NPN ShortJSE:NPN has formed a bearish harami and has broken through an ascending support level. I will enter this short if it breaches the fractal that formed on the candle of the 13th of June.
ALSI
Naspers long on Trend Following Momentum StrategyJSE:NPN has triggered a long position on our trend-following momentum strategy. Be cautious with this one, as it has been going up for quite a while and might be due for a retracement soon.
MND bearish engulfing shortJSE:MND has formed a bearish engulfing and is looking good for a short position.
MND LongJSE:MND has broken through a descending resistance and a fractal which is a good sign for a long move. On top of this, there was recently a bullish engulfing candle which is a further sign of an upward move.
MNP now out the top of channelJSE:MND was trading in a downward channel for quite some time and we were expecting a continuation down the channel.
It has recently turned and has broken out the top of the channel.
We are now looking at an upward move similar to what is happening on JSE:MND
INP close below supportJSE:INP has closed below an ascending support level. I will wait to confirm before entering a short.
BHP broken through supportJSE:BHP has broken and closed below an 8-bar ascending support level. I will wait for it to confirm, but looks good for a short position.
AMS Bearish Engulfing at ResistanceJSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position
AGL Short opportunityAfter a very successful long trade, JSE:AGL has now formed a bearish harami signalling a short. I will wait for this to confirm before entering.
AGL breaks out of parallel channelJSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
MRP - Long if it breaks resistanceJSE:MRP has broken through a descending resistance, but it might struggle at the resistance level around 20000.
If it breaks through this level convincingly, I will consider a long position.
Life Healthcare - Breakout at SupportJSE:LHC has broken through a descending resistance line which is also at a support level. I will enter a log position if it breaks through the fractal which is looking quite promising.
DSY Symmetrical triangle and descending resistance breakoutJSE:DSY has broken out of a symmetrical triangle in conjunction with a break out of a descending resistance line.
There is also a fractal that has formed on the top of the candle of the 30th of May.
If it breaks through this level of the fractal, I will consider a long position.
Clicks - Possible ReversalJSE:CLS has formed a bearish harami which is a reversal signal. The last harami didnt play out, so I will wait for a confirmation before possibly entering on Monday.
AMS Bearish HaramiJSE:AMS has broken through an ascending support line and formed a bearish harami pattern.
We will be looking at a short position, but be aware of the support level around 73000 as it might stall there for a while before finding direction again.
Bidvest ReversalJSE:BVT has broken through an ascending support level and is looking good for a short position once it breaks through the fractal level of 5th of June.
Vodacom breaks through top of sideways channelJSE:VOD has broken through the top of a sideways channel that it has been trading in since the 24th of Jan. It has broken out and confirmed the upward move by closing out of the channel twice.
There is also a gap that will most likely close. Just beware that it might find some resistance at gap close.
CPI Piercing LineJSE:CPI formed a piercing line pattern with Friday's close which is a bottom reversal signal.
After a preceding downtrend, the green candle opens below the previous day's close and above the middle point of the red real body. It is a bottom reversal signal, but the candles MUST be different colours.
Shoprite Piercing LineJSE:SHP is showing a piercing line pattern which is a bottom reversal signal. If it continues up, I will enter a long position.
Shoprite Momentum Strategy LongJSE:SHP is showing all of the signs for a long position on our trend following momentum strategy.
It would have been better to catch this a bit earlier, but it still has a bit of room to move until it hits the previous resistance.
Dark Cloud Cover on RDFJSE:RDF has formed a dak cloud cover which is a top reversal signal, so we can anticipate a downward move. Bear in mind that there is also a tempting gap to fill above the current price, so if it goes up, I will enter long at the fractal from 3 June.
RMH Trend Following Long & Descending Resistance BreakoutJSE:RMH broke through a descending resistance a couple of days ago and is also has triggered all of the criteria for a long on the trend following momentum strategy.
We can anticipate a bit more of an upward move before reaching the resistance level.
