TraderBrett

TraderBrett

Mr Price is up against its DOWNtrend resistance. The RSI is showing momentum is in favor of more upside to come. First TARGET is around R174.70, the top of the current DAILY range.

TraderBrett

MR Price DAILY made a strong move yesterday to break its DOWN trend, but was unable to close and fell back down to close below its open. Another attempt today? Worth keeping an eye on.

TraderBrett

Remgro WEEKLY is breaking its DOWN trend, after a test and failure last week can it hold and follow through? The RSI is pointing upwards which indicates momentum is to the upside

TraderBrett

GOLD broke out of its DOWNTREND last week, but fell back into it yesterday. We expect some sideways action.

TraderBrett

Woolworths DAILY has broken out off a triangle.

TraderBrett

MTN WEEKLY is finding SUPPORT around the R94.20 level, this area was previously RESISTANCE. The STOCHASTIC is OVERSOLD, pointing upwards and crossing the TRIGGER line.

TraderBrett

Multichoice DAILY broke out of its range and may now test the next RESISTANCE around R131

TraderBrett

Multichoice DAILY has been trading in a tight range for the last nearly two months between R118 and R123.50. The last two days it has traded over the whole range but has been unable to close above it. There is strong selling pressure around R123.50, seen by all the long wicks around this area. Will it break out or trade back to the bottom of the range?

TraderBrett

The Finance Minister Medium Term Budget Reality check. Ouch!

TraderBrett

BHP has reversed on its WEEKLY up trend SUPPORT. The WEEKLY stochastic is starting to point upwards and has crossed the TRIGGER line.

TraderBrett

Remgro WEEKLY is pushing up against the DOWN trend RESISTANCE, will we have a break this week?

TraderBrett

Discovery DAILY is heading for DAILY RESISTANCE around R132.65 RSI is pointing up showing the momentum is in favor of this move. If resistance is broken the next TARGET will be the DOWN trend resistance around R142.50

TraderBrett

GOLD USD WEEKLY is breaking out of a flag. USD1555 is the TARGET.

TraderBrett

Woolworths DAILY has hit WEEKLY RESISTANCE and pulled back, the DAILY STOCHASTIC is oversold and starting to head down. WHL may move between WEEKLY RESISTANCE around R58.20 and DAILY SUPPORT around R56.20 before breaking out.

TraderBrett

Can REMGRO hold above the downtrend RESISTANCE today? After a break last month but then a move back into the down trend REMGRO broke through yesterday and closed above the down trend.

TraderBrett

BHP is on its daily trend line SUPPORT, support that has been in place since Jun 2017. We are watching carefully, RSI is starting to point upwards , if the share starts to turn around then the 200 day moving average at around R328 would be a good target.

TraderBrett

Sasol WEEKLY needs to break R291.50 and close above it to then target the next overhead RESISTANCE at around R323.30 The RSI is looking good for a further move to the upside.

TraderBrett

Remgro DAILY is pushing up against the overhead down trend RESISTANCE. After a break and close above a month ago but failure to follow through, high volume yesterday after a break to push the price back down back in to the trend. We wait for a break of the down trend and follow through. the WEEKLY RSI is pointing upwards supporting this view.