runyamhere

runyamhere Updated 

AMD is hitting the resistance of the broadening wedge, from a daily chart perspective price is seeking a daily cycle high so there is an opportunity to tru and hit resistance again but once a swing high forms at the weekly we have higher confidence that price will retrace at minimum to the black mid-line.

runyamhere

In week 24 we have closed our long position (see linked idea), Aspen is hitting channel resistance & 100% extension of the fib. Once price sets a swing high, we can be certain that trend reversal has started therefore a short position can be opened.

runyamhere Updated 

Aspen is consolidating in a symmetrical triangle, it has good support in the triangle and the median line of Pitchfork. On the weekly perspective we are in time for a half cycle correction hence I expect the price to resolve upwards. The stop-loss is R185.41

runyamhere Updated 

MTN price went below R131.25 representing a cycle failure, since this is early in the cycle, we can expect price to begin trending downwards with high probability we are going below R107.35 (the previously weekly low). The share has also failed to recover the broadening wedge. In the short-term we can expect a weak bounce out of a half cycle correction.

runyamhere Updated 

Old Mutual is seeking a low on the long-term time frame. Currently bouncing off support. More risk accepting investors can accumulate at these levels as weekly swing low is confirmed, longer term traders can wait for a swing low confirmation on a monthly basis. The target profit from this move is at least 25% at which point a downtrend can be expected to resume...

runyamhere Updated 

The share appears to be in distribution, the RSI is already showing negative divergence building up. The blue line is where we expect price to fully confirm that a weekly drop is well underway besides the weekly swing high already confirmed. We can also see price has exited the rising wedge & has backtested it, long positions are best taking profit at these levels.

runyamhere Updated 

Quilter is in the timing band for a daily cycle low, we will know this is confirmed when price closes above the pink resistance line set over recent price action. Investors who missed the bus can consider this as a safer entry point, higher risk accepting investors can buy before confirmation by considering how price is bouncing off the support of 200DMA, dashed...

runyamhere Updated 

Gold price has gone below 17 January price, this represents a cycle failure, the support where price is sitting on will give way and the $2,000 level is lost, bulls who were waiting for "to the moon" will only help the bear cause as they trigger stop losses. However this will present a good buying opportunity not far ahead.

runyamhere Updated 

NVidia left behind a yawning gap, it is now testing the support formed after that gap, the price point of failure is $403.11, if we go lower than that we have higher conviction that we drop to fill the gap. For now indicators show it is oversold so we can expect a bounce which I would expect to be rejected at the intersection of horizontal resistance and median...

runyamhere

CFR is climbing into a cycle high, we can expect that to come at R3,080.00 (1.618 fib level), if it runs further there is R3,190 which is the median line of the Pitchfork (not shown to declutter). The daily chart is building some negative diversion while the weekly is becoming overbought.

runyamhere

SPX is at an interesting place, it meets the trendline from Dotcom bubble top through January 2022 top. There is also 0.618 extension of trend formed from COVID19 lows. Can history repeat itself, will the time window of COVID panic induce another run for the exits?

runyamhere Updated 

British American Tobacco has had a lengthy weekly, now price is looking to bottom then confirm the weekly low. We are looking for a swing low confirmation & a close above the 10 period moving average to confirm that we have left behing a weekly low. We have drawn a bullish Pitchfork which we would want to see guide price on the way up. We can see on the TSI that...

runyamhere Updated 

Cashbuild is in pursuit of a weekly and yearly low price, here we see price finding support at the 0.382 line of the Pitchfork bouncing off it. In the process it has created hidden divergence on the TSI & RSI indicators. We can open a long position when price closes above the 10 week moving average, more risk accepting investors can go long on weekly swing low....

runyamhere

The price of platinum went below 17 January ($880.51), this represent a cycle failure so we expect price to continue maintaining a bearish drop into a weekly low price.The previous 10 weekly cycles had an average of 32 weeks, we are currently at week 12 so it might be a long way to go unless we have a very short weekly cycle of around 20-22 weeks.

runyamhere Updated 

Vodacom is now on the low end of a yearly cycle with price near the COVID low, this is the longest yearly decline for Vodacom. We will use the weekly chart to gauge the right entry point, we look for the following parameters: 1. A swing low (confirmed) 2. A close above the 10 week moving average (confirmed) 3. A close above the green declining resistance...

runyamhere Updated 

Sasol is likely leaving behind a cycle high as it got a strong rejection at the 200DMA, the blue line defines a cycle, we expect price to close below this line moving into a daily cycle low. Price is in a rising wedge channel (bearish). Bulls would want to avoid price going lower than R225.22. It is noteworthy that enroute to a daily cycle low, price must go lower...

runyamhere Updated 

There was much hype around the launch of Bitcoin ETFs with many "experts" predicting a melt-up, so far the event has been met with a sell-off. If there were many buyers expecting a price move upwards, then there might be sufficient stops to be triggered. The number to watch is $40,181.00, any lower than this means the cycle has turned bearish with price expected...

runyamhere Updated 

Glencore is in the timing for a daily cycle low, price action has carved out a symmetrical triangle that can break either way. Our guide is the previous cycle low with a price of R99.03, anytime we go below this price we know the trend has turned bearish. We also see the megaphone pattern going back to the COVID low. The support of the megaphone needs a third...