Unfortunately, Steel manufacture needs huge energy, but we all need and use it. The current problems with energy in South Africa only makes it worse. So I expect the price for Iron and Chrome to rise even with the so called recession. Please do your Analysis and comment. Regards Graham.
Severy oversold for a reason. No power in South Africa - ?? Zuma?? However things can change if a new Government can fix us. Will have to see.
Thungela seems to have printed an Inverse Head and Shoulder pattern, showing a potential +-20% upside if the Head formation plays out. I trust this plays out for those Invested. Use Stop Loss management with Alarm to your preferences. Regards Graham.
Grindrod Shipping had a nice rally, and Sold, so the Stock might have Rallied too Much, But with China Opening, could see a nice 40% recovery!
Wolfspeed has created an Inverse Head and Shoulder pattern as of today, and reached the target of my prior chart analysis. If all bodes as planned and the head plays out, the next target will be $79 +- after some 5% profit taking. Lets see. Regards Graham.
Moderna MRNA has printed an Inverse Head & Shoulder pattern as seen on the chart. I've removed the moving averages and changed the view to LINE so the trend pattern is easily seen. Recent Bullish action is supporting this great company that has recently been bashed down. Latest news could boost this tickers future income & profit? Lets see. Study Invest and use...
PAN African Resource is showing a Skewed IH&S Pattern. Pan African Resources (PAF, PAN.JO) secured a 1.3 Billion-Rand funding from Rand Merchant Bank and Nedbank for its Mintails project in South Africa . The Chart is self explanatory. I Trust the Pattern plays out for those Invested. Comments or thoughts are welcome. Regards Graham.
After a 1 Week Bull Run from 1st September, KAP JSE Printed a Head & Shoulder pattern that I missed. I hope the R1.50 level remains in support, as I got a few more here. After the SENS, all I can think as a reason is the Zero Dividend declaration. Will have to wait and see! Regards Graham.
Workhorse Group is printing a Potential Inverse Head & Shoulder Pattern. >$1.2 is a critical key level to break for a possible 20% gain. Lets give this down trodden Ticker some hope for recovery. Regards Graham Hitchcox
This is my Technical Analysis on African Rainbow Minerals. ARI.ZA.JHB So anyone can do a Chart based on history. But based on that HISTORY we all can Learn to see key POINT's where there where possible clues as to how we should've considered our Trades / Investments. {Grammar here Graham?} The Chart I've shown is trying to predict {Impossible} entry points for...
Montauk Renewables is Printing an Inverse Head & Shoulder Pattern as seen on this Graph. The Chart shows the Trend Pattern. I trust this Trend Pattern plays out for those Invested. Any thoughts or comments are welcome. Regards Graham.
This is my new Chart Trade Analysis (TA) for XPENG to update my prior one. And so far it is looking OK.
VW Shares Purchase should show future Support. Hype will settle, and then we go UP. XPENG should find Support around the Area of Target. I am still Long here to $40. Will have to wait and see. Only time will tell as markets are indecisive. Regards Graham.
Affirm Potential Seen Here using the conventional studies showing an upside. Using conventions of Head and Shoulders etc > Show there is a potential for an Upside. Time will prove the Strategy. Your thoughts and comments and critic's on my studies are welcome. Lets Work Together. Regards Graham. Invest.
Sasol Prints a Cup & Handle formation - however the Handle looks to have already played out. Should the Cup work the R273 area is possible. Lets trust it does for those Invested. Regards Graham.
This is a weekly chart looking back from the previous highs I am trying to see where there should be support, and it lines up at 38% level at todays price low so far at R850. Buyers need to come in quickly, otherwise the chart shows the next level down.
ABSA Small Inverted H&S seen here? Looking for R165 if the head plays out. Lets see.
Alibaba has been a difficult one for me at least. With all the HYPE about the splitting up to create value actually caused the stock to drop off dramatically and for me was unexpected. Looking forward, i.ve started to see some support, and I'm looking for a potential upside of +-20% to the 0.8 +- FIB levels. Time will tell. Your comments are welcome. Kind...