TraderBrett

TraderBrett

SASOL is now back into its shortterm WEEKLY range after a break above resistance but a failure to hold, it may now retrace to around R260 its next SUPPORT level

TraderBrett

Richemont is on strong WEEKLY SUPPORT, can it hold?

TraderBrett

Anglo Platinum is at the top of a rising wedge on the DAILY. It was unable to hold a break at the end of last month and fell back to the bottom support. Can it break above and hold this time? A rising wedge is generally a Bearish pattern so if it fails to break and hold above we expect it to break through the bottom and for price to fall. Next week will tell us more!

TraderBrett

DISCOVERY is pulling back at WEEKLY RESISTANCE

TraderBrett

IMPALA PLATINUM seems to be forming a top, the WEEKLY RSI is oversold but is not pointing down yet. We are watching for more confirmation to enter a SHORT position with a target at the next support level around R70.00

TraderBrett

FIRSTRAND is moving up strongly towards its weekly resistance around R70,50.

TraderBrett

Goldfields GFI has formed a DOUBLE TOP and has retraced down back into its previous DAILY range finding support on the bottom of the range. The full target of the DOUBLE TOP is round the R60.00 area where there is also the next area of horizontal DAILY support. Weakness in the GOLD price and a strengthening RAND are both inline with this weakness in GOLDFIELDS.

TraderBrett

Anglogold is heading down towards its trendline support, it is also on horizontal support where the price did rebound slightly intraday. The RSI is still heading down but is starting to flatten out.

TraderBrett

TKG has formed a head and shoulders pattern at the top of an UP trend on the WEEKLY chart. SUPPORT has been broken and now retested as RESISTANCE. Full TARGET for the pattern is R68.40

TraderBrett

Old Mutual is looking good, the RSI is pointing upwards and the price is heading up from SUPPORT towards its first DAILY horizontal resistance at around R19.00 after that weekly resistance comes in around R21.00

TraderBrett

We can expect the RAND to strengthen further with regards to the DOLLAR after it reached the top of its current trading range but was unable to break out and then started to head back down.

TraderBrett

MCG has broken out the bottom of its daily range, and the target is now the bottom of its previous daily range around R120.50

TraderBrett

Woolies has been trading in the shaded range since June last year. On Friday price broke through the top of the range but was unable to close there after the sellers came in and forced price down. Will WHL now start heading to the bottom of the range?

TraderBrett

SOL has broken through and closed above the downtrend resistance on the DAILY, a break above and close of the shortterm sideways resistance will give us confirmation that the trend may be turning.

TraderBrett

AGL has broken its long term support, support now becomes resistance and it has retraced back to the trend line but has failed to break back into the long term trend. Is this now the "goodbye kiss" before further weakness?

TraderBrett

AGL is on weekly trendline support. This support has been in play since Jan 2016.