techpers

techpers

Trading Setup On Watch: Discovery Holdings DSY Yesterday's closing 7-day RSI was 85, suggesting the share is approaching an ultra short term overbought range. In addition, two other potential resistance levels coincide: (1) the prior breakdown level at 12150c which rejected yesterday and (2) the 61.8% Fibonacci retracement zone just above at 12307c. A further...

techpers

Key Markets as at 'current'. Provides a quick view on the regime over various time horizons.

techpers

To kick off the week, a chart from my research notes. Absa Group (ABG, 20124c): Pending short/sell. The share trading between 2x and 2.5 it’s mean over 200 days.

techpers

Speculative trading opportunity. Price attempting to clear medium term downward trend line as well as it's near-term moving averages. In addition, the company has recently started repurchasing it's own shares which may underpin the share price. Preferred at current levels or lower. TRADING LEVELS: Entry: 5246 Target: 5673 Stop-loss: 5069 For more research,...

techpers

Strong move over the 12 sessions (see arrow). Traders could look to take bank/profit. For more research, including trade ideas, get in touch today. Original idea attached.

techpers

JSE Top 40 Index Comparing the current level vs this time last year as well as 2 years ago. #Data

techpers

High risk trade idea. TFG being sold down sharply following a good reaction to it's trading statement yesterday. Long idea at current levels or lower i.e. the trend line support. Possibly it trades lower tomorrow morning followed by a reclaim of today's lows i.e. a piercing candle also know as a 'red dog reversal'.

techpers

The share reached a high of 21099c in early trade. This is a +1600c or +8.2% move from the level highlighted on 04 October (see attached). Now trading at downward trend line extending back to the peak of 19 August. For more research, including trade ideas, get in touch today.

techpers

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...

techpers

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...

techpers

Speculative trading opportunity. Potential change of trend with the price attempting to clear the descending channel (bull flag). Preferred accumulation at current levels or lower. TRADING LEVELS: Entry: 957 Target: 1055 Stop-loss: 912 For more research, including trading ideas, get in touch today.

techpers

Market Sentiment Index: Medium Term (50 Days) = Neutral - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)

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Market Sentiment Index: Short Term (20 Days) = Neutral - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)

techpers

JSE TOP 40 INDEX: My most recent long and short views were: (1) Accumulation at the re-test of the breakout level and (2) Distribute at the swing highs. See blue and red circled areas. Both Thursday and Friday saw strong buying off the lows of the day with closes above the 8 x 21-EMAs. What is medium term out going into year-end and how am I seeing it technically?...

techpers

Aspen Pharmacare APN 15052c - Ultra Short Term 'Trading' View. Possibility of a minor retracement to it's 8 21 range, say ~14530c to 14640c. 1. Failing to hold it's prior session highs (exhaustive candle structure) 2. Trading close to 2x std dev, over 21 days 3. Retreating from declining overhead resistance. 4. 7-day RSI was at 85, now rolling over.

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JSE TOP 40 INDEX - Strong upside follow-through from support between 56823 and 57482 - the range we discussed last week (circled area). The index reclaimed the 8-day EMA and has closed in line with the flat 21-EMA. At current levels, I'm expecting a consolidation (after yesterday's strong rebound). The rating has shifted from WEAK to NEUTRAL while the index is...

techpers

Yesterday pre-market, the data pointed to 'relative' outperformance of financials (banks/insurers). To see the full note, get in touch today. Apologies if the text on the chart is not clear enough (unfortunately, might be distorted after publishing).

techpers

Thungela Resources: Volatility Equals Opportunity. As mentioned on Thursday evening: "Tomorrow we may see a slight overshoot on the upside before the share retraces (short term view)." Further Update. On Friday, we saw the share trading higher (intraday high of 31604c) before retracing to close the week at 29844c (a -1760c or -5.5% intraday reversal from high to...