RossLarter

RossLarter

JSE:SOL has broken through a 5 candle support line with a fractal at the top of the move. The stochastic is also confirming by crossing downwards. A short was triggered because of these factors. We are looking at a target at around the R210 level.

RossLarter

JSE:GLN has been trading in a sideways consolidation channel since mid June. Yesterday's price action broke out of the bottom of the consolidation area and today's price action seems to have followed suit triggering our short position. We are aiming for a target down at the R87 level.

RossLarter

A short position has been triggered on JSE:FSR based off of our momentum strategy. The MACD triggered a while ago and the EMAs and stochastic confirmed the downward momentum yesterday. We were entered into the trade on this morning's price action.

RossLarter

We have been getting a lot of downwards momentum on $VELOCITY:XJSE_KIO_CFD. All of our indicators from our momentum strategy are pointing downwards. I anticipate that the trade will either trigger today or tomorrow and we will see a nice downward move from there.

RossLarter

After our stop loss was reached when it broke out above the consolidation zone, it became clear that our trigger to enter long was a false breakout of the consolidation zone. With yesterday's move, VELOCITY:XJSE_EXX_CFD has broken out of the bottom of the sideways consolidation zone. Let's hope this short position works out better than the long position did.

RossLarter Updated 

Very similar to the AGL idea we posted , VELOCITY:XJSE_EXX_CFD has also broken out of a sideways move and is looking to head upwards. Our target is at 207, but it might well find some resistance along the way.

RossLarter

All 3 of our momentum indicators have triggered a short on $VELOCITY:XJSE_GFI_CFD. Along with this, the fractal on the bottom of the 25th July candle has been broken, also signifying a short position. With today's price action the order was triggered and we are looking to take the trade down all the way to the 237 level.

RossLarter

All 3 of our momentum indicators have turned upwards on $VELOCITY:XJSE_PPH_CFD. If it moves upwards from here our long order will be triggered.

RossLarter

VELOCITY:XJSE_BVT_CFD has broken out of an ascending triangle that it has been trading in since mid June. A long position has been triggered and we are looking at a target at around the R300 level.

RossLarter

VELOCITY:XJSE_AGL_CFD has been trading in a sideways consolidation since mid June. With yesterday's price action it broke out of the consolidation zone on the way up. If the long position is triggered, we will aim for the a target at 675 if it can get through the resistance levels on the way there.

RossLarter Updated 

VELOCITY:XJSE_PPH_CFD is showing signs for a potential downward move. All of our momentum indicators have signaled the trade and we are just waiting for the price action to follow. Looking for a move down to the 14.36 level.

RossLarter

VELOCITY:XJSE_CFR_CFD has broken the 2900 support level and seems to be on its way down for a short position. Once triggered we will aim for the 2470 level as our target.

RossLarter

VELOCITY:XJSE_RNI_CFD broke out of an ascending triangle pattern a few days ago and triggered a long position. It is looking good so far and if it continues it will continue to make new all time highs, hopefully all the way to our target at the 486 level.

RossLarter

The stochastic, MACD and EMAs all confirmed a potential long position. The trade was triggered on a spike yesterday and it has since retraced. It does seem that it will continue with this upward momentum for now, but, as always, anything can happen.

RossLarter

A short position has been triggered on VELOCITY:XJSE_BTI_CFD The order was placed based on the crossing of the EMAs as well as the turning down of the stochastic and the MACD We are looking at a target at the 563 level which it last traded at in December 2021

RossLarter Updated 

A bullish Harami has formed directly after a doji candle on JSE:NPH A harami is a reversal signal and a doji candle signifies uncertainty in the market. Both of these indicators could be signaling a reversal to the upside. Today's price action is slightly down, but I think in general we could see an upward move towards the target at resistance.

RossLarter

JSE:MTN is showing all of the signs that a downward move is coming. Once triggered, we are looking at a move downwards towards the 117 price level

RossLarter

Our 3 momentum indicators, the stochastic, MACD and 3&15 EMA's are all signaling a short on $JSE:APN. We are looking at a target around the 160 price level.