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ALSI

ALSI

CPI - Potential Long Using our fractals strategy, JSE:CPI has signaled a possible long position coming up. The price broke out through the descending resistance line and, if it breaks the high of yesterday, we will be entered into a long position. The stochastic isn't at the most desirable location but it could still play out nicely.

Long

Short triggered on Mr Price All of our 3 momentum indicators have crossed down on JSE:MRP , signaling a possible short position. With today's opening, we were triggered into our short position with our target matching up nicely with the lows of mid July at the 165 level.

Short

Bearish Harami on BHG A Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.

Short

PPH Short A short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.

Short

Bearish Engulfing on ABSA A bearish engulfing candle formed on JSE:ABG on Friday. With this morning's price action, we have been triggered into a short position. The stochastic and MACD are also confirming this move.

Short

CLS - Breakout of consolidation JSE:CLS has been trading in a sideways consolidation zone since early May. With the price action on the 16th of Aug we finally broke out of the sideways move. If it continues up, I think we could be looking at a nice long position.

Long

BTI - Short With today's price action we have been triggered short on JSE:BTI . If this momentum continues and it breaks through the 665 level, we could see it reaching our target at around the 600 level.

Short

Long on Woolworths We have entered a long position on JSE:WHL based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 63.50 level which coincides with the highs from September 2021.

Long

REM - Long We have entered a long position on JSE:REM based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 154 level which coincides with the highs from March 2022.

Long

CAPITEC Long We have entered a long position on JSE:CPI based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 230 level.

Long

Potential short on Naspers An upward trendline ahs been broken on JSE:NPN as well as the stochastic and MACD both turning downwards. This could mean that we could be seeing a downward move if it breaks lower. Be cautious, though, as the markets have been extremely volatile lately.

Short

NED - Bullish Engulfing A bullish engulfing has formed on JSE:NED . This could mean a reversal to the upside.

Long

GRT - potential long JSE:GRT is showing signs of an upward move. If it breaks higher than 1330, I'll enter a long position.

Long

BTI looking good for a short The Stochastic, MACD and the 3 and 15EMA's have all crossed downwards on JSE:BTI which are all good indications of a possible short position. If it breaks lower than the opening of this morning, I will enter short.

Short

Large Engulfing Candle A very large engulfing candle has formed on JSE:NPH . It has engulfed at least the last 6 candles which makes it a stronger signal. So I think we can expect an upward move from here.

Long

Harami on Woolworths A Harami candle pattern has formed on a support level on JSE:WHL . This candle pattern potentially indicates a reversal, so we could see a move to the upside from here.

Long

Kumba - short We have entered a short on JSE:KIO based off of the stochastic, MACD and EMAs all pointing downwards. Aiming for the 377 level for our target.

Short

Short entered on SBK A short has been entered on JSE:SBK based off of our momentum indicators. We are aiming for a target at around 12300 or adjusting the stop loss accordingly as the trade moves downwards.

Short

NPH - Short A bearish engulfing formed on JSE:NPH as well as the crossing down of the stochastic, MACD and EMAs. All of these are signs for a short position.

Short

ABSA - Short JSE:ABG is looking good for a short position. All 3 momentum indicators have crossed downwards.

Short

REMGRO - Bullish Engulfing A bullish engulfing candle formed on JSE:REM with yesterday's price movement and a long position was triggered today. we are looking at a target around the R153.50 level.

Long

JSE ALL SHARE 40 - Bull Trap - Inverse Cup and Handle - 25 May The JSE ALL SHARE 40 seems to be forming two bearish patterns. 1. An Inverse Cup and Handle where the price is about to break below the brim level sending it down. 2. Bearish pennant which is tricking many traders into a bull trap. I may be wrong and this might be the bottom but in my 2 decade career, I've learnt to go with the trend until it confirms an end. So I am going short JSE ALSI 40 today.

Short

by timonrosso87

Head and Shoulders on Richemont A head and shoulders pattern has formed on JSE:CFR . The neckline is ascended slightly, but I think it has a fair chance of playing out. The target is down at the R89 level.

Short

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