RossLarter

RossLarter

JSE:NED looking good for a long position as it has broken through the resistance of the ascending triangle pattern that it has been following. It came back down and tested the support, and if it continues up, it should be a good long position.

RossLarter

A Bullish Harami pattern has formed on JSE:AGL which is also in a major support zone. This is usually a reversal sign. With it being on support the likelihood of a reversal is much higher. The stochastic is also turning upwards. We have entered a long position with today's price action and are looking to take profit around 32000

RossLarter

JSE:SOL is showing a bullish harami pattern, which is a reversal sign. So, we can expect a reversal from the current downtrend. If this turns up, we can expect resistance around the 450 and the 480 price areas.

RossLarter

JSE:RNI Has recently come out of a great Head and Shoulders trade. It seems to have reached some support so we can expect a possible reversal. The stochastic is turning up for now, and if it breaks above the previous high of a few days ago I will enter a long position.

RossLarter

Entered short on JSE:RMH because of a bounce off of resistance and a stochastic cross downwards. Looking to take profit at around the 6800 level. There seems to be another support level around the 7500 which needs to be taken note of too.

RossLarter

JSE:TBS has recently bounced off the top of a long term downward channel. Stochastic has also recently crossed downwards. Could possibly be heading for the bottom of the channel and might stall or bounce around the 24700 level.

RossLarter

JSE:SBK is showing a bearish engulfing candle at quite a significant resistance level. It will most likely come down until it reaches the support level at around 160000.

RossLarter

Entered a JSE:FSR short position because of the Dark Cloud Cover on a very strong resistance. We will look to ride this one out until the support level below.

RossLarter Updated 

JSE:AGL looking good for a possible short trade. A shooting star pattern formed on Friday last week. Today's movement has been upward so far, but heading towards a resistance zone. Stochastic in over bought territory - if it crosses down, this will be confirmation.

RossLarter Updated 

Long position entered on JSE:CPI on 23/10/2018 because of confirmation from MACD, Stochastic and cross of the 3 and 15 EMA's.

RossLarter

JSE:CPI is traveling in an upward channel, having bounced off the support on 11th October, showing a hammer candle - indicating a possible short term trend reversal. First target is the resistance area at around R1028 and second target R1077

RossLarter

CPI Capitec is traveling in an upward channel, having bounced off the support on 11th October, showing a hammer candle - indicating a possible short term trend reversal. First target is the resistance area at around R1028 and second target R1077

RossLarter

JSE:ABG has been trading in a channel between R170 and R146.50. It is currently heading to the support zone at the bottom of the channel, and we expect a bounce and a move upwards towards the top of the channel. The stochastic is confirming this as it heads to oversold territory with the expectation of turning up.