RossLarter

RossLarter

JSE:GFI is bouncing off of a trend line that it has tested a couple of times in the past. The stochastic is confirming the turn around, and if the price action confirms with today's close, I will enter a long position.

RossLarter

Traders don't like gaps in the price and there has been a large gap in JSE:APN since March this year. The price ha finally reached the top of the candle that caused the gap, and if it confirms a break above the spike, I wouldn't be surprised if it goes all the way up and closes the gap. Let's wait and see what happens.

RossLarter

JSE:AGL has broken through an upward trend line and is looking like a reversal is imminent. The stochastic is also showing a signal for a short position. If confirmed, I will enter a short position.

RossLarter

An ascending triangle has formed on PSG. This is a neutral chart pattern and all depends on which direction the breakout occurs. I will keep an eye on this and when a breakout convincingly occurs I will trade in that direction.

RossLarter

JSE:MNP has reached quite a significant resistance zone and we could possibly see a turnaround for a short position. The stochastic looks like it might be turning too which is a further signal. If it doesnt break thorugh this level and confirms, I will consider a short position.

RossLarter

JSE:REM has been trading in a downward channel for quite some time and has just broken out of the channel in an upward direction. It has also broken through a fractal level and is looking good for a long position.

RossLarter

JSE:OMU has formed a double bottom. If it confirms through the current level, I will consider a small long position.

RossLarter

A bullish Engulfing has formed on JSE:MTN . This means that it is possibly going to reverse into an upward direction.

RossLarter

JSE:GRT is showing a descending triangle pattern which is a neutral candle pattern. Depending on the breakout, we could be looking at a move in either direction. Keep an eye on this one for when it breaks out.

RossLarter

JSE:GFI has reached a previous resistance level and we could possibly see a reversal at this point if it doesnt b reak through and form a higher high. As always, I will wait for confirmation before jumping in.

RossLarter

JSE:BVT has formed a bearish engulfing candle pattern and is looking good for a short if it breaks the fractal level. Since I alerted a short a week or two ago on BVT it has gone up but is still looking good for a short which is being confirmed by the stochastic.

RossLarter

JSE:CPI is looking like it might be reversing trend at the moment. It is struggling at resistance level and has formed what looks like a double top. As always, I will wait for confirmation before entering short.

RossLarter

JSE:REM has formed a definite downward parallel channel from as far back as 31 Jan 2019. It has been bouncing off the top and bottom regularly since then. Once again, it has recently bounced off the top of the channel and is looking good for a short as it heads for the bottom again.

RossLarter

An engulfing candle pattern has formed on JSE:INP . It is looking good for a downward move. Stochastic has also confirmed the momentum.

RossLarter

A bearish engulfing chart pattern formed on JSE:FSR which is often a top reversal signal. The stochastic has also turned downwards which further confirms the signal. I will however wait until it breaks through the fractal level from the 21st of October before entering short, as it isn't the most convincing of engulfing candles as the top of the two candle...

RossLarter

JSE:NED has formed a bearish harami at a strong resistance level which it has failed to breach. It is looking good for a short position with the stochastic confirming. If it breaks through yesterday's low, I will enter a short position.

RossLarter

JSE:SHP has broken out of a symmetrical triangle and if it confirms above the high of yesterday, I will consider entering a long position.

RossLarter

JSE:RMH formed a symmetrical triangle pattern which it broke out of and closed with yesterday's move. Chances are, it will continue to move upwards after the breakout. If it confirms above the fractal level, I will enter long.