That NASDAQ:MNST breakout I've been eyeing for a while is here, not much volume (yet). Nothing change on price action post 2:1 split, price split adjusted accordingly. Let's see today's closing price, which is will be the weekly closing price.
JSE:HCI printed a new all-time high this week, and there's a decent amount of volume. The upward movement might have some steam in it. Potential long setup, it's worth considering the overall market strength. Breakouts tend to fail in weak markets.
Better late than never. NASDAQ:INTC is joining other semiconductor companies in a supposedly bullish run. NASDAQ:NVDA has led the pack, with NASDAQ:AMD joining last week. NYSE:TSM has been on the forefront with Nvidia but it pulled back, as a results it's not among the leaders at the moment, but moving up. It's now a question of leader versus laggard. I...
It seems like there's a bit of confirmation for a potential upward move on JSE:ANH . Given the market conditions, erratic, any upward move is welcome. We might see JSE:ANH trade closer to R1500/shares. Going back below the recent resistance level invalidates a long idea.
As expected, JSE:TGA came with great results. >100% revenue and profit increases, and a fat dividend of R40/share. Great. The share price is testing the previously anticipated low of near R177/share; the share price has been moving downwards since the last dividend declaration. Hopefully buyers will step in at current levels, especially dividend hunters. It...
JSE:SUI came out with excellent results last week. Price action is encouraging, however, the general market is weak. A long trade can be taken with caution. Breakouts tend to fail in weak markets.
That was a disappointing breakout failure from JSE:MTN . Most of the MTN African subsidiaries reported decent results, and the Group came out with decent numbers. The tape is just weak.
JSE:J200 is now flat for the year, not total return. The market is all over; financials were strong, now weak. Gold miners attempted a rally that failed, they're on a second attempt now. Even JSE:STXFIN is now under pressure. It's probably a stock picker's market.
FX_IDC:USDBRO traded below $75 last week. Given the economic challenges, I'm open to weak oil prices. Unless there's a bounce at $71, we might see $64. How will this affect JSE:SOL , I don't know but I don't want to pay more than R30/L for petrol.
JSE:GLN took a deep dive slicing through what was a potential support level. The market is showing all kinds of weakness, it's prudent to stick to sound risk and money management. For some, it may be an opportunity to pick "cheap" companies. Whatever you do, know that it can get worse.
Keeping an eye on JSE:GLN price action. The share price is at an area of value, and a key MA. For buyers, a bounce up will be beneficial, and for sellers a break down will be beneficial. PGMs are getting wrecked, is there a bull case for a diversified miner like JSE:GLN ?
JSE:OMN is at an area of value. For investors' sake the stock better find the support here otherwise things aren't looking good. Bounce up to R74 seem like an impossible task, that path of least resistance is going down to R51. Not looking good.
JSE:PPH is now trading below the previous support level. The stock might continue to fall to ~ R16/share. No (long) position.
JSE:SLM breakout with massive volume. The price is also above the 2022 mid-August high of R59.50/share. Financial services could be onto something.
JSE:ANH has had an impressive run since it bounced off that support level, we didn't have a position. A confirmed breakout at the resistance level warrants a long position.
JSE:PPH is now trading below the (badly drawn) support level, if the stock close below this level by the end of the week we might see it touch R16.50-ish. No position.
JSE:TGA is now trading below R200/share. Technically, R175 is a possibility. No position.
Despite the recalls that threatened the upward move during the week, NASDAQ:TSLA anticipated upward move is still intact.