Trend_Trader_JSE

Trend_Trader_JSE

JSE:ANG could be onto something. The stock cracked weeks ago witht the rest of the gold stocks. We noted a potential support level, and now the stock is trading above a key MA. It looks bullish to me.

Trend_Trader_JSE

JSE:TFG is at an area of value, near a key MA and near a resistance level. Based on the MA, JSE:TFG can move past the resistance level, however, the stock is trading ex-dividend on the 19th. There we might see a R1.50 price drop. The stock is interesting nonetheless.

Trend_Trader_JSE

Following a promising rally in TVC:GOLD futures, gold miners benefited from the rally. However, JSE:ANG has given back all the rally gains. JSE:ANG is now trading below what was a potential support level, and it's trading below the 200 dMA. From this view, the stock is bearish, but fakeouts do happen.

Trend_Trader_JSE

AMEX:XLK is up nearly 40% year-to-date, with a decent recovery in the tech sector. NASDAQ:AAPL hit $3 trillion yesterday and other ETFs such as the JSE:SYG4IR are benefiting from the tech strength. AMEX:XLK is now near the previous all-time high, if there's enough strength from the holding companies, this level should be cleared easily. Keep moving.

Trend_Trader_JSE

JSE:SOL better hold that R225 level. There's potential pain below it. The rally to R265 was promising, unfortunately, it ran out of steam.

Trend_Trader_JSE

Gravity seems to be strong for PGMs miners. After several attempts to stay above R32, JSE:SSW has given up. R22 does seem like a possibility. Froneman, do something.

Trend_Trader_JSE

JSE:TGA back at the recent low level, not the absolute low. A break below the absolute low will send the stock towards R120/share, with a possibility of reaching R100/share. Time will tell.

Trend_Trader_JSE

JSE:SOL seems to have found support near R226 and has fought its way to low R260s. A close above R265 will be interesting. Let's not discuss oil prices and other stuff that's going around globally.

Trend_Trader_JSE

NASDAQ:GOOGL at another area of value. A close above $127-ish opens a window for a potential move to $142. Always rooting for the upside.

Trend_Trader_JSE

JSE:ANH back below the previous resistance level. The previous long trade idea is now invalidated; our stop was hit few weeks ago at break-even. Might be a good setup for a short position targeting R800 (a worse case scenario for the stock).

Trend_Trader_JSE

JSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions. How low can it go? Note that JSE:CLS and JSE:MRP are also weak.

Trend_Trader_JSE

It obviously depends on how far you zoom out and how you draw the trendlines. However, the chart doesn't paint a good picture for JSE:SSW Buyers are needed to step up and save the stock. No position.

Trend_Trader_JSE

JSE:IMP is at a multi-year area of value. This is supposed to be a support level, I wonder how long can it hold. If it fails the stock will have a rough ride. No position.

Trend_Trader_JSE

NASDAQ:TSLA could be onto something. An upward move confirmation will be a close above $211-ish. I saw a tweet saying that Model Y was their best-selling car in Q1 '23 but this is irrelevant to the technical setup.

Trend_Trader_JSE

I've been waiting for NYSE:BABA to crack on the upside and the stock has consistently disappointed. Maybe a downward move is all that is needed now.

Trend_Trader_JSE

JSE:SYG4IR is one this week's 52-week high. That's a wide base, and the ETF is at an area of value. It may be worthwhile to consider this ETF.

Trend_Trader_JSE

JSE:TGA has been on a downtrend and breaking below potential support levels. The stock fell ex divi, and it's now hovering near an area of value. Without support at this level, the downward movement will continue. R120?

Trend_Trader_JSE

The JSE:STXIND is on the verge of printing a new all-time high. The ETF itself can be bought, one can also consider looking at the ETF holdings to check if the holdings are also at or moving towards buy zones. Tree in the forest approach.