techpers

techpers

Target of 4600c was hit today. A +9.3% move in 2 sessions. For more research, including trade ideas, get in touch today. Original idea attached.

techpers

Running a few screens this afternoon and this is one of the names that has flashed. Cup and handle technical structure. Target 4600c with a stop at Friday's low 3991c. Current 4208c

techpers

Previously recommended as a long in Sept 2021 at ~5300c, recently traded as high as 8775c. Has since retreated to the early R60's 'Near oversold' on both daily & weekly time frames. Trading at lower boundary of 200-day linear regression channel (2.5x). In addition, has retreated to horizontal support. Looking for base to develop at or around current levels...

techpers

JSE Resources via $STXRES Monthly Chart: 2 rebounds off the prior breakout/resistance level. Daily: 'neutral', from previously 'oversold' Weekly: 'neutral', from previously 'oversold' Monthly: 'neutral', from previously 'strong'.

techpers

Global Safe-Haven Index - Upward trend suggest risk on - Downward trend suggests risk off - The index now trading at the upper boundary of it's 200-day linear regression channel (2.5x mean) thus possibly looking stretched.

techpers

The 1720 to 1780 range remains a short term challenge for ETH however, a series of higher lows, supported by a bullish regime and a print above an improving 50-EMA suggests the potential for upside momentum. A break above 1795, opens 2150.

techpers

Rand-Oil Price - recently (04-July) I highlighted the Rand-Oil price trading in an overbought range per it's MONTHLY chart however with momentum slowing via it's WEEKLY and DAILY time frames. We have since seen the price decline by 8% while also breaching the incline support extending back to the lows of December 2021.

techpers

Quilter PLC QLT - Target Exceeded. Original idea attached. Having a strong day. Up as much as 18% this morning (currently +13%). Target exceeded. Bank/Take Profit. For more research, including trade ideas, get in touch today.

techpers

This remains one of the most important charts for traders and investors. Why is this chart relevant? In terms of rank and importance, the bond market takes precedence over all other asset classes. The price of money or interest rates is a key factor within global financial markets, where higher rates is a negative for equities (higher cost of borrowing) and which...

techpers

JSE Top 40 August Seasonality Data - 20 Years - AVERAGE PERFORMANCE is +0.80% AUG: In the past 20 Years, 12 August's have delivered a positive return. For more research, including trade ideas, get in touch today.

techpers

Sentiment among risk assets has steadily improved over the short term, driven by traders' expectations of a less aggressive U.S Federal Reserve in light of it's interest rate path i.e. 100bps vs the 75bps that was delivered. Even on the back of this increase, Fed Chair Jerome Powell acknowledged the 'unusually large' increase which has prompted traders to believe...

techpers

Spar Group (SPP) - triggered on strong bids at or around the trend change level. I also have two other trade ideas for today, one in the financial sector and the other in the mid-cap industrial sector. For more research, including trade ideas, get in touch today.

techpers

Exxaro Resources EXX: Possible buy/long trade on trigger. How I'm seeing it: The 19000c level was an important demand-supply zone. The share found support and has continued to develop a potential bull flag. May be continue consolidation in ultra short term however, trigger is breach of downward trend line. Provisional Levels: Current: 19863c Target:...

techpers

Similar structure to prior leg higher. Expecting a further consolidation with the long trigger being a close above 2770c. Gap at 3091c. Stop: 2637c

techpers

Over the short term, and on a technical basis, Anglo American Platinum ( JSE:AMS ) appears to be trading near a 'oversold' range vs Impala Platinum ( JSE:IMP ). On this basis, from a market neutral perspective, I consider a long (buy) position in AMS vs a short (sell) position in IMP. The two shares have a high historical correlation however the recent trend (...

techpers

USD/ZAR - As noted on Thursday, a weakening USD kept a cap on further upside on the pair with the candle structure and 'near overbought' position, suggesting the potential for a retracement. Also noted was the price being rejected at the upper boundary of the manually drawn parallel channel. The dominant trend remains up, with the price above a rising 21-day EMA...

techpers

Over a 7-year period, there have been 14 weeks (including last week) where the index returned more than 4.5%. The average return in the subsequent week is -0.07%. Largest decline was -3.06%. Largest gain was +4.34% 6 of the subsequent weeks saw a positive return, while 7 saw a negative return.

techpers

Market Neutral: Long JSE:SBK , Short JSE:ABG Over the long term (3 and 4 quarters), the correlation between JSE:SBK and JSE:ABG is high, with readings of 0.92 and 0.93 respectively. Over the short term (21 trading days or 1 month's worth of trading), the correction has developed a discrepancy, with the ratio dropping to 0.55 ( JSE:ABG outperforming ...