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Revenge Trading is Lethal - 5 Reasons Why!Do you feel it in your bones. Where do you want to: Take trades to make up for losses? Take trades for the sake of trading? Take trades out of emotions and gut (gat feel)? Take trades to make a quick buck? If so, you have felt the power and dangers of Revenge Trading. TO put it blunt. Revenge trading is detrimental, dangerous and just plain stupid for any traders to succumb to. I feel like I can finish the article already as I have said what I needed to. Not just yet! You need to understand why Revenge Trading is to your downfall. Let’s start with these: #1: Impulsive decisions are dangerous In the heat of the moment, you just want to take an impulsive trade. This can lead to disastrous outcomes. Revenge trading happens when you want to try recoup losses quickly. And so traders abandon their strategies, systems and rules. And they take on unwarranted risks. This will stop you from making good, calculated, logical and well-informed decisions based on sound reasoning and market research. Don’t do it! #2: Trading on emotions is deadly Emotions such as fear, greed, and frustration have no place in trading. Revenge trading is fueled by these emotions. And this causes traders to deviate and steer way from their plans by instead acting irrationally. What then? Bigger losses, unnecessary risks to the portfolio and skewed results on your trackrecord. Your hard earned and timely worked on journal! Is it worth it? I think not. Cut out your emotions and work at being calm and take on the more logical approach, devoid of emotional interference. #3: Violating trading rules is damaging Every trader should have a set of well-defined trading rules in place. Not just rules but also a list of criteria. Revenge trading typically involves disregarding these rules and just going against everything you should do. Basically, what the average dumb retail trader does which results in 98% of traders losing in this financial endeavour. Violate your rules and there will be severe consequences. Loss of confidence. Bigger losses More losses Erratic wins (which make you want to do it again and again and again) Not worth it. Don’t do it. #4: Too much unnecessary risk You know you’re using your hard earned cash to trade and build a portfolio right? So why are you burning it and cutting it up like it’s nothing? This reckless behavior can lead to bigger drawdowns and can even wipe out trading accounts entirely. Don’t do it! #5: Creates an ongoing cycle of doing it again Great! Once you have violated your rules, gone against your strategy and pretty much gone ape or rogue on trading – it takes a lot to gain ones integrity and discipline back. One of the most dangerous aspects of revenge trading is its cyclical nature. Break the rule, you’ll break it again. Cheat, you’ll cheat again. Enter a gambling mentality and you’re in trouble. Bank a winning rogue trade and you’ll succumb to the trading world of discretionary action. However, if these subsequent trades result in further losses, the cycle repeats, trapping traders in a never-ending loop of revenge trading. Breaking free from this destructive pattern will then need a ton of discipline, self-awareness, and a commitment to sticking to one’s trading plan. So please be careful. Trade well! Don’t trade like gambler. Avoid the perils of revenge trading by all means, starting from today. And when you feel the need to do it (like a junkie), come back and read this article. Had to be said.
TVC:SA40Education
by Timonrosso
Traders Help the Economy in 4 Ways!When you trade and invest, there are many elements that you will continue to help contribute to. I can think of 4 main ways including: Way #1: You help with liquidity (volume) Remember, you are the intermediary in the markets. When you exchange money and buy and sell, you’re helping provide liquidity and volume. This makes it easier for other market participants to trade and manage risk. No matter how small or big the account size is, every trade counts. (Similar to the butterfly effect). Way #2: Helping our fellow brokers and managers Yes I know most people can’t stand the fact of the fat cats making millions of rands off other portfolios. But in South Africa, I find that most brokers are very small and don’t earn a lot of money. (Some small brokers earn under R25,000 per month). So when you buy and sell trades, you will help pay the small brokerage fees, which will aid to the salaries of the brokers you are using. Way #3: When you pay brokerage and fees, it creates more jobs When you pay the brokerage and trading platform fees. You are not only helping the brokers. But also the company they work for. The more money that goes into the firms, the more jobs that are created for other employees (Facilitators, marketers, support staff, risk managers, accountants, analysts, domestic workers, etc…) Way #4: This brings growth to your broker or market maker When your broker is doing well, as they have good clients and investors – this gives them a bigger incentive to help build and grow the company further including: · Better technology. · Better innovation · Better efficiency · Better features in the business This will also improve your experience with their growth developments. And so, I’m sure you can see that even if you want to trade for yourself, you will still be helping many companies, people and the economy as a whole… Nothing to feel bad about.
TVC:SA40Education
by Timonrosso
SeaHarvest is ready to float to R12.00The price has broken above the downtrend. There is a crucial level that was tested, and it might be where the buyers and Smart Money have filled their orders. Every other indicator is showing downside, but remember indicators are based on past momentum NOT the future. So we can expect the price to rally up before the next drop. But I'll let you know. 21>7 - Bearish RSI<50 - Bearish Target short term R12.00 ABOUT THE COMPANY SeaHarvest Group is a South African fishing and food processing company listed on the Johannesburg Stock Exchange (JSE) under the ticker symbol SHG. The company was founded in 1964 and is headquartered in Cape Town, South Africa. SeaHarvest specializes in the harvesting, processing, and marketing of a wide range of seafood products, including hake, prawns, squid, and value-added frozen seafood meals. Hake is the primary species for SeaHarvest, and the company is one of the largest hake fishing and processing companies in South Africa. South AFricans are very lucky to have Hake at your disposal. In Europe it's difficult to find. SeaHarvest operates a fleet of vessels that engage in both inshore and deep-sea fishing to ensure a sustainable supply of seafood. The company's fishing operations primarily target hake, a popular white fish species known for its mild flavor and versatility in cooking. SeaHarvest operates state-of-the-art seafood processing facilities that adhere to strict quality and food safety standards. The company's product range includes frozen whole fish, fillets, portions, seafood mixes, and coated products, catering to both retail and foodservice sectors.
JSE:SHGLong
by Timonrosso
Merafe reached the first target at 113c now down to 73c?First, Merafe hit our target at R1.00. This was due to a Box Formation which the price broke below. Also above the Box Range was Buy Side LIquidity, where Smart Monet came up and swept and sold into the levels. This brought the price down and then some. Inv Cup and Handle formed on Merafe. And the price has broken below the brim level. Also the price is testing a crucial support around 100. Below that and it'll come down further. 200>21>7 RSI<50 Mt next target for the ferrochrome giant is to 73c. ABOUT THE COMPANY Merafe Resources Limited, commonly known as Merafe, is a South African mining company primarily focused on the production of ferrochrome. The company was established in 2001 and is headquartered in Johannesburg, South Africa. Merafe operates in partnership with Glencore in a joint venture known as the Glencore-Merafe Chrome Venture. The partnership holds interests in various ferrochrome assets in South Africa. Ferrochrome is a key ingredient in the production of stainless steel and other alloy steels, providing them with corrosion resistance and other desirable properties. Merafe's primary asset is the Glencore-Merafe Chrome Venture, which includes the Wonderkop, Rustenburg, and Lydenburg smelters in South Africa. The Wonderkop smelter, located in the North West province of South Africa, is one of the largest ferrochrome smelters in the world. Merafe's operations involve the mining of chrome ore, which is then processed into ferrochrome through a smelting process. The company also has an interest in chrome ore reserves and resources. The Glencore-Merafe Chrome Venture has a significant market presence and is one of the world's largest ferrochrome producers.
JSE:MRFShort
by Timonrosso
5 DANGERS of Trading Penny StocksJust so you know. I believe if you’re following a world renown and successful Penny Share expert, you’re in good hands. They are able to spot low risk investments and guide you through the process of owning great Penny Stocks. But as a trader , who only looks at charts – THIS IS DANGEROUS TERRITORY. Remember, Penny Shares are high risk, high volatile, low credible companies that are LOW prices i.e. Under $1.00. And so, I just want to write as a trader point of view five key reasons why penny stocks can be dangerous to traders. DANGER #1: High Volatility (Jumpiness) Penny stocks are notorious for their high volatility. These stocks tend to experience rapid and drastic price fluctuations, often without apparent reasons. I’m talking about companies that can jump 10%, 30% and even 70% in a day. The lack of stability and price predictability can make it very difficult for traders to make informed decisions. Sudden price jumps or drops can result in significant gains or losses within a short period, amplifying the risk factor. And if you place your stop loss within a tight range, there’s a bigger chance you’ll get stopped out. DANGER #2: Low Liquidity (Less Volume) Think of Liquidity like the flow of water. It tells you the ease of being able to BUY or SELL a market, without impacting too much of the price. Once again, we look for low to medium volatility. Penny stocks typically have low liquidity due to limited trading volume. With fewer buyers and sellers in the market, it can be difficult to execute trades at the prices you want. And this leads to slippage and even higher transaction costs. Also, low liquidity may also prevent you from even entering or exiting your positions quickly. And this can even TRAP you in an unfavourable market environment for an extended period of time. DANGER #3: Not Established Businesses Penny stocks are often associated with small, early-stage companies that are not yet established in their respective industries. These companies may lack a proven track record, have limited financial history, and face various operational and market risks. So if you want to invest in these type of companies as a trader, it’s better you do it with fundamentals, research, business models and future prospects. If you do it purely on speculative purposes, this could be very risky for your portfolio. DANGER #4: More Likely to Head to Zero Yes all trading requires levels and degrees of risk and rewards. But it is not worth it, if some petty company is doing really badly and is showing signs of going to 0.00. Penny stocks are more susceptible to declining in value and potentially heading towards zero. I mean, South Africa has witnessed instances where penny stocks have experienced substantial losses, which took out a ton of investors. For example, companies like African Bank Investments Ltd (ABIL) and Oakbay Resources and Energy Limited serve as cautionary tales, where investors lost huge amounts as these companies approached or reached bankruptcy. Talking about bankruptcy. DANGER #5: High Chance of Bankruptcy and Liquidations Penny stocks are also more likely to go bankrupt or get liquidated compared to a Blue-chip stock. This is because of the nature of the companies, the inexperience, the lack of funds and structure, as well as its credibility. Financial instability, mismanagement, or unfavourable market conditions can lead to the collapse of these businesses. We saw this also in South Africa with the liquidation of Sharemax Investments and the bankruptcy of Pamodzi Gold Limited. This lead investors with little to no value for their investments. So remember this as a traders We want low volatility, high liquidity (volume), credible companies with great reputations, track record and credibility. And we want attractive charts that work with our trading strategies. If you want to be a savvy Penny Share investor that's fine. But as a trader, I have given my precautions.
TVC:SA40Education
by Timonrosso
UPDATE Sibanye Stillwater is about to waterfall down to R16.89Since the last update, Sibanye is heading to the first target. We have a long way to go, so you can see the update here. There has been an Inverse Cup and Handle form on Daily. This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income. 200>21>7 - Bearish RSI<50 Target R16.89 ABOUT THE COMPANY Sibanye Stillwater is a South African mining company that specializes in precious metals mining, particularly gold and platinum group metals (PGMs). The company was formed in 2013 as a result of a merger between Sibanye Gold and Stillwater Mining Company, an American PGM mining company. Sibanye Stillwater is headquartered in Johannesburg, South Africa, and has operations both in South Africa and the United States. The company operates several mines in South Africa, including the Driefontein, Kloof, and Beatrix mines, which are all located in the Witwatersrand Basin. Sibanye Stillwater's PGM operations in the United States are centered around the Stillwater and East Boulder mines in Montana. These mines are known for their production of palladium and platinum. Sibanye Stillwater is listed on the Johannesburg Stock Exchange (JSE) in South Africa and also has a secondary listing on the New York Stock Exchange (NYSE).
JSE:SSWShort
by Timonrosso
Why you DID NOT take the trade - 4 REASONSSo you never took a trade again? This could be where the problems are rising. It’s also where you are probably missing out on what could help take your portfolio out of the drawdown. And sometimes, despite favourable market conditions, you may find yourself still hesitating to enter a trade. I want to explore four common reasons why traders fail to take the trade and how to overcome them. #1: The market moved too much One of the most common reasons traders hesitate to take the trade is that… The market has already moved significantly, and they fear they have missed the opportunity. However, it’s important to remember that the market is constantly in motion. The train will move and there is always an opportune moment to get into a trade. A sound trading strategy should take into account different market conditions, including volatile ones, and provide clear entry and exit points. If the market lines up despite how high or low it’s gone. Just take the trade. #2: You’re scared to lose the trade FOLO or Fear Of Losing Out is another common reason traders hesitate to enter a trade. While it’s natural to want to avoid losses. It’s important to remember that trading involves risk, and losses are inevitable. A sound risk management strategy, including setting stop-loss orders and managing position size, can help you to minimize potential losses and build confidence in entering a trade. #3: Too much money to spend Traders may also hesitate to enter a trade if they feel they have too much money to spend. Take oil for example. Most market markets (brokers) offer you to buy Brent crude but you have to buy 100 contracts as a minimum. In this case, it MIGHT be too much money to spend. Not because of how much of your portfolio you’re using up, but also because the risk might outweigh 2% of your portfolio. Then you get other markets like the JSE ALMI 40, where you’ll need to spend around R9,000 to enter a trade. It sounds like a lot (especially if your portfolio is less than 10,000. But, that’s why one should start with a larger minimum account size. I started with R30,000 in 2003 and even then it was too little to grow into a substantial amount. Then when it grew to the first R150,000, I started feeling comfortable with the portfolio size and it opened more opportunities to trade additional markets. So, that’s why if you want to take trading seriously, you got to cough up the cash into your portfolio and trade accordingly to strict money and reward management. #4: No trust in the system yet This one is a given and the most abundant reason to NOT take a trade. You might hesitate to enter a trade if you don’t have faith or confidence in your trading strategy or system. In this case, it’s essential to go back, review and test the strategy, ensuring it aligns with personal trading goals and is backed by sound research and analysis. When you build trust in a trading system, and you take the time and patience to see the good and the bad, then your confidence will grow. And that will be an essential step towards taking more trades to help grow your portfolio. Why don’t you take trades when you should? Is it because: You don’t trust your system You’re scared to lose money You don’t trust certain markets You don’t have enough money to trade different instruments You’re not ready with your strategy You don’t have confidence with yourself, discipline and emotions yet? Find them, harness them, work on them and you might have your answer.
TVC:SA40Education
by Timonrosso
JSE ALSI 40 M Formation - Breaking down We have a ton of different signals with the JSE ALSI 40. This is where trading can get a bit tricky and frustrating. But it's for this reason, one needs to learn how to hedge positions. And by hedge I mean, hold equal number of shorts and longs. So we can see, there is an M Formation in the process. The price has broken down and has broken below the Symmetrical Triangle. It is early days as the breach has been only a day, so we will need to see. However, there are mixed signals all around. 7>21>200 - Bullish but turning RSI<50 - Bearish by nature Smart Money Concepts. There are 2 Sell Side Liquidity Order Blocks. Either Smart money could buy big time around its current price which will cause a fakeout and the price will go up. OR Smart Money could skip this order block and buy into the next SSL OB at 67,000. The bias is bearish as things stand, but do to the mixed signals - This is cautionary. Stay strong and hedge!
JSE:J200Short
by Timonrosso
Jubilee W Formation but with warning target to R2.95W Formation clearly formed on the daily. We had a false breakout to the upside, but then price went right back into the W. 7>21 Price<200 RSI>50 Target R2.95 WARNING There are three problems. 1. The JSE ALSI 40 is still within the downside of the symmetrical triangle as it had a fald breakout. This has sent shorting vibes. 2. The penny stock is highly illiquid and volatile. So one candle up breakaway is most times not enough for a strong confirmed change in direction. 3. Metals are currently pointing down which will bring down the smaller companies. I'm bullish and the charts say up, but I don't think they are ripe for the picking yet. ABOUT THE COMPANY Jubilee Metals Group plc is a mining and exploration company that specializes in the reprocessing of historical mine tailings and surface material. Jubilee Metals Group plc, commonly known as Jubilee Metals, is a British company headquartered in London, United Kingdom. The company was founded in 2002 and was initially focused on platinum exploration in South Africa. Jubilee Metals has since evolved into a multi-metal producer, with a strong focus on platinum group metals (PGMs), chrome, and other base metals. The company employs innovative proprietary technologies to recover valuable metals from waste materials, such as mine tailings and surface material. Jubilee Metals has developed a unique processing method called the ConRoast process, which enables the efficient extraction of PGMs and base metals from various feed sources. The company's operations are primarily based in South Africa, where it has established processing facilities and strategic partnerships with mining companies. The company focuses on acquiring and reprocessing underperforming mining operations, extracting value from previously overlooked or discarded materials. In addition to its operations in South Africa, Jubilee Metals has expanded its presence to other countries, including Zambia and Mozambique. The company has established strategic partnerships with major mining companies, such as Anglo American Platinum, to leverage their existing infrastructure and enhance its operational capabilities. Jubilee Metals' shares are listed on the London Stock Exchange's Alternative Investment Market (AIM) and the Johannesburg Stock Exchange (JSE), allowing investors to participate in the company's growth.
JSE:JBLLong
by Timonrosso
South 32 showing upside to R58.34 but WAIT!Symmetrical Triangle has formed on South 32. But we need to WAIT for the price to break up and out of the apex. That will fulfil the Continuation pattern of the triangle. Also you can see why we have to wait is because of the other indicators. Mixed MAs RSI - Middle Target R58.34 WAIT FOR BREAK ABOUT THE COMPANY South32 is a global mining and metals company headquartered in Perth, Australia. South32 was established in 2015 following a demerger from BHP Billiton (now known as BHP Group - JSEBHG), the world's largest mining company. The company is named after the 32nd parallel south line of latitude where Australia and South Africa, its two original countries of operation, are located. South32 is a multinational company that operates across several continents, including Australia, Africa, and South America. The company is listed on three stock exchanges: the Australian Securities Exchange (ASX), London Stock Exchange (LSE), and Johannesburg Stock Exchange (JSE). South32's portfolio includes operations in alumina, aluminium, coal, nickel, silver, lead, and zinc. The company operates large-scale, high-quality assets, including the Worsley Alumina in Australia, Cannington in Australia, and Hillside Aluminium in South Africa, among others. South32 is committed to responsible and sustainable mining practices and strives to reduce the environmental impact of its operations. HOW IT GOT ITS NAME South32 derived its name from the 32nd parallel south line of latitude. The line of latitude passes through both Australia and South Africa, which were the two primary locations of the company's operations at the time of its inception.
JSE:S32Long
by Timonrosso
Anglo American PLatinum just chose a direction - DOWN to R743.65After the AMS stock tricked us showing upside to come with the downtrend broken. This is where Smart Money clearly came in and sold the hell out of it. Now there is an M Formation accompanied with a Bearish Engulfing candle. This is more bearish than not. 200>21>7 - Bear RSI<50 Target R743.65 ABOUT THE COMPANY Anglo American Platinum Limited is a South African company and is the world's leading primary producer of platinum group metals (PGMs). The company was incorporated in 1946. Amplats is a member of the Anglo American plc Group, a multinational mining company with a diverse range of mining operations worldwide. The company is listed on the Johannesburg Stock Exchange (JSE) under the ticker symbol AMS. Anglo American Platinum operates a portfolio of mines across South Africa and in Zimbabwe. Their portfolio includes key operations such as Mogalakwena, Amandelbult, Unki, and Mototolo. In addition to mining, the company is also involved in smelting, refining, and the marketing of platinum group metals. Amplats produces several PGMs, including platinum, palladium, rhodium, iridium, ruthenium, and osmium. The company's products are used in a wide range of industries, from jewelry to automobile catalytic converters, in electronics, and for industrial applications. HOW IT GOT ITS NAME Anglo American Platinum Limited, often referred to as Amplats, derived its name from its parent company, Anglo American plc, and its primary business of platinum production. "Anglo American" reflects the origins of the parent company, which was established in 1917 by Sir Ernest Oppenheimer. The company was initially funded by British and American capital, hence the name "Anglo American."
JSE:AMSShort
by Timonrosso
2
Pan Africa dropping first before the next rising level to R4.75Pan Africa is forming a rare Broadening Triangle (Vuvuzela) pattern. We can expect the price first to drop to R2.75 before it bounces off the support and heads to the next target of R4.75. We'll be keeping an eye on this one... ABOUT THE COMPANY Pan African Resources is a mid-tier Africa-focused gold producer with a production history that spans several decades. Pan African Resources Plc is a precious metals producer based in South Africa. The company was incorporated in the United Kingdom. It is dual-listed on the London Stock Exchange’s AIM market (ticker PAF) and on the Johannesburg Stock Exchange (ticker PAN). The company primarily engages in the exploration, mining, and production of gold. As of 2021, Pan African Resources operated several major gold mines in South Africa, including Barberton Mines and Evander Mines. The company also has tailings retreatment operations, notably the Barberton Tailings Retreatment Plant (BTRP) and the Evander Tailings Retreatment Plant (ETRP). HOW IT POTENTIALLY GOT ITS NAME Pan African Resources, as the name suggests, reflects the company's focus on mining and production of resources (such as gold) within the African continent. The "Pan African" part of the name (Greek for all) signifies its broad focus on Africa as a whole rather than being tied to a specific country within the continent.
JSE:PANLong
by Timonrosso
1
UPDATE Reinet Rounding Bottom with target on track to R460Reverse Cup and Handle formed broke out and went up. Now there is a Rounding Bottom (V shape) and the price is showing strong demand still. 7>21>200 RSI>50 Target 1 remains at R460.00 ABOUT THE COMPANY Reinet Investments S.C.A. is a Luxembourg-based investment vehicle founded in 2008. The company was created after a restructuring of the Swiss luxury goods company, Richemont. The purpose of Reinet is to allow investors to directly participate in a diversified portfolio of high-quality assets. Reinet is listed on the Luxembourg Stock Exchange and its depositary receipts are listed and traded on the Johannesburg Stock Exchange (JSE). The company's investment strategy is largely focused on long-term capital growth. Reinet's portfolio spans multiple asset classes and sectors including private equity, listed securities, real estate, and more. HOW IT GOT ITS NAME Reinet Investments S.C.A. is named after Reinet, one of the three daughters of Johann Rupert, the company's chairman and a prominent South African entrepreneur. The Rupert family has had a significant influence in the South African business landscape, with stakes in luxury goods, wine and spirits, and other industries. Naming the company "Reinet" serves as a tribute to the Rupert family.
JSE:RNILong
by Timonrosso
Inv H &S with Vukile showing strong upside soon to R16.51Inv Head and Shoulders seems to be forming with Vukile Property. We have recently had a breakout out of the downtrend and now there seems to be a consolidation of some kind. I expect the range to form somewhat a Right SHoulder, before the next up side is imminent. 7>21 Price>200 RSI >50 Target R16.51 ABOUT THE COMPANY Vukile Property Fund is a South Africa-based Real Estate Investment Trust (REIT). The company was established in June 2004. Vukile is listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX). It focuses primarily on the acquisition, management, and development of retail properties, specifically shopping centers. Some shopping centers include: East Rand Mall - Boksburg, Gauteng Pine Crest Shopping Centre - Pinetown, KwaZulu-Natal Meadowdale Mall - Germiston, Gauteng Dobsonville Shopping Centre - Soweto, Gauteng Randburg Square - Randburg, Gauteng Hammersdale Junction - Hammersdale, K The company had a strong presence in South Africa and Spain. In South Africa, Vukile's portfolio is predominantly retail-focused, with a wide range of assets across provinces. In Spain, the company operates through its subsidiary Castellana Properties, owning a substantial retail portfolio. Vukile's strategy involves maintaining a diversified property portfolio to mitigate risk. The company is committed to the principles of good corporate governance and ethics. Vukile also focuses on sustainability initiatives, striving to limit the environmental impact of its operations. HOW IT GOT ITS NAME "Vukile," it's derived from the Zulu language and generally translates to "stand up" or "arise". This name may reflect the company's commitment to growth and development, as well as its South African roots.
JSE:VKELong
by Timonrosso
Reversal Broad. Diamond on Coronation with target up to R38.28Broad. Diamond has appeared on the daily. Either the price breaks down as a continuation from the prior trend. Or the price breaks up. My bet is on the price break up. Thats because the low of the Dimaond is showing a Sell Side Liquidity Order Block. (Explained lower) Othe rindicators 7>21 Price>200 RSI>50 Target one is a short term T to R38.28. Break above this and we will have a larger W Formation that will send it to at least R47.00. SMC: Sell Side LIquidity Order Block - Bullish Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. ABOUT THE COMPANY Coronation Fund Managers is a South Africa-based investment-led, owner-managed business. It was founded in Cape Town in 1993. Coronation provides both institutional and personal investment management services. It is one of the largest and most successful asset management companies in South Africa. The firm is known for a long-term, valuation-driven investment approach. Coronation offers a range of products like unit trust funds, retirement products, and offshore investments. HOW IT GOT ITS NAME We're not sure, but we can speculate. The term "Coronation" generally refers to the process of placing a crown on a monarch's head, symbolizing their rise to power, authority, and responsibility, which could be a metaphor for the company's mission and goals in the financial sector.
JSE:CMLLong
by Timonrosso
1
Remgro broken above a 12 month Box Pattern - Target R170Box formation has clearly formed on Remgro. It started last year this time, and the price has been jumping between the high and low range. But now the price has broken up and out of it. This could be the boost it needs to rocket up to the next target. MAs - 7>21>200 RSI>50 Target 1 is set to R170.00. But there is a caveat. Bullish CAVEAT The JSE ALSI 40 is still trading within the Symmetrical Triangle. It's currently at the apex but today's price action is down. We really need the price to break up and out of it. THis will show that the buying and demand is stronger than the supply. ABOUT THE COMPANY Remgro is a prominent investment holding company based in Stellenbosch, South Africa. Remgro was incorporated in 1948, originally part of the wider Rembrandt Group founded by Dr. Anton Rupert. The company was initially a tobacco manufacturer before diversifying into other industries. Remgro became an investment holding company in the 1980s, focusing on managing a range of investments rather than manufacturing. The company has investments in various sectors such as banking, healthcare, consumer products, sports, and others. Some of the well-known companies in its portfolio include Mediclinic, Distell Group, RMB Holdings, and FirstRand. Johann Rupert, son of Anton Rupert, served as the Chairman of Remgro. HOW IT GOT ITS NAME Remgro, short for Rembrandt Group Limited, gets its name from the larger conglomerate it was part of, the Rembrandt Group, which was founded by Dr. Anton Rupert in the 1940s. The name "Rembrandt" was likely chosen as a nod to the famous Dutch painter, Rembrandt Harmenszoon van Rijn, reflecting the Dutch heritage of the Rupert family. When the Rembrandt Group restructured in the 1980s and 2000s, the investment arm became known as Remgro.
JSE:REMLong
by Timonrosso
Purple Group Channel and Rights Offer not working right nowThere has been a strong downtrend channel with Purple Group. And if we follow the movement the next price target is to 75 cents... No matter what the company does the price continues to drop. It might be because it is a Penny Stock which is never seemed deemed as valuable to shareholders as blue chips. There may be hidden issues within the books, micro and macro economics - which may soon be revealed. And the Rights Offer that took place has lead to the company losing over 450 million. Let's explain what happened... PURPLE GROUP'S RIGHTS OFFER A rights offer, or rights issue, is a method by which a company can raise additional capital from existing shareholders. When a company decides to conduct a rights issue, it offers shareholders the opportunity to purchase additional shares, usually at a discount, in proportion to the number of shares they already own. Purple Group decided to raise money by offering existing shareholders the chance to buy more shares at a lower price than they were trading on the market. This is called a rights issue. When they first announced this plan, the shares were worth R1.29 each. But the new shares were being offered at a cheaper price, 81 cents each. They hoped to raise R105 million this way. In theory, the value of the company (called the market cap) should have gone up by the same amount - from R1.64 billion to R1.74 billion. This is because the company now had more money and the same amount of shares. However, instead of going up, the company's market cap fell to R1.29 billion. This means the value of all Purple Group's shares on the market together was R450 million less than before the rights issue. That's over four times more than they raised. The current share price is R0.90, which is less than the price when they announced the rights issue. So, people who bought the extra shares have lost money. Now, the shareholders are hoping that the company can use the R105 million it raised to increase profits and push up the share price. The CEO of Purple Group, Charles Savage, seems confident, stating that they have achieved a return of over 1,000% on a previous capital raise of R100 million. But only time will tell if they can repeat this success.
JSE:PPEShort
by Timonrosso
Motus broke above a Triple Bottom and is heading to R130.00 Triple Bottom has formed on Motus after the last few months. And just recently, the price has broken above the neckline of the pattern, This is bullish for an investor as there is extensive upside to come, by the looks of things. 7>21 bullish Price<200MA RSI>50 Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a short period. It needs to go back up and rebalance. ABOUT THE COMPANY Motus Holdings Limited is a South African company that operates in the automotive sector, dealing in vehicle retail, vehicle services, parts and accessories, car rental, and financial services. Founding: Motus was established as a division of Imperial Holdings Limited in 1973. Public Listing: The company was separately listed on the Johannesburg Stock Exchange (JSE) in November 2018 after a demerger from Imperial Holdings. Global Presence: Motus operates in South Africa, the rest of Africa, the United Kingdom, Australia, and South East Asia. Business Segments: The company operates through four main segments: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts. Vehicle Brands: Motus represents a wide range of vehicle brands through its dealership network, including Hyundai, Kia, Renault, Mitsubishi, and many more. Vehicle Types: The company deals in both new and pre-owned passenger vehicles, commercial vehicles, and heavy equipment. Services: Motus also provides vehicle-related financial services and products, including vehicle finance, insurance, and warranty products. Parts and Accessories: Through its Aftermarket Parts segment, Motus sells a wide range of vehicle parts and accessories. Rental Services: Motus offers vehicle rental services through its car rental business, which operates under several brands including Europcar and Tempest. Employees: As of 2021, Motus employs approximately 16,300 people across its various operations.
JSE:MTHLong
by Timonrosso
Adcorp broken above downtrend and above Rev C&H Target R8.74Reverse C&H has formed on Adcorp. This was post to the breakout out of the year downside trend line. Things are looking fantastic for this Penny Stock as an investment point of view. Moving Averages 7>21>200 RSI>50 Target R8.74 Smart Money Concepts. Right at the bottom of the cup we can see an Order Block of Sell Side Liquidity. Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. ABOUT THE COMPANY Adcorp Holdings Limited is a South African company specializing in workforce management, offering services such as temporary staffing, permanent placement recruitment, training and development, outsourcing, and other related human resource services. ABOUT THE NAME: The name "Adcorp" appears to be a combination of "Ad" which might be short for "Advertising" or "Advisory", and "corp" short for "corporation". This reflects the company's role in offering a wide range of human resource and workforce management services, including recruitment advertising and advisory services to corporations. Founding: Adcorp was established in 1975. Public Listing: The company was listed on the Johannesburg Stock Exchange (JSE) in 1987. Global Presence: Adcorp operates in several countries across Africa, Australia, and Asia. Services: The company's services include temporary staffing solutions, permanent placements, training and skills development, business process outsourcing, disability solutions, and more. Divisions: Adcorp is structured into different divisions, each focusing on a particular aspect of workforce management and human resource solutions. Employees: Adcorp employs more than 1,000 people directly. However, considering their temporary staff and placements, the company manages a large number of workers in various industries. Training: Adcorp offers extensive training programs, including learnerships, internships, and skills programs, to enhance employability and address skill shortages.
JSE:ADRLong
by Timonrosso
City Lodge C&H potential but need to wait - Target R6.51Cup and Handle seems to be forming on City Lodge. There are signs of a rounding cup, a handle that is in the process and now it needs to complete. Once the price breaks above the brim level, it'll be more positive for upside. 7=21 = About to cross Price>200 - Bullish RSI>50 - Pointing down? Target R6.51 WARNING is that the previous trend was sideways. We are not a fan of buying breakout when the market is going no where slowly. HOWEVER, if you look farther back you'll see there is a MASSIVE W Formation that is also showing since May 2022. So if we get a break above the neckline, this could be a fantastic medium to long term hold as well. ABOUT THE COMPANY City Lodge Hotels Limited is a South African company that operates a chain of budget hotels. I still think City Lodge is better than many international hotels "budget" chain. I mean, budget hotels in Switzerland are like motels in America (Just saying). Founding: City Lodge was founded in 1985 by Hans Enderle. Public Listing: City Lodge was listed on the Johannesburg Stock Exchange (JSE) in 1987. Brand Portfolio: The company operates under various brands including City Lodge Hotel, Town Lodge, Road Lodge, and Courtyard Hotel. Expansion: City Lodge started with just one hotel in Johannesburg, and as of 2021, the group has over 50 hotels in South Africa. African Presence: Besides South Africa, the group also operates hotels in Botswana, Namibia, Kenya, and Tanzania. Room Count: City Lodge Hotels group operates over 7,000 rooms across its various properties.
JSE:CLHLong
by Timonrosso
Omnia C& tiny H and broken downtrend - heading up to R70.70Cup and Handle formed on Omnia with a tiny little handle. The type of handle you hold when you go to an Italian coffee shop or the ones you buy at a Nespresso. You hold it all awkwardly and you act like you're comfortable. Ye that handle! The price has broken it's downtrend after months of plummet. And now is showing strong signs of upside. We have moving averages looking quite good. 7>21- Bullish Price>200 - Extra bullish Target R70.70 ABOUT THE COMPANY Omnia Holdings Limited is a diversified chemicals group that supplies chemicals and specialized services and solutions for the agriculture, mining, and chemical application industries. Not sure how it got its name but Omnia is a Latin word meaning "all" or "every." The name could represent the diverse range of services and products the company offers across multiple sectors, essentially serving "all" or "every" sector of the industries it operates in. Think of Omnipresent, Omniscient, Omnivore, Omnibus. Founding: Omnia was established in 1953 in South Africa. Public Listing: Omnia was listed on the Johannesburg Stock Exchange (JSE) in 1980. Global Presence: The company operates in more than 30 countries, including Africa, Australasia, Brazil, and China. Divisions: Omnia has three main divisions: Agriculture, Mining, and Chemicals. Agriculture Division: This division offers specialized products and services for various agricultural applications, including crop nutrition, seeds, and plant health. Mining Division: The Mining division offers commercial explosives, blasting solutions, and associated services for the mining industry. Chemicals Division: This division supplies a range of industrial chemicals and polymers. Sustainability: Omnia has a strong commitment to sustainability and responsible business practices, including the responsible use of natural resources. Innovation: The company has a focus on innovation, with its new Nutriology® concept, which involves the science of growing by enhancing the efficiency of crop nutrient use. Research & Development: Omnia has its own R&D facilities to develop new products and technologies. Employees: Omnia employs over 4,500 people worldwide.
JSE:OMNLong
by Timonrosso
Datatec showing strong upside after breakout of C&H to R49.21Cup and Handle has formed on Datatec after a couple of months. Since the price drop, it's been creeping up closing the gap ever so discreetly. We can even say it's created some type of upward channel. Either way it's looking bullish and other indicators confirm... 7>21>200 RSI>50 Target R49.21 ABOUT THE COMPANY Datatec Limited is an international ICT solutions and services group operating in more than 50 countries across North America, Latin America, Europe, Africa, Middle East, and Asia-Pacific "Datatec" is likely a compound of two words: "data" and "technology" (shortened to "tec") Founding: Datatec was founded in 1986 by Jens Montanana in Johannesburg, South Africa. Public Listing: The company was listed on the Johannesburg Stock Exchange (JSE) in 1994. It's also listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Global Reach: Datatec operates globally through three main divisions: Westcon International, Logicalis, and Analysys Mason. Westcon International: This division is a technology distributor, specializing in security, collaboration, networking, and data center solutions. Logicalis: Logicalis is an international IT solutions and managed services provider with a breadth of knowledge and expertise in communications and collaboration; data center and cloud services; and managed services. Analysys Mason: This division provides specialist consulting and research services to telecoms, media, and technology industries worldwide.
JSE:DTCLong
by Timonrosso