IT
ZScaler inside uptrend channel (Watching!)ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line.
RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. -----> conditional Bull
OBV has been trending upwards since the earnings gap-up we had May 29th. -----> Bull
50sma is lining up with the lower channel line, which could work as a support, and a buy entry with low risk.
JSE 30-Day challenge: Day #3 PBG3rd Day. Today we bought some discounted IT shares.
I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row.
Goals:
1. Buy stocks every day.
2. Keep balance at least of ZAR150.000 on 20 June
2. At least 30% of picked up stocks need to hit 25% profit gain.
Rules:
Only JSE stock exchange.
The initial budget is ZAR300.000
Limit per one trade from ZAR5.000 to ZAR10.000
Spend no more than 1 hour per day to buy any stock and publish the idea.
Last day to buy stocks - 20 May
Last day to sell stocks - 20 June
Log:
1st day is JSE:MCG ~9100
2nd day is JSE:NHM ~8325
3rd day is JSE:PBG ~191
GOLD UPDATE LONG AGAINGOLD UPDATE
AT FIRST Glance actually THOUGHT that the price was going up again BEFORE TODAY HAPPENED, with watching the Highs and Lows. But with that to confirm, GOLD needed to break and close below 1655 on any higher TF, mostly on 4 Hour TF. This market has become a market ready to bounce again, at least for now. Now, we need to wait for the wick at support and confirmation candle to get into this pair more to head to 1795 - 1800 TP.