techpers

techpers

Discretionary Retail (Home Improvement Name): Breaking lower and entering a weak regime. WEEKLY CHART.

techpers

A slide from today's research report, published to clients yesterday evening: Credit Spreads: US Treasuries (IEF ETF) vs Sub-Investment Grade Debt (JNK ETF): Credit spreads have remained subdued however traders should be monitoring the 1.08-1.09 level (pivot zone) for evidence of increased stress which may ultimately be reflected via further moves lower in the...

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A slide from today's research report, published to clients yesterday evening: Unchanged From Last Week 12 September. Line A_B is a key risk level over the medium term. As previously noted, there is a clear supply zone that has been in place since Q1 2021. This level also represents the (former) supply and (current) demand zone extending back to November 2017. A...

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For long term traders/investors, the share's proximity to it's 200-week simple moving average is a factor to note: (1) While the price has made higher highs over a 4-year period (vs it's 200w), the DISTANCE vs the 200w has showed negative divergence by making lower highs. This is often a precursor to a breach of the 200w. (2) The distance vs the 200w is narrowing...

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According yesterday’s pre-market price action model (see extract on chart), the setup was to sell on a failure to holding the highs. The share closed lower by 3.14%. For more on how to use the model to find opportunities, get in touch today.

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Nice Rebound from 29 August. Original chart attached.

techpers

From this morning's (pre-market) research report: "Omnia Holdings (OMN) | Trading at prior demand zone, with a positive divergence as per the RSI. In addition, the share has not test oversold conditions on current decline. Buy/long bias above 6285c. Stop-loss: 5870c. Target: 6872c."

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Iron Ore Futures WEEKLY CHART perspective: The market acknowledging ~$94 as a level of interest which is also seen as a demand-supply zone. Must remain +$90-94 (along with ZAR weakness) for KIO to be supported here.

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Bitcoin (BTCUSD) - Breaking below a key long term level - the Dec-2017 highs. A second test of medium term support which is, for now, failing to hold. Extended downside target is $12750 - this being the prior breakout level. The weekly chart presented in 09-May note at $34597 (see attached) using the price breakdown and weekly RSI (then at 32) as an indicator for...

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Published in the last few minutes to our client platform. "Speculative trading opportunity with the price trading at the bottom it's year-to-date range while also testing the lower boundary of it's 40-day Bollinger Band. The 7 and 14-day RSI is at 10 and 26 respectively (extremely oversold in the ultra short term). Preferred at current levels or slightly lower....

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Very weak. Wait until it stabilizes on the lower time frame. Gap at 305.80 close to being filled. Trading at more than 2 standard deviation over 20-days this ultra short term rebound possible.

techpers

Very weak. Wait until it stabilizes on the lower time frame. Note the downside gap at 306.00 which has potential to close. Trading at 2 std deviation over 20-days thus rebound inti underside of EMA's is possible."

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Tactical/Price Action Model. Zooming In: "Lacks directional bias. Look for break of range to trigger directional move + Downward trending moving averages to act as resistance + Price nearing 50-61.8% Fib retracement."

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My updated comment on the client group on Thursday afternoon: US 10-Year Bond Yield (US10Y) Possibly (in my view) one of the most important charts for any trader/investor. Strong upside follow-through from (1) rising trend line and (2) bull flag technical formation. Big bounce off 2.50% to hit a high of 3.29% today. The rise in yield has coincided with...

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How I'm seeing it: I tweeted on this name in December, also referring to the monthly chart. The price has now shifted below the 2016 demand supply zone and toward the mid point of the LT upward trending channel. ST = possible rebound as the share has developed a positive divergence. As always, your time horizon matters most.

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Market Sentiment - Continues to decline from short term overbought levels. Ultra Short Term = Weak, But ‘Near Oversold’ .

techpers

Continuing my research for this coming Monday's report. This is a slide I'll be including: JSE Sectors Equally Weighted applied with a 2 Standard Deviation, 50-day Linear Regression Channel (will most likely add more metrics for context). Upper Range = Approaching ST Overbought/Expensive. Lower Range = Approaching ST Oversold/Value. 1st Panel. Top Left is...

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I'd should have bigger targets, right? That short from R600-R610 is now 35% in the money. Original idea attached.