RossLarter

RossLarter

JSE:SAP formed a bearish engulfing candle pattern yesterday which could signal a reversal. This seems to be whats happening at the moment. For the lat couple of months it has been making lower lows quit regularly. If the price breaks through the latest lower low from the 16th of Jan, I will consider entering a short position.

RossLarter

JSE:NPN has shown a bullish harami which is a strong reversal signal. This pattern formed at a previous resistance level which strengthens the signal. We can expect a downward move as the stochastic is also turning. If all goes well, w can expect it to go all the way down to the support at around 280000 and we will exit the trad if it breaks through the...

RossLarter

JSE:WHL had a tough time last week with it's poor results, but it is lining up nicely for a recovery upwards. Last week ended by it forming a bullish harami which is a strong reversal signal. This level is also a support/resistance level from the recent past which solidifies the signal. If we were to enter a long position, I would wait for it to break into the...

RossLarter Updated 

JSE:MRP has been trading in an upward price channel for quite some time and it has broken through the mid line recently and is looking good to go upwards. Along with this, the stochastic has recently turned up through the 20 line and the two EMA's have crossed upwards. I will look to enter around the 25000 level with a target around the 26200 level

RossLarter Updated 

A dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move. A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body. This particular pattern has formed on quite a strong resistance level which solidifies the signal. We will...

RossLarter Updated 

We have entered short on JSE:MTN because of 3 factors. EMA's have crossed downwards Stochastic has crossed down through the 80 MACD has crossed down You can also see that it has been in a down trend for a good couple of months, so it is likely that it will continue down.

RossLarter Updated 

JSE:SAP is bouncing off of a long term support level at the moment having formed two doji candles which generally signify a loss of momentum. The stochastic has also turned up which could mean a reversal. If it continues up tomorrow, I will consider entering a long position.

RossLarter Updated 

JSE:NPN is looking good for a short on our trend following momentum strategy. Trade with caution as NPN has been very volatile of late.

RossLarter Updated 

JSE:TFG has had a lot of downward momentum in the last few days. Looking to catch a bit of the wave with a quick short trade to the long term support level around the 15500 area.

RossLarter Updated 

We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. Although there is not much history on this instrument, it is also at a support level which solidifies the signal.

RossLarter Updated 

JSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.

RossLarter Updated 

JSE:MRP 's unaudited results came out on the 23rd of November, and the market loved them……up 6.14% on the day. Since then it has broken up through the resistance line of the ascending triangle. It might come back down to test the support, but things are looking good for a long position on this instrument. Exit could possibly be around the 27550 level.

RossLarter Updated 

JSE:SHP is looking good for a short position. The MACD as well as the Stochastic are pointing downwards. The Exponential Moving Averages have also crossed in a downward direction. We can expect this to continue downward until it reaches support at around the 18000 level.

RossLarter Updated 

JSE:NPN was trading in a downward trend since late August but recently broke through the trend line. It retested the level and has now become support. We have entered long, but need to be aware of the possible resistance at 300000. Hopefully it will break through this and hit our target.

RossLarter Updated 

A reverse Head and Shoulders has formed on JSE:SLM . It is currently trading on the neckline and if it breaks out convincingly we can expect it to go all the way to around the 9000 level. This target level is established by measuring the distance between the top of the head and the neckline and copying the measurement on the upside. This level coincides...

RossLarter Updated 

JSE:REM is looking good for a short soon. The stochastic, MACD ad EMA's are all pointing in that direction. However, it is at a major support level at 19500. If it breaks through this level convincingly, I will consider a short position. It might just bounce off of it and continue upwards.

RossLarter Updated 

JSE:BID formed a bearish engulfing candle formation yesterday which broke through the upward trendline. This could possibly mean a trend reversal if it continues downwards. Look for a possible short position soon. Target would be in the support area a little further down.

RossLarter

JSE:TRU has formed a Bearish Engulfing causing a double top to be formed as well. If this trades lower on Monday, I will enter a short position.