JSE Top 40 Index Short Term Rating: Overbought Also highlighted is the reading from my model. This highlights my view for 3x trading time frames: Short Term ( 1to 10 days) Medium Term (2 to 4 weeks) Long Term (5 to 8 weeks)
Price Action Talking Points Pre-Market JSE Sa mid & large caps: in the short term, it's getting crowded in here. Considering the technical summary below, it is a rarity seeing zero constituents in both the oversold phase and even more so in the high bearish momentum phase. Conversely, the high bullish momentum phase is populated with a remarkable 18 names and...
Price at time of publication: 8380. The index is in a high bullish momentum phase, while trading in an overbought range. Traders should consider this a short to medium term countertrend trade idea where the reward-to-risk is starting to favour sellers. My preference is horizontal trend lines however, it may be worthwhile recognizing the diagonal channels, where...
JSE Sectors Ratings Changes The colour = current position while I have also highlighted the position 5 days ago. You can use this to view the sector ratings change.
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
US30 - Momentum Regime Current: Strong, From Neutral Ascertain which phase the index may be in, as per the momentum regimes. Ranked from overbought to oversold.
EUR/USD - Momentum Regime Current: Strong, From Neutral Ascertain which phase a pair may be in, as per the momentum regimes. Ranked from overbought to oversold.
SBK - Full Target Reached I would be looking to re-enter on a pullback to the rising 8, 21-EMA range. For more research insights, get in touch today.
JSE Sectors Ratings Change The colour = current position while I have also highlighted the position 5 days ago. You can use this to view the sector ratings change.
Price Action Talking Points - Current risk drivers - SA Inc - JSE Technical Summary and more. For more research insights, including trade ideas, get in touch today.
Nasdaq Strong Bullish Reversal Nasdaq 100 index (Sunday 21 April): first daily close in short term oversold territory since September 2022. Can it trade lower? Yes it can, however traders need to look for opportunity to buy. Friday's daily low is the next pivot. One scenario is that it trades below this level followed by a reclaim of this level (also known as a...
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
SPP Spar Yesterday the share reclaimed the R100 level. My signal came at just above R90, with my note preparing clients to buy on a dip toward the R88 to R90 level. My original view has been inserted on the left hand side of the chart. For more research insights, get in touch today.
JSE Sector Ratings The table shows the current sector ratings vs 5 days ago, with a note highlighting the type of change (improved, weakened or unchanged). These views are subject to change.
Trade Ideas: My Watchlist (Non-Comprehensive) High level view of short term trade ideas. For more, get in touch today