JSE:SLM has reached quite a strong resistance zone at around the 8200 level. It seems to be struggling to break through which is also being confirmed by the stochastic. I will enter short if it is confirmed.
JSE:MRP has been consolidating in a sideways trend or "buy-box" since late last month. With today's price movement so far, it has broken out of the box as well as a fractal level from the 17th of October. If it closes above and confirms after today, I will look at entering a long position.
JSE:MCG has formed a descending triangle candle pattern. The candles are wedging into the corner of the triangle and will be breaking out soon. If it breaks out the bottom, this will confirm the signal for a short position.
JSE:BVT is struggling at a strong resistance level and based on the stochastic's confirmation, we could be seeing a reversal. Wait for confirmation on today's price action before entering short.
JSE:APN has reached quite a significant resistance level which could mean a change in direction to the downside. I will keep an eye on this one to see if it breaks through the resistance and continues upwards. If so, I will enter long. My outlook is bearish, however, and I anticipate that it will fail to break through and turn downwards for a short. As always, I...
JSE:RDF has formed a double bottom support level and it could mean a slight move upwards.
JSE:ABG is trading around a strong support level where it has struggled at before. The stochastic is confirming by turning up, so I will consider entering a long once it breaks through the fractal level of the 8th.
JSE:BID formed a bearish harami pattern with yesterday's movement. This could mean a downward move. I will wait for confirmation, as the upward momentum has been quite strong lately.
JSE:OMU has formed a flag shape which is a bullish pattern and it has broken out and will most likely continue upwards. I will, however, wait for further confirmation before jumping in.
JSE:WHL has bounced off of the bottom of the channel that it has been trading in for quite a while. We can expect a possible upswing toward the top of channel. Failing that, it might stall around the mid point.
A bullish engulfing candle pattern formed on JSE:APN friday at a support level. This could mean an upswing is imminent. The stochastic has also recently made an upswing.
JSE:MTN has failed to break through a strong support level and seems to be bouncing for an upward move. The stochastic is also in oversold territory which further signals a possible reversal.
JSE:GRT formed a gap between the 1st and 2nd of October that it looks like it might fill soon. Gaps are generally quite tempting to close for traders. The stochastic seems to be turning up, which is also a sign of a possible reversal. Keep an eye on this one for confirmation of a long position.
JSE:NPN is looking promising for a possible upward reversal. The stochastic is currently turning up and it is trading at quite a strong support level which it isn't breaking through. I will wait for confirmation to enter.
JSE:EXX has been struggling at a support level since late August. It doesn't seem like it is going to be breaking through any time soon, so I am looking out for confirmation to possibly enter a long position. If it breaks through the fractal of the 27th of September, I will consider entering.
JSE:SAP has been trading in a downward channel for quite a while and has reached the bottom of the channel and seems to be bouncing off. We can expect a short upward move towards the top of the channel. This is also being confirmed by the stochastic.
JSE:ANG has formed a head and shoulders pattern which is a top reversal pattern. It is looking good for a downward move if it breaks through the neckline convincingly. I will wait for this confirmation before entering.
I am keeping an eye on JSE:VOD as it formed a bearish harami after a small retracement. If it confirms I will enter long for a small move.