Short triggered on AMSA short has been triggered on JSE:AMS . We are looking at a target at the strong support level of around the R1250 level.
ALSI
Hulamin broken above Ascending Triangle target R3.80BULLISHness on good old Hulamin has struck.
We see the price breakout above the Ascending Triangle as price is also above >200MA
Target 1 - R3.80
Let's see how this one plays out as the price is meandering around the sideways levels. We need a strong catalyst for upside...
Adcorp could crash to R2.00 if this happensDescending Triangle has formed on Adcorp...
We are seeing the price constrict between the apex as it's been forming lower highs.
200 > 21 > 7 - Bearish
Target R2.00 then R1.64
We do need to wait for a break down though... If it breaks up then things will look more rosy for the share
Aveng short potential symmetrical triangle - Target R8.08Symmetrical Triangle has formed on Aveng... With the property prices on the way down with the global crash, we can expect the price to drop further... However, as traders we need to wait for a breakdown first, to confirm...
This could very well break up and we could have a Reversal Bull Symmetrical Triangle.
But right now the bias is bearish with a target at R8.08
MNP - ShortJSE:MNP is showing all of the signs for a good short move. The stochastic and MACD both turned downwards and the 3 and 15 EMAs have crossed eachother in a downward direction. We are looking to reach a target at the 251 level which coincides nicely with previous significant lows from March this year.
SANLAM - Triggered and looking goodA short was triggered on JSE:SLM this morning and it has already moved quite nicely in our favour. Let's hope this momentum continues all the way to our take profit level.
REM coming up for a shortJSE:REM is showing downward momentum and is looking good for a short position. If triggered, looking to ride it out all the way to the target at R122.
Short triggered on OMUA short has been triggered on JSE:OMU with today's price action so far. The signal was created based off of the stochastic turning down through the 80, the MACD going into the negative, and the EMA's crossing downward. Our target is all the way down at R7.76
BID - ShortA bearish harami formed on JSE:BID two days ago. It came very close to triggering our order yesterday, but just missed it. Once triggered, we aim for a target at the 27800 support area.
AB Inbev - potential short moveJSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
Short on SSWJSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.
MEDICLINIC - could we be going for the highs of May 2018The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.
MTN - ShortJSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.
ANG - Evening StarAn evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.
JSE ALSI 40 ready to rock to 73,300The JSE ALSI 40 is finally showing strong upside since April 2022...
It's broken up and out of a box formation and is showing the first target to 73,300...
This is based on following the recent America's rally with the inflation rate coming down finally and dropping below the expectations. GDP is picking up and jobs have added over 261,000 jobs.
The leaders of the pack was Naspers, Anglo American, Sasol and Shoprite helping push up the JSE.
Bullish Bias...
BTI - LongA bullish Harami pattern has formed on a string support level on JSE:BTI . Looking for a move up to the R780 level.
Bull Diamond Vukile looking goodBull Diamond Break up and out of the resistance for Vukile
It looks good target R15.27.
With the JSE showing a strong bull market since the crypto meltdown.
Investors are looking to deposit and move their money into safer and more stable markets and instruments.
GLENCORE ShortA potential short position has triggered on JSE:GLN based off our 3 momentum indicators, the stochastic, the MACD and the crossing of the two EMA's.
If triggered our target will be down at the R82 level. This coincides nicely with a strong support level from earlier this year and late last year.
Engulfing - FSRWe are looking for a small downward move on JSE:FSR based off of the formation of a bearish engulfing candle on Friday. The short has been triggered and the target is at the R62 level.
Long triggered on ASPENThe stochastic, MACD and 3 & 15 EMA's are all signaling a long position. With the price action just after opening this morning, the trade was triggered long and we are in the trade. Looking for a target at around the R176 level.
SYGH Bullish after two patternsSYGH on Daily had a Triple Bottom Followed by a Falling Bull Pennant
The bias is Bullish and if we base the target on the previous flagpole we can expect
Target 1 to head to R30.50
Bearish Engulfing on PPHA bearish engulfing, which is a top reversal signal, has formed on JSE:PPH . It also looks like the stochastic and MCD and stochastic are about to signal a short very soon too.
We are looking for a downward move all the way to the target at around the 21.25 level.
Amplats to break above 200MA up to R1,917Inverse H and S on Amplats
The break out of the neckline was strong and the MAs look good
7>21- Bullish.
Price is testing 200MA but looks like momentum will help overcome it.
Target R1,917.58
