Idea Update: ANH +28 In 3 Months - Strong Move, +28% To Recent Highs Original idea attached. For more research insights, including trade ideas, get in touch today.
LONG PIVOTS: The highlighted levels may or may not trigger during the upcoming trading session. Dotted Horizontal Lines = Bullish Pivot. Required: Needs to hold above the pivot with intraday strong bids to trigger a long/continuation long or bullish reversal.
Harmony Gold HAR | For medium term traders, the share is in a bullish regime however, is approaching the 61.8% Fibonacci retracement zone, which is also in line with the prior swing highs and prior breakdown level as well as the prior swing highs. This range is 6720c to 6900c, which could be used to potentially start a sell position.
Anglo American Plc AGL | The structure I discussed in August is playing out, with the initial pullback slightly deeper than expected followed by a consolidation and strong buying activity which is seeing the share trade at 5 month highs. Note the gap close at 70700c. The 14-Day RSI approached overbought and failing to print a lower high while the price is printing...
Original idea attached. Local events pushing banks sharply lower today. In recent weeks, the sector approached an overbought range, trading 2x to 2.5 std deviation over 200 days. JSE:SBK sell idea 08-Nov: I was looking for a push higher followed by an eventual 'rollover'. For more insights, including trade ideas, get in touch today.
Short Term Outlook Chart Time Frame: 2 hrs Overhead resistance at 67081 Has made a second attempt at breaching the upper boundary of the channel with a balance between bulls (buyers) and bears (sellers) A downside breach of line A_B would see the index trend toward further the mid-point of the channel. Consider that the index could breach the overhead resistance...
Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...
Bidvest - Strong upside follow-through from my buy idea on 04 October. Now +15% Over 7 Weeks. Original idea attached. Today, the group is out with a Voluntary Trading Update: Four months to 31 October 2022
DAX Index (Sell/Short) - Losing it's overbought status on the lower time frame (shows momentum weakening) - Trading more than 2.5x mean over 200 days - Candle structure indecision (thus far today a long upper tail) - MACD histogram developing lower highs while a bearish crossover is pending. Trading Levels Sell: 14400 Stop-loss: 14820 Target: 13750 Daily Chart
BID Corp - Trade Idea Update (Buy/Long, 03 October - see attached) Now trading +15% (ungeared) with massive upside follow-through on the back of this morning's capital markets trading update. Going forward, two levels to monitor: 1. The 61.8% FIB - thus far, the market has pushed the price through this zone. 2. Approaching 2x standard deviation over 200 days...
The attached chart is relative ratio of equally weighted diversified miners vs the JSE Top 40 Index. When trending higher, it means that miners are outperforming the broader market while a downward trend represents underperformance vs the broader market, particularly large caps (JSE Top 40 Index). On a medium term basis, a large megaphone pattern has developed...
Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...
Relative performance and relative strength is meant to assist traders and investors in understanding the appropriate weighting/positioning versus the overall market. Combined with additional factors, a trader is able to determine whether they should hold an equal weight, underweight and overweight position versus the index. The data below represents the relative...