RossLarter

RossLarter

VELOCITY:USDZAR is showing signs that it might be heading downwards. Although none of our indicators have crossed just yet, if the price action continues downwards we could be looking at a nice downward move. I have set the take profit to 1:2 Risk to Reward. I think that is pretty aspirational, so if the trade is triggered, I will monitor it and adjust the stop...

RossLarter

We have placed an order on the VELOCITY:CADJPY based on the crossing of the EMA's the stochastic and the MACD. It could potentially turn down, but if it continues upwards, the trade will be triggered. Risk: Reward is 1:2

RossLarter

It took a while, but the long position on JSE:MTN was finally triggered with yesterday's price action. Today's move is looking good for a continuation to the upside. Target at the 146 level

RossLarter

JSE:VOD has triggered a long position. This is based off of the stochastic, MACD and EMA's crossing upwards. We are looking at a target at the highs from the end of July 2022.

RossLarter

based off of the turning downwards of the stochastic and MACD as well as the downward crossing of the EMA's, it looks like we could see a downward move for JSE:AGL

RossLarter

JSE:ARI is showing all of the signs for a good short position. If it breaks below yesterday's lows, the short will be triggered.

RossLarter

JSE:EXX is looking good for a short if it breaks out of the upward channel it has been trading in. The stochastic, MACD and EMA's are all confirming the short, but I will wait for it to confirm through the bottom of the channel.

RossLarter

A short has been triggered on JSE:AMS . We are looking at a target at the strong support level of around the R1250 level.

RossLarter

JSE:MNP is showing all of the signs for a good short move. The stochastic and MACD both turned downwards and the 3 and 15 EMAs have crossed eachother in a downward direction. We are looking to reach a target at the 251 level which coincides nicely with previous significant lows from March this year.

RossLarter

A short was triggered on JSE:SLM this morning and it has already moved quite nicely in our favour. Let's hope this momentum continues all the way to our take profit level.

RossLarter Updated 

JSE:REM is showing downward momentum and is looking good for a short position. If triggered, looking to ride it out all the way to the target at R122.

RossLarter

A short has been triggered on JSE:OMU with today's price action so far. The signal was created based off of the stochastic turning down through the 80, the MACD going into the negative, and the EMA's crossing downward. Our target is all the way down at R7.76

RossLarter

A bearish harami formed on JSE:BID two days ago. It came very close to triggering our order yesterday, but just missed it. Once triggered, we aim for a target at the 27800 support area.

RossLarter

JSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.

RossLarter

JSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.

RossLarter

The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.

RossLarter

JSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.

RossLarter

An evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.