munyaelliott

munyaelliott

Price is currently moving downwards, making a series of impulses, corrections and continuations. Therefore, bear flag patterns are written all over Gold's wall. I will expect to take a short position once prices breakout of the bear flag pattern and target the 1270 price level. If prices can break below the 1280 level and push to the downside, it could be a good...

munyaelliott

The general trend is up, however, prices seems to be correcting for a further possible downside continuation after some sell-off. For a long position, it would be prudent to wait for a retest of the channel resistance and then executing the buy trade.

munyaelliott

The price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should...

munyaelliott

The price has found support once again at the 55.75 level and started a small rally. I am quite optimistic about this stock as it has broken its unconfirmed descending trendline to the upside. This could be the start of a bull market. It has not been easy for investors in this stock as prices have tanked since its listing. Further upward movement will also be...

munyaelliott

Well, Microsoft Corporation (MSFT) just made it to the $1 trillion dollar mark. And it happens to be worth more than two times of Belgium's GDP. It also happens to be worth more than Appe and Amazon. What a day for them. Well as an investor, you would not want to buy the tops if there are not signs of a continuation. What's worse is that the price is making a...

munyaelliott

Platinum prices are currently moving in an ascending channel on the 4-Hour timeframe, and they arfe currently almost completing a bear flag pattern. We can expect prices to move down and test the support zone at 874.30, and then push higher as they will be upper band of the ascending channel. Possible targets can be the length of the pole of the bear flag...

munyaelliott

Price is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern. Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.

munyaelliott

Price is currently stuck in a small range with support at 18 300 and resistance at 21 920. This will be a risky trade (not that there is no trade without risk) because we will be going against the trend. However, the risk reward of 4.33 gives me the confidence to still take on this position. My entry will be at 21 550. Break a chart!

munyaelliott

Price is moving in a range on the daily timeframe, with the support level at 2 120 and a resistance level at 2 370. Though it is possible that price may move further up to close the massive gap on this stock, it is my belief that prices are going to continue further down due to a cluster of orders that are sitting at or above the resistance level. The daily...

munyaelliott

The share price for British American Tobacco (BTI) has been moving in a descending channel on the daily timframe, as evidenced by lower highs and lower lows. The price has just broke out of a corrective ascending channel (counter trend) on the 4-hour timeframe and came back to retest the previous-support-turned-resistance at the price level of 57730. I expect...

munyaelliott

Gold prices are currently breaking down out of what i thought initially to be an ascending triangle. Well it still looks like one. This is a clear message to breakout traders to never try predict the direction of the market, but just to follow prices. i believe it will continue lower and other commodities like sugar might also follow. Let us wait and see

munyaelliott Updated 

The price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year...

munyaelliott

The stock price for SASOL is moving in an ascending channel, and my natural bias would be for a short position. However, it is always best to wait for price to show its hand before making any bets or predictions. It is still possible for prices to continue up as the general trend has been bullish.

munyaelliott

There is no magic crystal ball here. Whether you are on the daily timeframe or 4-hour, the stars are aligned baby! The price for this stock is moving in a clear range with the support at 15 760 and the resistance at 17 825. Now we can see a bearish candle start to form at the top, and a second closure of a bearish candle will likely be my trigger for the trade. A...

munyaelliott

Ever since price hit highs of 21550 in October 2015, it has been tumbling down and lately price are finding some support, possibly to start a new uptrend. However, this would only be confirmed if prices can close above the resistance zone and possibly retest that level and continue higher. Any buy setups now would be done in a range and it will be up to the trader...

munyaelliott

In the spirit of load-shedding in South Africa, i decided to try out the dark theme. Without futher ado, let's start our analysis. The price for this stock is forming a descending broadening pattern, and i expect it to continue to bounce against the pattern's support and resistance zones. The price for this stock is currently creeping towards a resistance level...

08:57

munyaelliott

Price has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter...

munyaelliott

The share price for this stock has been moving in a downtrend, as evidenced by the descending trendline. Prices have already rejected the 22.95 price level, and I expect price to tumble down to the zone represented by prices between the 21.90 and 21.50 level. This stock has been in a downtrend since it hit all-time highs of 58.90, around 26 January 2011. The...