Things are still bad for SOCs in SA. I predict the Telkom plunge is still early, I'll be waiting at the next support Good luck and follow me for more!
Price to drop from here as was not able to break falling trend line
Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%. (...just in time for booking a driving and safari holiday!)
This is my idea the direction ZAR/USD is going to take . Due the economical situation is ZAR and spring compeing up the economy is going to start up again from the septembar . Recovering ZAR up 10 % while it is going to hit the resistance of the market , unless we see some surprising events from the White house. I am still new to this so my apologize if ...
The EUR/USD came under strong bearish pressure in the last minutes as the Greenback gathered strength following the Federal Reserve's policy statement, which was not as dovish as anticipated. EURUSD TO TEST 1.0970 ON THE DESCENDING CHANNEL
FOREXCOM:XAUUSD ON A POSSIBLE BULLISH TREND AFTER BREAKING OUT FROM THE BULLISH PENNANT
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
This stock has just broken out of a descending channel (bullish flag pattern), and is rallying towards the weekly descending trendline. Therefore, we should see much upside towards the 58 000-60 000 are. The technicals of this trade are as follows: STOP LOSS: 52 000 TARGET: 60 000
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start....
Broke above 200ma daily & closed just above 50ma, if Monday we hold above this level then we might be heading towards weekly 200ma, eventually there will be some retrace to possibly the RSI support so best to buy on a dip as long as we stay above weekly 50ma 1.53p Target 3.64p Latest news: Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development...
The price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices...
Possible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.
Support channel holds with better budgetary news coming out of South Africa for at least until the end of March. Price should rally to top of channel: potential swing trade. RSI swinging to the upside indicating bullish uptrend.
Bad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist. RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways. This is still in a strong downtrend on the...
Kumba Iron Ore is a South African iron ore mining company and a subsidiary of Anglo American. The company is the largest iron ore producer in Africa and the fourth largest in the world. Kumba is a mining group of companies focusing on the exploration, extraction, beneficiation, marketing and sale and shipping of iron ore. Kumba produces iron ore in South Africa at...
A dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move. A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body. This particular pattern has formed on quite a strong resistance level which solidifies the signal. We will...