runyamhere

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Having found support at the 200 day moving average, price is now forming a rising wedge which we expect to break to the downside. From a cycle perspective, price is seeking a half cycle correction before moving higher towards the objective of filling the wedge. Onve we have a cycle high we expect price to go down breaking the wedge support towards the blue and...

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Sanlam daily cycle is seeking a half cycle high on day 17, however we note the following: 1. TSI & RSI are putting negative divergence. 2. The RSI is showing overbought and beginning to turn. 3. Switching to the weekly chart we see overbought conditions as well. Given the above, the earnings report presents a risk to the downside, the cycle would be confirmed to...

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Clicks is in a bullflag that will culminate in a cycle low, the share needs to have 8 September as a cycle low for it to remain right translated (somewhat bullish). For price to confirm a yearly low we need to close above the green resistance on a monthly basis, a tall order. Earnings come in week 21, which is close to a cycle top & a time for an expected daily...

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Anglogold is in a falling wedge and we see price ready to breakout to the upside in the process confirming a weekly low price at R299.07. If we close above the green resistance, we want price to remain above the pink support in a move higher. This will guarantee a cycle where we will break that support onto a daily cycle low later in October ensuring we have a low...

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NPH is seeking a weekly low price, here we see price back at the median support of the Pitchfork, a good area for a bounce. Price can move to the resistance of the Pitchfork and breakout. If it fails then we can expect a visit of the median line but this time lower and support of the blue parallel channel comes into scope.

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If platinum miners are showing strength then we can expect Impala to join the bandwagon, in that case we look at weekly trend being confirmed through the following: 1. Closing above the blue line means we are in a new weekly cycle meaning higher for longer. 2. Closing above the green line means we are in a new yearly cycle, the dashed purple line becomes a...

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Given the price action in the USD dollar index ($DXY), we can expect downward pressure on precious metals, Platinum already has a failed daily cycle, meaning the platinum miners will follow. Impala has found support on the 200DMA which will attract traders. As can be seen, price fell out of a rising wedge (bearish), so the bounce in price has can either: 1. Rise...

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BHG finds itself in a rising wedge, price recently struck support where it shows intention of a cycle low. As it tries to move up there is blue horizontal resistance with median of Pitchfork not further up. To confirm a cycle low price must close above the blue downward slopping resistance and 10DMA, if it meets this & turns down going lower than R544.01 means...

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PPH has met the conditions set in the main idea, now we see price trending downwards into a daily cycle low. Ideally we want price to touch the blue support line and create a double bottom with 23 June. This will propel price above the 200 day moving average. Our goal is to open a position when we close above the steep pink line near current price on a daily basis...

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We have previously mapped the bearish cycle for Richemont, price is now arriving into a horizontal support zone where we can expect a daily cycle low. We will know this is confirmed when price closes above the blue downward slopping trendline. The pink resistance line is where price confirms a weekly low is behind us. Our expectation is that price might want more...

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Shoprite is finding little buyers as price nears all-time high, we can see volume dropping as price pushes higher. On indicators, worrying signs are beginning to develop: 1. TSI & RSI are putting negative divergence. 2. The RSI is showing overbought and beginning to turn. This is not an ideal place for one to go long, we need the indicators to reset which is...

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Shoprite price action favours a bearish turn, for the following reasons: 1. The R250 area is strong resistance, many bulls were trapped here in 2018, they will want out. 2. It is late in the weekly cycle so price must find its way to the bottom, for we expect price to go below R223.36 at least. 3. The pink downward slopping trendline is adding to the gravity...

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Looking at the daily chart, we can see Sanlam forming a descending triangle formation which we can expect to break down or put a break higher then make a round trip on the triangle (Around the Apex) move. The RSI is building negative divergence. As emphasized on the notes to the monthly view, one would have taken profit partially for later deployment on the lows.

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The weekly view of Sanlam shows the share is in week 27 & ended the week with a reversal candle. The drop towards weekly cycle low must drop to below the pink upwards slopping support line. Once we reach that point we look for a turn to the upside, however the drop must not go below R46.86. Current price can also be seen to turn away upon hitting the 200 week...

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The price for KIO hit a target of 2 intersecting trendlines providing a springboard for price to move upwards. Will be looking to go long observing the following factors: 1. Price closing above the blue trendline 2. A short-term back-test is a good entry for more risk acceptance 3. Profit target of at least 30%

runyamhere Updated 

Multichoice has a carved a tight falling wedge, price has retraced to near COVID lows, we end the week with a hammer candle, now we look for a swing low confirmation and price closing above the green line for a long position.

runyamhere Updated 

Mr. Price recently confirmed 01 June as a weekly low, it is now in the second daily cycle and dropping into a half cycle correction that usually comes around day 27 to 32. This it must do without going lower than R138.35, the overall market conditions are what makes Mr. Price vulnerable. The share has somewhat of a blue rising wedge that appears to be breaking...

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The DXY presented with a failed daily cycle by going below 22 June low, what followed was a sharp sell-off. We ended the week with a sign of reversal which is simply one to be viewed as a relief rally before going down further. The RSI being oversold might attract buyers but I expect the price action to mimic that between 15 November 2022 to January 2023 where it...