techpers

techpers

Continuation Sell? The share is developing a bear flag technical formation which is triggered either (1) on an immediate break below 21100c or (2) on a breached of the incline support i.e. lower boundary of the bear flag structure. The current consolidation is on the share’s 200-day moving average (SMA) which raises the risk of a break below the SMA and a...

techpers

Original idea attached. Target of 22340c has been reached following rebound off lower boundary of declining channel.

techpers

MTN Group (MTN) – I discussed on the share on 18 March at 19714c, highlighting the potential for a sideways consolidation. I also recently flagged a long trade from 15932c (entry) to 16950c (target). We have since seen a sharp decline to R140, coinciding with the general market weakness. How I’m seeing it now: (1) price extended to the downside vs it’s quarterly...

techpers

In my 07 March report I highlighted the technical risk with the index having traded at the upper boundary (2.5 to 3x the mean) of it’s 200-month linear regression channel. We have since seen the index retrace toward it’s mean with the price lower by 16.6% from the March peak. The 7-month RSI prints 38 which is considered weak but not yet oversold. While we may see...

techpers

PLATINUM: The weekly chart reflects a series of lower highs while support at the $900 level is being tested for the 4th time since September 2021. A break and close below this level raises the risk of further downside, with $775 as an initial target.

techpers

AGL - you'll recall this was a previous sell (see attached). I think it's getting close to a 'reversal buy' with the share trading in oversold territory. OVERSOLD + Potential Countertrend Bullish Reversal (1) Testing and finding support at lower boundary of channel (2) Emerging from an oversold range (3) Potentially starting to find and build an ultra short term...

techpers

Potential Countertrend Bullish Reversal. Extended vs it's 8 & 21-day EMA range and 'near oversold'. Look for a potential print below the prior session low and a reclaim to trigger a "piercing candle". Bull pivot = 43682c

techpers

– Trading at lower boundary declining channel – Minor positive divergence with 7-day RSI emerging from an oversold range – Trading at just over 2.5x it’s mean over 200-days. Buy 21120-21350c Stop-loss: 20450c Target: 22340c Current: 21329c Short term rebound idea

techpers

– Rising wedge formation – Breaking below monthly and quarterly pivots – Breaking below 8 21 50 EMAs (all of which are starting to turn lower). – Sell on rebounds into the 31400c to 31800c range or on a breach of the trend line at higher levels – Stop-loss: 32530c – Target: 29000c – Current: ~31200c

techpers

I last recommended this name on 24 August 2021 @ 3800c based on an attractive technical setup and management's ability to execute over the long term. It traded up to 5200c and has since retraced to the same price. Now trading lower boundary of megaphone formation as well as at the lower boundary of the 200-period linear regression channel (2.5 to 3x mean). The...

techpers

JSE Top 40 Index - rejected at declining 8-EMA (prior demand-supply zone). Strength in Asian markets could see 21-EMA being targeted which will also be a distribution zone.

techpers

MTN Group – How I’m Seeing It: I discussed on the share on 18 March at 19714c, highlighting the potential for a sideways consolidation. I also recently flagged a long trade from 15932c (entry) to 16950c (target). We have since seen a sharp decline to R140, coinciding with the general market weakness. How I’m seeing it now: (1) price extended to the downside vs...

techpers

A 9 (yes, nine) reading on the 7-day RSI is very rare. I'm calling a rebound long at current levels. Previous (see attached) I warned about BTC above 34000 on 8 May. Buy/long: 17643 Stop: 16300 Target: 22100

techpers

Wednesday's Original Idea Attached. Sasol - Target Reached At R374. I looked for an upside gap close and 8 21 re-test at 408-410 before the move lower. This share was the biggest decliner on the JSE Top 40 today, shedding 8.4% and exceeding the full target of 37400c. Including SOL, this week I highlighted 8 opportunities to bank/take profit on published trade...

techpers

Original Idea Attached. Update: US Dollar/Japanese Yen (USD/JPY) - Bank/Take Profit Full target reached at 131.75 from a suggested entry of 134.70. A move of 295 points from yesterday morning. JPY gaining on a safe-haven bid.

techpers

- Possible 'dark cloud cover' candle formation - Both 7-DAY and 14-DAY RSI with printing a lower high i.e. bearish divergence - Extended vs quarterly pivot Sell at 134.65 or higher Stop-loss: 136.30 Target: 131.75

techpers

Sasol SOL 40331c - Zooming out. Upside gap at 40842c could be closed first however downside risk if 40200c is lost. An unfilled gap at 40842c, created by Monday's open may be closed however, the incline support extending back to the 20 December 2021 lows should be monitored for a potential 'failure to hold'. The share also trades at the lower boundary of a...

techpers

Original Idea Attached. Natural Gas - Selling off sharply today (down 15%). An opportunity for traders to bank/take profit. Last week Tuesday's Nat Gas short/sell target of $7.70 has been exceeded. Suggested entry was $9.36. Now lower by 22.8% (ungeared) to $7.22 Red arrow on chart = Day of Publication (07 June)