RossLarter

RossLarter

We entered a long on JSE:CPI based off of the crossing of the EMA's and the turning up of the stochastic and the MACD. The trade is looking good so far with it being about a 3rd of the way to the target at 1925. It may find a bit of resistance at the current level, but I think we can potentially see a nice profit at the target if this momentum continues.

RossLarter

Similar to our JSE:NPN trade, , the bullish engulfing that formed on JSE:PRX seems to be playing out nicely, and I wouldn't be surprised if it reached is target in the next few trading days.

RossLarter

We entered a long position on JSE:NPN on the 22 of March based off of the engulfing candle from the previous trading day. It is currently looking great and we are well on track to reaching the target at the 3550 level.

RossLarter Updated 

With the past two days' price action, JSE:KIO has broken out of the bottom of a sideways consolidation that it has been trading in since early Jan. If all goes according to plan, we can expect a move all the way to the support level at the 417 area.

RossLarter

A bearish engulfing formed on JSE:IMP two days ago. The short position was triggered yesterday and it is looking good so far. The target lines up nicely with the low on the 15th of July 2022.

RossLarter

All three of the momentum indicators signaled a short position on JSE:BID . Yesterday's price action triggered the short position. We are now aiming to reach the target around the 334 level.

RossLarter

All signs are pointing to an upward move on JSE:REM . We are looking to reach the target at the previous resistance around the 153 level.

RossLarter

Our momentum strategy is showing all of the signs for a long position on JSE:ABG . We are aiming for a target at the 221 level and a stop loss at the 191 level with a 1:2 risk reward ratio

RossLarter

A bearish harami formed on VELOCITY:USDZAR at a previous resistance level which is often a sign that a downward move is coming up. Will keep an eye on it it to see if it triggers soon.

RossLarter

The short we entered on VELOCITY:EURUSD two weeks ago is still looking good and we are well on track to making a nice profit. Keep an eye on the 1.05000 level for possible support.

RossLarter

JSE:MTN price has broken out of a bullish pennant pattern that formed over the last month or so. It seems to have retraced a bit since, so we will have to wait and see if the trade gets triggered.

RossLarter

Our momentum strategy has triggered a short position on VELOCITY:EURUSD . Target coincides nicely with with a previous support level around the 1.02800

RossLarter

On the 1st of Feb the price on JSE:ABG broke out of the ascending triangle it has been trading in. It has since retreated and gone back into the triangle. It seems as though it is currently retesting the levels at the apex of the triangle. If it breaks through the triangle again, I believe we will be in for a nice long position. The target would be around the 227 level.

RossLarter

A short position has triggered on JSE:AGL based off of the signals from the stochastic, MACD and EMA cross. We are looking at a target at around the 619 level.

RossLarter

A short has been triggered on JSE:ANG based off our momentum strategy. we expect it to reach the target at the 317 area.

RossLarter

JSE:OMU has broken out of an ascending triangle that has been forming since late Nov 2022. If it continues up, the trade will be triggered with a target around 1375.

RossLarter

The bearish engulfing on JSE:GLN seems to be playing out quite well so far. Along with that, the stochastic and MACD have both turned downwards, so once the EMA's cross in a downward direction, the momentum strategy will also be triggering and alert on this one.

RossLarter

JSE:ARI is showing all of the signs for a possible short position based on our momentum strategy. If it continues downward, the trade will be triggered and we will be looking at a target around the 250 level.