CLS at possible turning pointJSE:CLS is trading at a significant resistance level at the moment. It will most likely not break through this level. The stochastic indicator is looking like a turn downwards is imminent as well.
If this level is broken and a higher high is confirmed, we could continue with the strong momentum in an upward direction.
We will just have to wait and see which direction is chosen
ALSI
ALSI - Resitance hit at the top of the 4HR Kumo cloudJSE:J203
Price bouced of 4HR Kumo cloud resistance level
BHP in a channelJSE:BHP has failed to break out of the downward trending channel that it has been trading in and has once again bounced off the top for a downward move. We could see it continue down to the bottom of the channel, but it might also find some resistance around the 31000 level as it has before.
APN - Tested previous spike lowJSE:APN has recently tested a spike low that it formed in March this year. It first it seemed like it had broken through, but it has since bounced and seems to be on its way up. Stochastic is confirming. If it breaks above yesterday's high, I will consider a long on Monday.
Downward channel on BHPJSE:BHP is trading in a downward channel. It has reached the top and will most likely be heading down towards the bottom of the channel. Failing that, a break out through the top could mean a long position.