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UPDATE: Life Health Care exceeded our targets big timeLife Health Care was presenting a simple Head and Shoulders with a usual drop for a short. The price started off well then went to the entry. Wake up and not only did it go past R15.96 target... The market opened aty R10.80 exceeding our expectations and profits. It's these trades that we absolutely love and can't help but get excited when things go extraordinary to our favour. Now there is a W Formation and the price has broken up. So looking at a Medium Probability setup, we can expect the price to head to R14.29.
JSE:LHCLong
by Timonrosso
UPDATE Redefine Falling Flag break into a sideways range Falling Flag - Breakout took place on 18 Dec 2024. The price stayed above 200MA but lingered between the range of 20MA. We are seeing lower highs and lower lows. WHich means a broadening formation is forming between the bulls and the bears. There is no strong indication when the price will rally but the analysis does remain the same until the price either hits the target or below the stop loss range. The target is still set to R4.39.
JSE:RDFLong
by Timonrosso
Capitec Vuvuzela with bullish bias & strong fundaments to R2,485Capitec has been in this Broadening Pattern (Vuvuzela) formation since November 2023. It breaks into higher highs and lower lows. But the overall momentum and trend channel is up. It will continue trading in this range until we get a breakout of the resistance or support. My bet is it will first trade to the top of the range at R2,485.92. Capitec has always been the outlier compared to the other banks with very little correlation. WHen it does well, it runs up regadless what the bigger banks are doing. Also fundamentally, it doesn't seem to follow suit with the Big 5. Firstly, Capitec announced a substantial 15% growth in headline earnings, which reached R9.7 billion. This increase was driven by growth across various sectors of the bank, including a notable 124% profit surge in its business banking sector and a significant increase in net lending, investment, and insurance income​ Also, Capitec has been actively investing in innovative digital solutions and client rewards programs, which have contributed to its strong performance. They introduced a variety of digital payment solutions like Apple Pay, Samsung Pay, and Google Pay with zero transaction fees, as well as their own secure online payment tool, Capitec Pay. So ye, big up to an innovative unclipped wings bank like Capitec.
JSE:CPILong
by Timonrosso
Merafe Dividend messed up analysis to the upside of R2.00What a difference a dividend makes! The payment went out on the 15 April 2024, and because there are derivatives that traders can trade off - the algorithm droped the share price quite significantly. I don't think this company should be providing such high dividends if it wants growth in the share price, but hey I'm just the guy behind a computer. So last time, we saw a Dividend release in September, it took 6 months for the share price to make it's way up and close the gap. Now it is likely for the same thing to happen. This is not a technical analysts haven type market because fundamentals trump the price action. But overall, I guess shareholders are remotely happy for their income distribution and in the long run Merafe will one day hit R2.00 :D
JSE:MRFLong
by Timonrosso
Bidvest in resting mode until the big breakout up to R290.00Bidvest has been moving in a sideways consolidation pattern called a Diamond Pattern since November 2023. This is where there is a tug of war between the bulls and the bears. BUt the fact that the price is holding quite well despite the international market crashes, means the buyers are holding the stock strong. It will most like need a few more weeks/months for the pattern to play out. But once it breaks above the consolidation, we can easily see the price head up to R290.00 It's a patience game for Bidvest.
JSE:BVTLong
by Timonrosso
Anglo American Plats rare metal and rare formation showing upsidBroadening Formation (Vuvuzela) and W Formation is forming on AngloPlats. We are seeing synergy with the upside with the platinum price and platinum stocks. I guess no suprise knowing they work in tandem with each other. Also, there is a good chanc eof upside with the price above both: Price>20 and Price>200 Wait for break above the necklines and we could get a Target of R1,001 Moving onto the fundamentals: The increase in Anglo American Platinum's stock price in 2024 can be connected to the broader market dynamics affecting platinum prices. Factors like a global supply deficit, driven by production challenges and rising demand from sectors such as automotive and green technologies, contribute to the metal's price increase. As Anglo American Platinum is a major producer of platinum, these market conditions likely positively impact the company's stock price by enhancing profitability prospects due to higher platinum prices.
JSE:AMSLong
by Timonrosso
Write off Kibo Energy off your time wastersThese are the type of stocks that I don't even give one breath of a time to see. Yes I'm doing that now, but the thing is there are MANY traders who think these are the stocks they can buy at 1 cent and hold to 4c - 400% return and this can lead to one of three ways. 1. You hold forever 2. You strike lucky and it actually does go there 3. It goes to 0 and gets liquidated and you lose your money But as traders, these are time wasters. There is no liquidity, no volume, there is no action. I can't analyse this type of stock and this is purely for the savvy Penny Stock INvestors who have read the fundamentals, share ratios and have seen the proespects for a POTENTIAL future for the stock. Other than that for traders - I leave it alone.
JSE:KBOLong
by Timonrosso