techpers

techpers

SA bonds trade at a multi-year high, having broken out of a long term base. At current levels, taking a short term view, the yield on the ZA10Y is strong but 'near overbought' with a 7-day RSI reading of 85 (oversold in fixed terms). I've also noted the yield testing the rising trend line which extends back to the swing highs of both March 2022 and March 2021. A...

techpers

Within the downward trend, the index is finding support at the lower boundary (declining trend line support. This trend line coincides with prior tests of support (i.e. where buyers have 'bought the dip'). Yesterday's 7-DAY RSI was at 21 - a 'near oversold reading'.

techpers

Original Idea Attached Bitcoin down to 23k. Downside continuation risk flagged just over 1 month ago. Now lower by 31% or -11k (from 34597 on Sun 08 May) The weekly chart being the guide with the 14-week RSI suggesting a 'weak' but not yet oversold range while failing to hold the trend line support accelerated the downside move.

techpers

Original Idea Attached. Short target was 16430. Now trading 164.08 for a gain of 385 pints or 2.2% ungeared.

techpers

Original Sell Idea Attached. Short/sell idea now -8% or 6000c lower. Traded slightly higher in subsequent days then started to fade. Big moved lower today and Friday.

techpers

Original idea attached (Tuesday 07 June). An update on the recent short idea. Sell range was R600-610. Target was R555 (reached on Friday). Today we extended those gains with a move to down to R542. Bank/Take Profit. Currently R548.

techpers

Updated Analysis: During Q1 2022, the $100 level represented a key pivot , which if breached, would see global equities begin a downward trend. We have since seen the price of the ETF drift lower, declining by 13% as at Friday's close. An observation of the weekly chart sees global equities having given back 4 weeks worth of gains in one week, with a bearish...

techpers

On Monday 30 May I mentioned the supply zone of 4155-4191 i.e. a level at which sellers could re-establish positions (see related notes). Over the last 2 weeks we have seen the index hold at the zone with Thursday and Friday seeing a strong rejection from this zone. Although the 1-month chart is being reviewed and considered, I've applied the 7-week and 7-month...

techpers

– Overbought – looking at a reversion to the mean. – Testing trend line resistance – 7-day RSI +80 – 4H (7 RSI) +80 Trading Levels: Sell: 168.03 Target: 164.30 Stop-loss: 168.85

techpers

Sanlam SLM (Last Close 6206c) - Considering The Potential For An Ultra Short Term Bullish (Buy/Long) Reversal. Pre-Market View. Last week Tuesday (pre-market) the provisional sell range was 6820-6860c. The share traded into the mid-point of this zone (on the same day) with a print of 6840c and as at yesterday's close, declined by 9.2% or -634c. Yesterday's...

techpers

Published in the last few minutes (for clients). - Price testing upper boundary of rising channel - Negative divergence as per the 14-Day RSI. - Price extended vs 200-day moving average ($9.36 vs $5.39) Trading Levels: SELL NG at $9.36 STOP-LOSS: $10.95 TARGET: $7.70

techpers

Looking at my model, yesterday's EOD/today's pre-market data for the share read as follows: "Near Overbought - Look for 1-3 days upside before a potential decline" . The R600-R610 zone has been of interest to me, that being the declining trend line (potential resistance) and the 61.8% FIB retracement. I think the market might try to attack this zone once again...

techpers

At the top of last week I highlighted the theme, which was 'be selective', mentioning that traders should take caution following the strong move over the prior two week. The channel resistance and 61.8% FIB retracement was highlighted as resistance zones and we have since seen the index unwind from a 'near overbought' rating to a neutral rating. The next level of...

techpers

TBS - During the March 2020 Covid crash I mentioned that anything below 13700c is worth a look in terms of a medium term equity position. Recently the share traded just below 13700c, fluctuating around this level followed by a rebound to around +15000c. This was a prior short of mine with the de-rating over the past 4 years being massive as the share declined from...

techpers

SLM - last week Tuesday I published this short/sell for clients, based on: 1. A 'near overbought' rating 2. Test of 61.8% FIB. From ~6800c, we are seeing a print of 6400c (down by 5.8%). Not a high conviction level to go long but we could see it rebound moderately as it back-tests the trend line breakout and nears the incline support. Now 6394c, this may be a...

techpers

I published the name as a buy/long in January at ~5200c. It went to +6500c. Current setup appears similar but willing to change my mind if the price action/structure changes or deteriorates. Note: there's also a downside gap at 5113c which may be filled before clearing the downward trend line.

techpers

Ninety One Plc Bullish divergence (7-DAY RSI) with deep back-test of prior trend line breakout. Last two days candle structure improving. Down from +6000c (peak) to 4371c (last close) YTD. Check fundamental valuation too (Price/AUM etc) Interested in a buy/long on medium term basis.

techpers

Bottom line: the supply zone at 4155-4191 held throughout last week, suggesting sellers acknowledging this as a key zone. Current Status: Neutral