DAX – on 07 July I discussed the prior day’s the inside bar as a technical signal for a short term bullish reversal. We have since seen the index advance with the last close at the 50-day EMA. This may act as a resistance zone thus for ultra short term traders, the reward-to-risk at current levels. The next preferred entry for short term traders would be at the...
Bitcoin - Target Exceeded. Entry at 19123 on Saturday 18 Jun. See attached.
Has developed a base at prior years' support with the price trading against horizontal resistance. In addition, testing it's 50-day EMA of which a break above would support a buy/long. MACD also crossing above the zero line after the prior positive divergence reading. AMEX:ARKK TRADING LEVELS: Entry: 45.15 Target: 57.00 Stop-loss: 41.35
MACD positive divergence and bullish crossover + price trading at lower boundary of 200-day linear regression channel (2.5 to 3x mean). Entry 8.40 Stop: 7.90 Target: 9.85
(To The) Sun International? Above the monthly and quarterly pivot. Looking to break out of pennant?
Published a few minutes ago on our client platform. Discovery Holdings (DSY) Higher lows + MACD Positive Divergence + Sharp Retracement Off 52-Week Highs. Relief Rally Developing? Entry: 12803.00 Target: 14200.00 Stop-loss: 12345.00 For more research including trade ideas, get in touch today.
Published to our client platform a few minutes ago. Quilter Plc - Trading at long term support extending back to the March 2020 and December 2018. In addition, the share has emerge from it's declining channel while also trading at an extended level versus it's year-to-date volume point of control (VPOC) at 2840c and the 200-day at 2749c. Entry : 2068c Stop:...
S&P 500 Index Future – DAILY CHART – Tight consolidation with the price in the late stages of a pennant structure. The price is below it’s declining 50-day EMA while the preceding trend is down. A breach of the incline support (lower trend line) could see the downward trend continue. KEY DOWNSIDE PIVOT ZONE: 3745-3775, which if breached could see the 200-week (now...
Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 19 July Asia lower, US futures slightly higher. Lack of follow-through during US session.
US Dollar-S. African Rand (USDZAR) - Driven by both local and global factors, the Rand's sell-off has seen a low of 17.30 being tested on Thursday vs the USD. While upward momentum is strong, the long side reward-to-risk is starting to appear unattractive with moderate signs of selling starting to emerge, one being the long upper wicks. In addition, the 7-Day RSI...
Original idea attached (07 June). The price subsequently moving along the 'potential price path'. The 15500c target level has been hit.
S. Africa: Fear & Greed (Multiple Time Frames) - 14 July
* Poor reaction to US inflation data but markets managing to stabilize with some buying into the US close to pare the losses. * USD retracing slightly which also relieved pressure on equities * Volatility higher on the day. Small caps shedding the most. *JSE: Markets continuing to retreat from swing highs seen last Friday although there was some buying off...
I am positive on energy innovation and the like, but I am also cognizant of the chart and price action. A possible bear flag structure is developing just below the share’s 50-EMA which could target the downside gap at 2970c. Short/sell trigger is a break and/or close below 3627c with a target of 3215c using a stop-loss of 3842c. Currently trading at 3670c. Note...
The related screen highlights the increase (red bars) or decrease (blue bars) in volatility across the major macro indicators.
(1) Momentum has turned lower following rejection at prior swing highs. (2) Looking for breach of incline support. (3) Threatening breach of monthly pivot at 5664c. (4) Previous sell at 5931c on 28 April saw move to 5145c. Trading Levels: Sell at 5701c Target: 5315c Stop-loss: 5905c For more research, including trade ideas, get in touch today.
Published on the client platform earlier this morning Analyst Thoughts: Pre-Market Europe Mid Session Asia Following a much weaker open, S. African equities managed to narrow some of it's losses at the beginning of the week but not by enough to completely shed the negative sentiment which has been cast over global risk assets at the beginning of the week. What's...