W Formation formed (small but evident). The price has broken above the neckline, showing strong buying and demand. The indicators look good for upside on the peripheral. 7>21 - bullish Price>200MA RSI>50 1st Target R126.66 ABOUT: Investec Limited was founded in 1974 and is headquartered in Johannesburg, South Africa. Investec is a diversified financial...
I had previously anticipated that JSE:INP could break below the resistance level. The stock is moving in the opposite direction, invalidating the previous short idea. A long trade can be initiated here, although it would've been ideal to buy near the breakout level, targeting the recent highs.
JSE:INP consolidating above a barely existing support level. The stock is trading below a (declining)150 dMA, the support level may not hold for that long. Based on this, JSE:INP is setting up for a short trade.
Cup and Handle formed on a larger scale. 21>7 - Bearish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R142.49 Unfortunately, it's not looking good for the trade. It's close to the Stop loss. It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart...
Cup and Handle formed which is what we were waiting for. The breakout was quite vigorous and didn't give us the buy signal until Friday where the price opened above the breakout. Now that the price came down a bit gives a great buy signal A conservative trader will continue to wait for the price to retest a bit further. But an opportunist, will buy ASAP....
Falling Wedge is still in play with Investec. We see 7>21 SMA - Bullish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R120.57 General Info: Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services...
Financials were promising prior the release of the Phala Phala report, political shenanigans are over now (hopefully). Took a long position as JSE:INP crossed R103 but the share price then got stuck in a limbo. The position is still alive, waiting for a breakout on either direction, preferably on the up side.
JSE:INP is approaching the previous all-time high. Stock is on the watchlist for a potential breakout.
JSE:INP JSE:INL had an incredible run in 2021. Like most stocks, it's experiencing challenges in 2022. The stock has been trending lower; above R75, it can find support. Below R74 things could be worse. Our charts show that the financial sector, and banks, is weak. Not hopefully that R75 will hold but the market will decide.
JSE:INL has had a great run, all the banks actually. The fast MA is now below the slow MA, not something you want to see in a stock you own. We're bearish on JSE:INL , this look like a Stage 4 breakdown, a Stage we avoid by all means!
A possible move up to the resistance level of the range...
An engulfing candle pattern has formed on JSE:INP . It is looking good for a downward move. Stochastic has also confirmed the momentum.
JSE:INL formed a bearish harami at a resistance level. Once confirmed, we could see a nice downward move towards the previous support level.
JSE:INL has broken through a support level and is possibly going to make a move downwards. As always, wait for confirmation.
JSE:INL has been trading in a parallel consolidation channel since December but it seems to be breaking out with today's price action. If it confirms with tomorrow's price action, it could be setting up for a short position towards the support zone around the 7700 level.
JSE:INP has closed below an ascending support level. I will wait to confirm before entering a short.
JSE:INL has encountered resistance and will most likely turn downwards for a short. The stochastic is also turning down through the 80 which is a possible reversal sign.
JSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern. "As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout...