RossLarter

RossLarter Updated 

JSE:ANG has broken through a descending resistance line and could continue upwards. I will wait a bit to see if the direction is confirmed before entering into a long position.

RossLarter Updated 

JSE:AGL has broken through a descending resistance line and is looking good for a long position. For the more cautious trader, I would wait for it to close above the resistance level and the fractal before entering.

RossLarter

JSE:WHL has broken through a descending resistance and confirmed the breakout with the next candle. This breakout also happened at a support level. We can expect an upward move due to this breakout.

RossLarter Updated 

JSE:GRT is showing a piercing line pattern which is a bottom reversal pattern. Definition of Piercing Line: After a preceding downtrend, the green candle opens below the previous days close and closes above 50% of the previous red body. The candles MUST be different colours.

RossLarter

JSE:SBK has broken through the descending resistance and formed a bullish engulfing candle pattern yesterday. Because of the strong momentum, I decided to enter a long position at opening this morning.

RossLarter

JSE:NPN has broken through a descending resistance level. I will wait for confirmation on todays price action before entering a long.

RossLarter

JSE:NED has formed a strong bullish engulfing candle which shows great upward momentum.

RossLarter

JSE:CFR is bouncing off resistance and has formed a bearish harami which is a top reversal signal. We can expect a downward move.

RossLarter Updated 

JSE:BVT has broken through the descending resistance and has confirmed the breakout. We can expect a move towards the resistance level around the 21000 level. For the cautious trader, you can wait for it to break through the fractal or for the more aggressive trader, you could enter immediately.

RossLarter Updated 

JSE:ABG has broken out of the symmetrical triangle pattern that had formed. Today it seems to be retracing a bit and you might find that it will bounce off the resistance before continuing downwards. Depending on your risk appetite, you can enter a short right away or wait for a retracement and bounce before entering.

RossLarter

JSE:MNP is trading in a downward channel and a pattern has emerged that every time it hits the top of the channel, it plummets towards the bottom of the channel. It has recently hit the top of the channel and is looking positive for a downward move, but just to be safe, we will wait until it breaks through the fractal a little below the current price.

RossLarter

JSE:SPP broke out of the bottom of the 'buy box' consolidation area yesterday which normally means a signal to go short, but it seems like a hammer candle is forming which could mean a reversal, so I will remain cautious and only enter a short if it breaks the current low of today's price action.

RossLarter Updated 

JSE:GFI has broken through a descending resistance line and is looking good for a long position.

RossLarter Updated 

JSE:MTN has broken out of a symmetrical triangle and is looking good for a short position. Personally, I would wait for a confirmation by it breaking through the fractal on the 13th of May before entering a short position.

RossLarter Updated 

JSE:SAP formed a bullish harami off of a descending support line which also coincides with a support level from early 2015. It is looking very promising for an upward move.

RossLarter

JSE:SLM has broken through the descending resistance line as well as showing a bullish harami. If it closes above this line, I will consider entering a long position.

RossLarter Updated 

JSE:TBS has formed a Bearish Engulfing pattern at a very strong resistance level, this could possibly mean a downward move.

RossLarter Updated 

JSE:TBS has broken out through a support level, so we anticipate a downward move toward the previous low.