Nampak about to pack an upper cut punch up to R494.59W Formation has formed on Nampak.
The price has broken up and is showing it's reached a bottom and buyers will start piling in here.
Otehr indicators confirm.
7>21 - Bullish
Price>200 - Bullish and it's the first time in MONTHS since we've seen the bull crossover.
RSI>70
Target 1 will be to R494.59
ABOUT THE COMPANY
Packaging Solutions:
Nampak is a leading provider of packaging solutions in Africa, offering a wide range of packaging products across various industries.
Founded in 1968:
Nampak was founded in 1968 in Johannesburg, South Africa.
Pan-African Presence:
The company operates in several African countries, including South Africa, Nigeria, Angola, Zimbabwe, and more, making it one of the largest packaging companies on the continent.
Diverse Product Range:
Nampak's product portfolio includes metal packaging, glass packaging, paper and board packaging, and plastic packaging.
Metal Packaging:
Nampak produces metal packaging products such as cans, beverage cans, aerosol cans, and metal closures for various consumer goods.
Glass Packaging:
The company manufactures glass containers for beverages, food, and other products.
Paper and Board Packaging:
Nampak provides paper-based packaging solutions, including cartons, folding cartons, and corrugated packaging for various industries.
Plastic Packaging:
The company produces plastic packaging for a wide range of applications, including bottles, containers, and other plastic products.
Sustainability Initiatives:
Nampak has implemented various sustainability initiatives to reduce its environmental impact, such as recycling programs and sustainable packaging solutions.
International Operations:
In addition to its African operations, Nampak also has international operations in the United Kingdom, Ireland, and Europe.
Jse
Transaction Capital ready to shoot up to R18.56 thanks to a box?Box Formation has formed on TCP.
We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.
However, we are seeing potential signs of a bottom as there could be more buying to push the price up.
Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the downtrend resistance at R18.56
ABOUT THE COMPANY
Core Focus:
Transaction Capital is a financial services company that focuses on two main business segments: Credit Services and Taxi Services.
Founding Year:
The company was founded in 2007.
Credit Services:
The Credit Services segment provides specialist lending and related services to businesses and consumers, with a focus on the lower-income market.
Taxi Services:
The Taxi Services segment focuses on the minibus taxi industry in South Africa, providing various services and products to taxi operators.
Ride-Hailing Investment:
Transaction Capital's Taxi Services segment includes a significant investment in SA Taxi, which provides financing and support services to the minibus taxi industry. SA Taxi also ventured into ride-hailing services, creating competition for established ride-hailing companies.
Risk Management:
The company places a strong emphasis on risk management and data analytics to inform its lending decisions and manage credit risk effectively.
Technology Integration:
The company has integrated technology and data analytics into its operations to improve efficiency, decision-making, and customer experience.
Social Impact:
Transaction Capital's investments in the taxi industry and related services have a broader social impact by supporting local transportation and livelihoods.
JSE ALSI 40 showing leading signs of downside to 60839M Formation has formed on the JSE ALSI 40.
While the SP500, Dow Jones and Nasdaq have been going up this year, it strangely looks like the JSE ALSI 40 has broken it's correlation.
Not only has America NOT been leading the JSE, it seems like the problems (economically and politically and socially) are showing signs for the country.
Now, either we get another fakeout and the market moves back up and goes "Tricked you again" as it's done this entire year.
Or this is the break down and start of major downside to come for the rest of the month.
Other indicators are showing downside momentum.
21>7
Price<200
RSI<50
Target will be 60,839.
What do you think? Will we get a bounce up or a crash from here?
USD/ZAR upside to R21.72 after a resistance breakout Rev C&H has formed on the USD/ZAR.
If we get a slight retracement back it could be forming a Right shoulder to an Inv H&S.
Regardless, this looks bearish for the ZAR and bullish for the USD.
Other indicators are showing upside to come for the greenback.
7>21>200
RSI>50
Target 1 will be R21.72. Ouch for the rand.
The government and load shedding is really messing with the economy of this beautiful country of opportunities and diversification.
JSE ALSI Broken below 200MA first time since Nov 2022Symmetrical Triangle formed on ALSI and the darn price has just been moving within it for months on end.
Any JSE short term trader is most likely struggling with the whipsaws.
If one is not diversified in Forex or Indices - I don't know how they are making an income this year.
Regardless, the price has broken below the triangle and below the 200MA for the first time since Nov 2022.
We are seeing bearish signs continue including:
21>7
Price<200
RSI<50
Target 1 will be 60,000.
WARNINGS: KNowing the ALSI it could most likely cause another fake-out (haha fooled you) trick again. And the price will go right back into the triangle.
The world is showing more bearish signals but as you know things can change SO quickly with the market.
Medium term I'm short until further notice.
Merafe showing strong upside to R1.47 after great resultsCup and Handle has formed on Merafe and once again it looks like it's going to head to the top of the channel yet again.
Also results have come out beating expectations by over 30%.
We have other indicators showing upward momentum including:
7>21
Price<200
RSI>50
Target R1.47
Remgro upside still on the box of cards - R191.31Box formation formed on Remgro.
Now this is an update to show the upside that's on the way, and what is to come.
As a short term trader one can set the target at R169.00.
As a medium term trader one can set the target to R191.00.
All depends on the R:R placement method and term to hold.
Either way, this thing is heading up.
MAs - 7>21>200
RSI>50
Target R191.31
ABOUT THE COMPANY
Remgro Limited is an investment holding company based in South Africa. Remgro is a prominent investment holding company based in Stellenbosch, South Africa.
Establishment:
Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer. originally part of the wider Rembrandt Group founded by Dr. Anton Rupert.
Name Origin:
The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s.
Investment Focus:
The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors.
Headquarters:
Remgro's headquarters are located in Stellenbosch, South Africa.
Major Investments:
Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell.
Mediclinic Corporation:
In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group.
Sports Investment:
Remgro owns a controlling interest in the Stellenbosch Rugby Academy.
HOW IT GOT ITS NAME
Remgro, short for Rembrandt Group Limited, gets its name from the larger conglomerate it was part of, the Rembrandt Group, which was founded by Dr. Anton Rupert in the 1940s.
The name "Rembrandt" was likely chosen as a nod to the famous Dutch painter, Rembrandt Harmenszoon van Rijn, reflecting the Dutch heritage of the Rupert family. When the Rembrandt Group restructured in the 1980s and 2000s, the investment arm became known as Remgro.
UPDATE You pay less for Clicks for NOW target still R340You pay less at Clicks but the price is going up so now is the best time to buy.
We have an Inverse Head and Shoulders pattern form, as I mentioned earlier. the price broke up and is showing strong upside to come.
We have other indicators confirming including:
7>21>200
RSI>50
Target R340.76
ABOUT THE COMPANY
Clicks is a well-known South African retail pharmacy, health, and beauty chain.
Clicks was founded in 1968 in Cape Town, South Africa, as a health and beauty retail store.
Product Range:
Clicks offers a wide range of products, including pharmaceuticals, over-the-counter medications, beauty products, skincare, haircare, personal care items, and more.
Store Network:
Clicks has a vast network of stores across South Africa, with locations in cities, suburbs, and shopping malls.
Pharmacy Services:
Many Clicks stores have an in-house pharmacy, providing prescription medications, advice from qualified pharmacists, and other pharmaceutical services.
Private Label Products:
Clicks has its own private-label brands for various products, offering customers affordable alternatives to well-known brands.
Wellness Clinics:
Some Clicks stores have wellness clinics that offer various healthcare services, including vaccinations, screenings, and family planning consultations.
Beauty Services:
Some larger Clicks stores offer beauty services such as nail bars and eyebrow threading, enhancing the shopping experience.
Online Shopping:
Clicks offers an online platform where customers can shop for a wide range of products and have them delivered to their homes.
Rewards Program:
The Clicks ClubCard loyalty program offers customers discounts, cashback rewards, and personalized offers based on their shopping habits.
Parent Company:
Clicks is part of the Clicks Group, which also owns other retail brands like Musica, The Body Shop, and UPD (United Pharmaceutical Distributors).
HOW IT GOT ITS NAME
The "Clicks" name was apparently derived from the sound that the founder, Jack Goldin, heard from a clicking stethoscope, embodying the health focus he wanted for the company.
However, due to the existing legislation, the health focus was not immediately realized until later years.
Hyprop showing strong upside with property in SA -R36.35C&H has formed on the daily with the price breaking above the brim level.
Property market in SA is shining and we are seeing this with a couple of stocks.
Other indicators confirm upside including:
7>21
Price>200
RSI>50
Target R36.35
ABOUT THE COMPANY
Hyprop Investments Limited is a South African-based real estate investment trust (REIT) that focuses on owning, managing, and developing shopping centers and other commercial properties.:
REIT Structure:
Hyprop operates as a real estate investment trust (REIT), which means it is required to distribute a significant portion of its earnings to shareholders in the form of dividends.
Property Portfolio:
The company primarily invests in high-quality shopping centers and commercial properties, both in South Africa and other countries.
Retail Focus:
Hyprop's primary focus is on retail properties, and it aims to create appealing shopping destinations that cater to a wide range of consumers.
Diverse Portfolio:
The company's property portfolio includes a mix of shopping centers, office spaces, and other commercial properties.
Shopping Centers:
Hyprop's shopping centers are strategically located in major cities and towns, serving as hubs for retail, entertainment, and social activities.
Notable Properties:
Some of Hyprop's notable properties include
Hyde Park Corner,
Canal Walk, and
Clearwater Mall, among others.
Expansion:
The company has sought to expand its property portfolio both within South Africa and internationally, with a focus on growing its presence in key markets.
HOW IT GOT ITS NAME
Hyprop Investments Limited derived its name from a combination of the words "Hyde Park Property."
The company's name reflects its origins and early focus on property investment in the upscale Hyde Park area of Johannesburg, South Africa. "Hyde Park" is a well-known and affluent suburb in Johannesburg, and it was likely chosen as a symbol of the company's commitment to high-quality real estate investments.
Gold fields not that glistening right nowInv Cup and Handle pattern has formed on the daily.
We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully.
Other indicators show upside to come.
21>7 (Bearish)
Price >200 (Price heading towards it).
RSI<50 (Sell divergence)
Target R156.86
ABOUT THE COMPANY
Gold Fields mining company, a South African gold mining firm.
Company Background:
Gold Fields Limited is a globally diversified gold mining company headquartered in Johannesburg, South Africa. It is one of the largest gold mining companies in the world.
Founded:
Gold Fields was founded in 1887 by Cecil Rhodes and Charles Rudd in what is now the city of Johannesburg.
Operations:
The company has operations in multiple countries, including South Africa, Australia, Ghana, Peru, and the United States.
South African Operations:
Gold Fields' South African operations include the South Deep mine, located in the Witwatersrand Basin. South Deep is one of the largest gold mines in the world and one of the deepest mines.
International Operations:
Gold Fields' international operations cover a diverse range of mines, including open-pit and underground mines in various regions around the world.
Curro Holdings is showing upside to R11.86 with a C&HCup and Handle has formed on Curro. We need the price to break up above the Brim level to confirm a better level.
7>21>200
RSI>50 Buy divergence
Target R11.86
About the company
Curro Holdings is a South African company that operates private schools and offers education services.
HOW IT GOT ITS NAME
Curro Holdings' name is derived from the Latin word "curro," which means "I run" or "I move." The name reflects the company's aim to provide an educational environment that nurtures growth, development, and progress for students.
Founding and Establishment:
Curro Holdings was founded in 1998 by Dr. Chris van der Merwe. The company's primary objective was to provide quality private education in South Africa.
Education Group:
Curro Holdings is one of the largest independent school companies in Africa. It operates a network of private schools, providing education from nursery to high school levels.
Schools:
The company operates a wide range of schools, including
Curro Schools (mainstream schools),
Curro Castle (early learning centers),
Meridian Schools (affordable private schools),
Curro Academy Schools (more specialized academies), and more.
Education Approach:
Curro often emphasizes a learner-centric approach to education, focusing on individualized learning and smaller class sizes compared to many public schools.
Expansion:
Curro has experienced significant growth since its inception. It has expanded its school network across South Africa and even ventured into other African countries like Namibia, Botswana, and Zambia.
Renergen running out of energy target to R9.33Descending Triangle or M Formation has formed on the daily for the company.
The price has merely broken below which doesn't make ait a strong sell signal.
However, there are signs of further downside to come.
200>21>7
RSI<50 (Sell divergence)
Target R9.33
TARGET 2 Reached at R13.38 for Old MutualFalling Wedge formed on OMU, the price broke up and it was clear demand and buying from there.
We also had a W Formation confirming strong upside.
7>21>200
RSI>50
Target 1 -> R12.61 Reached
Target 2 -> R13.38 hit today.
The uptrend is still on the way, but we'll need to wait for a consolidation pattern to form before getting in.
This is the best type of trade for trend traders right now.
UPDATE: Thungela still showing further downside to target R88.70Large H&S since May 2022 formed with the coal mining company.
It broke down in January and since then has been sliding on a gradual downtrend.
Other indicators confirmed downside to come including:
200 >21> 7 - Bearish (Red)
RSI <50 Red
The target still remains to be R88.70 and it looks like coal is still in very murky water.
JSE ALSI 40 testing support before further upside to 75,000?The JSE ALSI 40 is retesting the support from the breakout from the broadening formation...
We need this level to hold to continue the upside.
America got downgraded from AAA to AA+. This might cause turblence with the upside to come.
We'll have to let the panic settle and for the bulls to continue fighting for the upside support.
I'll let you know.
Growthpoint looking to point up after W breakoutW Formation has formed on the property company over the last 3 months.
Today we are seeing a strong breakout to the upside.
Also, the downtrend has broken and the price has moved into a bull market showing strong momentym up.
Other indicators show upside to come:
7>21 Bullish
Price<200 - Bearish but, price action is showing upside to come.
RSI>50
Target R14.44
ABOUT THE COMPANY
Growthpoint Properties Limited is a South African-based real estate investment trust (REIT) and one of the largest property investment companies in the country.
Name:
Growthpoint Properties Limited is commonly known as Growthpoint.
Establishment:
Growthpoint was founded in 1987 and has grown to become a prominent player in the South African property market.
REIT Status:
Growthpoint is classified as a real estate investment trust (REIT), which means it enjoys certain tax advantages and must distribute a significant portion of its earnings as dividends to shareholders.
International Presence:
While primarily focused on the South African property market, Growthpoint has expanded its footprint internationally, with investments in several countries.
Diverse Portfolio:
Growthpoint's property portfolio is diverse and includes office buildings, industrial properties, shopping centers, and retail properties.
Property Assets:
The company owns and manages numerous properties, including landmark buildings and shopping malls across South Africa and abroad.
SOME OFFICES AND SHOPPING CENTRES INCLUDE:
OFFICES:
Sandton City Office Tower
The Place
85 Grayston Drive
Growthpoint Kings Park
The Estuaries
SHOPPING CENTRES:
Canal Walk Shopping Centre
East Rand Mall
The Atrium on 5th
Northgate Shopping Centre
The Constantia Village
TARGET REACHED: SHoprite at R257.66 thanks to Head and SHoulderTarget reached R257.66 from the Inverse Head and Shoulders we pin pointed in July.
The price broke above the neckline and out of the medium downtrend.
We followed the textbook way, and the price shot to the target at R257.66.
It can continue higher. Or it can consolidate.
But either way, we need to wait for the next setup.
TARGET REACHED: Outsurance to R39.10 - Watch outMy first target reached at R39.10.
A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs.
This is the best case scenario for a long buying trade. The thing is, what's next?
We could get a bit of a retracement here in a consolidation manner. This is where retail traders sell off their profits and other traders start prepping for the next upside.
Once the pattern forms, breaks out - I'll let you know.
Truworths looking like The Foschini and it's up to R69 (Nice)Inverse Head and Shoulders potentially is formeing on Truworths.
Through my experience, this formation might be short as the price action is very strong to the upside.
It might skip the entire Right SHoulder and just head right to the target from the getgo.
7>21
Price<200 But price is so close to the level, it can smell it. If it breaks up, it'll be great for upside.
RSI>50
Target R69.45
ABOUT THE COMPANY
~ Truworths is a South African-based retail company specializing in fashion apparel, footwear, and accessories.
~The company was founded in 1917 and is headquartered in Cape Town, South Africa.
~ Truworths operates a vast retail network of stores across South Africa and has a presence in several other African countries, including Namibia, Botswana, Zambia, and Eswatini.
~The company's retail brands include Truworths, Truworths Man, Identity, Uzzi, and Earthchild, catering to different customer segments and fashion preferences.
~Truworths focuses on providing trendy and affordable fashion for men, women, and children.
HOW IT GOT ITS NAME
Truworths got its name from its founders, Isaac Krawitz and his brother, Hillie Krawitz. When the company was established in 1917, they named it "The Alliance Trading Company." However, as the business grew and expanded, they decided to change the name to Truworths in 1933. The new name was chosen to reflect the company's commitment to providing customers with quality products of true worth or value.
Trellidor Symmetrical Triangle potential signs of up or down Trellidor Symmetrical Triangle showing conflict
Symmetrical Triangle formed on Trellidor. This is a consolidation pattern where the price converges and then usually breaks out into the prior trend.
Hence it's a Continuation Pattern. Now we have seen higher lows. and the price is showing signs of upside. But then we have momentum indicators saying otherwise.
21>7
Price>200
Bearish
Higher lows
Target up if it breaks out is R3.20
Target down if it breaks out is R1.43
ABOUT THE COMPANY
Trellidor is a South African company that designs, manufactures, and installs customizable security barriers for residential and commercial use.
Founding:
Trellidor was established in 1976 in Durban, South Africa.
The Name:
The name "Trellidor" is derived from the word "trellis", which is a framework of light wooden or metal bars, typically arranged in an intersecting pattern, often used as a support or barrier. This reflects the company's primary product - trellis-style security gates.
Headquarters:
Trellidor's headquarters are in Durban, South Africa.
Public Listing:
Trellidor has been listed on the Johannesburg Stock Exchange (JSE) since 2015.
Global Presence:
Trellidor's products are distributed to end-users through a wide international distribution network in 22 countries worldwide.
Diverse Product Range:
The company offers a wide range of customizable security products, including retractable security gates, burglar guards, security screens, rollerstyle shutters, and more.
Innovation:
Trellidor has a history of innovation in its products, including patents for its trellis-style designs and other proprietary security solutions.
Santova M Formation waiting to break down - R7.35M Formation is forming on Santova.
This is a consolidation pattern that took place after strong upside.
Now the price could turn up and form a Box formation, where it can break to the upside.
But as we say, we can only act on what we see.
We absolutely need the price to break below the neck line of the pattern.
21>7 - Bearish
Price>200 - Elastic
Target R7.35
WARNING this is an illiquid, volatile and low volume traded market. So the trades are LPT due to the nature that trades can stop out. AND very few brokers (if any) provide Shorts with it.
Let me know.
ABOUT THE COMPANY
Santova Limited is a South African-based company that provides a wide range of supply chain management services to businesses around the world.
Founding:
Santova Logistics, previously known as Spectrum Shipping, was founded in 1998.
Headquarters:
The company is headquartered in Durban, South Africa.
Global Operations:
As a global logistics solutions provider, Santova has offices in South Africa, Asia, Australia, Europe, Mauritius, and the United Kingdom.
Services:
Santova provides a wide range of services, including international freight forwarding, supply chain management, import/export solutions, warehousing, and distribution.
Public Listing:
Santova has been listed on the Johannesburg Stock Exchange (JSE) since February 2006.
Specialisation:
The company specialises in integrating and simplifying complex international supply chain functions through advanced information technology.
Strategic Acquisitions:
Over the years, Santova has grown organically and through strategic acquisitions to enhance its global footprint and service offering.
Client-Centric Approach:
Santova's business model is highly client-centric, offering bespoke logistics solutions tailored to the unique needs of each client.
Technology:
The company heavily invests in technology and innovation to improve efficiency and service levels.