Trader-Dan

Trader-Dan Jan 24, 2024

The stock has broken back about its rising 20/50 emas and looking good for continued upside . Ideally bulls will want to defend R23.80 now to target R27.00 The bigger monthly picture is also looking bullish!

Trader-Dan Jan 24, 2024

The stock is currently in a short term up trend and testing its 52 week highs. Volume is encouraging and we possibly formed a cup and handle formation which could propel it further. The hurdle to pass is the swing high at R2.64.

Trader-Dan Jan 24, 2024

The SP500 keeps on surprising to the upside and the chart clearly shows that bulls are in control. The large cup and handle could take us all the way to 6000. Initial target of this swing high break is 5125-5215. Major support @ 4600 now

Trader-Dan Jan 19, 2024

The stock has reversed back into a previous zone of accumulation. I will be looking for support here at 200 day moving average to enter a long position. Preferably bulls would like to keep price above the R52 level. RSI in oversold territory.

Trader-Dan Jan 18, 2024

Taking an initial position long on Goldfields here with a tight stoploss. I will add on a successful break of the R254 swing high if we get there. A decent cup & handle in the making with a good risk /reward ratio. Stoploss and final take profit on the chart .

Trader-Dan Jan 18, 2024

The stock traded to a high of R119.13 in late November last year and has since broken down to an area of interest. It will be important to see if bulls can hold the trendline that extends from May 2023. No position as of yet, will see if any buyers step in.

Trader-Dan Jan 15, 2024

The R120 level continues to be a strong resistance to on this stock which is due to release earnings soon. A positive break of the area could lead to a decent leg up. R110 needs to be defended on the downside or risk a break down to test R105 or lower.

Trader-Dan Jan 11, 2024

The dollar index is currently stuck in a consolidation ahead of important US CPI data. (Diamond pattern) It will be key to see which side it breaks from here as these patterns can either be "continuation" or a "reversal" setup.

Trader-Dan Jan 11, 2024

After a successful trade in November last year , I'm looking to reload here for another swing long to the top. The volume on the down move has been low so I'm still bullish on the stock . Stoploss and take profit levels on the chart. Previous post

Trader-Dan Jan 11, 2024

The stock has been one of the few up-trending names on our market. It looks to be breaking out of its recent 2 month consolidation. I happy to hold or add to the position while we stay above the 50ema. original idea in the link below

Trader-Dan Jan 4, 2024

Goldfields has retraced back into an area of interest R254-R240 There is also the up trending 200ema at R248. I will be looking for signs of support here to initiate a long entry. A move back to close gap at R290 would make for a great first target.

Trader-Dan Jan 4, 2024

Mondi has been on a solid trend up but has reached a major resistance zone and may be due for a pull back to the rising 50 ema . Bearish MACD crossover & RSI divergence SL & TP on the chart

Trader-Dan Jan 4, 2024

The stock has had a solid run up but it now displaying signs of increased selling pressure at these levels. RSi+MACD divergence A close of 20ema below the 50ema will increase the odds of a pullback to the rising 200ema. SL and TP on the chart

Trader-Dan Dec 13, 2023

Aspen has reversed pretty much all of the down move after its earnings release in August this year. Does it manage to breakout here or do we see it reset some of this move? The first sign of weakness will be a close below R185. No position.

Trader-Dan Dec 13, 2023

The stock has run hard from swing low (currently up +43.66%) RSI is in overbought territory and we at the next major level of interest. Bulls need to defend R194 and more importantly -> R183 in the short-term to keep the momentum going. Successfully doing so and next logical target is the swing high around R225.

Trader-Dan Dec 13, 2023

This is a speculative play which seems to be trying to break out of a base which started in September. I will be looking for a pullback towards the 20ema and successful support at the 68-70c zone to initiate a starter position. If successful, we could see the stock back at R1 in a relatively short time period.

Trader-Dan Dec 6, 2023

Bitcoin has now entered into a new zone of interest $42200-$48600 after a successful breakout from a cup & handle pattern. I remain bullish while $42200 is defended and look to the smaller time frames for pullbacks to buy longs intraday. Note: RSI is overbought so best to keep the risk tight

Trader-Dan Dec 5, 2023

The stock has been trading in a sideways channel since the beginning of this year. Currently its attempting to break out but the wicks above R3500 is an indication of sellers still around. Tencent has also been up against its 200ema and has today come under pressure. Expecting a sell-off on NPN towards its rising 20ema. Failure there opens a possibly deeper...