for when it does confirm the short position.

RossLarter

JSE:BHP has formed a symmetrical triangle chart pattern. This is a neutral pattern, so it isn't indicating an up or down move as of yet. Once it breaks through either side, we will be able to enter a trade. Let's keep an eye on it for now.

RossLarter

JSE:TFG has formed an engulfing candle and is looking good for a bit of an upward move until it reaches the previous descending resistance level.

RossLarter

JSE:AMS has formed a bearish harami. Although it is trading at all time high levels, we could possibly see a small downward retracement.

RossLarter

JSE:SPP has, with today's movement, broken through highs that it has struggled with three times in the recent past. If it closes above thes levels and confirms a higher high, we could be looking at a nice upward move.