RossLarter

RossLarter Updated 

JSE:OMU has developed a bullish harami which is a typical reversal signal - so we can expect a move upwards with a target around the 2270 level.

RossLarter Updated 

JSE:BVT has formed a "open/close above stomach" pattern which is a strong reversal signal. It works as follows: After preceding downtrend, the second candle opens and closes above 50% of the long red body. Along with today's upward movement, we can expect it to reach our target at the next resistance level

RossLarter

JSE:VOD formed a Bullish Harami reversal pattern on Friday. It has already moved upwards quite significantly today, but will most likely continue to our target level at the next resistance

RossLarter

JSE:TRU formed a bullish engulfing candle pattern on Friday which is a strong reversal signal. We can expect it to go upwards from here.

RossLarter Updated 

Possible reversal on JSE:SHP . It formed a bullish harami pattern on Tuesday at a level of support. The stochastic is also turning up at the moment which is a good sign for a reversal.

RossLarter

JSE:SLM has been trading in quite a strong sideways channel since last year April. It is likely that it will bounce off of the bottom of the channel and head upwards.

RossLarter Updated 

JSE:TBS has been trading in a sideways channel since early November last year. It is currently at the bottom of the channel and seems to be bouncing off. We are aiming for the resistance level at the top of the channel.

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JSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close. Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.

RossLarter Updated 

JSE:RMH is in an upward trend and seems to have just finished with a retracement which bounced perfectly off of the 61.8% Fibonacci level. If my predictions are correct, it should continue in an upward move for a while all the way back to the previous high and possibly even beyond.

RossLarter Updated 

Possible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.

RossLarter Updated 

I have entered a long position on JSE:RDF as it had formed a bullish harami on Friday which often signifies a reversal. It traded higher this morning and triggered my order. Aiming for the significant resistance zone around the 1050 area.

RossLarter

JSE:SLM is in a short term downward trend at the moment and has retraced perfectly to the 61.8 Fib level. It has started to turn down again and could be heading for the 161.8 level which happens to be a major support level from the past

RossLarter Updated 

JSE:DSY is trading at a strong support level at the moment. It has bounced off of this level forming a hammer candle pattern which indicates a loss of bearish momentum and is a strong reversal signal. Coupled with this, the stochastic has turned upwards which makes the signal stronger. I have entered a long position, aiming for the next resistance level.

RossLarter Updated 

JSE:ANG has formed a bearish harami which is a strong reversal signal. This could signify a change of direction to a downward move. There is also a gap to close that formed on the 20th of Feb. Gaps tend to act as magnets for the price and like to be closed. I have entered a short position and will look to close either once the gap has been closed or further down...

RossLarter Updated 

JSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern. "As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout...

RossLarter Updated 

JSE:NED is showing signs of a possible reversal. A few days ago a bearish harami formed at a very strong resistance level which at the same time formed a double top. Planning on entering a short position if it trades a bit lower.

RossLarter Updated 

JSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support. If the price moves above the last high I will enter a long postion.

RossLarter Updated 

We have entered a long position on JSE:BID . It has been trading in an upward channel for quite a few days. It retraced a bit and has bounced off the bottom of the channel and seems to be on its way up. We are looking for it to get some resistance at around the 28780 level and will exit the trade if it goes down to the previous support level at around 26200.