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Adcorp showing strong downside to R2.00 then R1.64Descending Triangle and Bearish box formation has formed 200 > 21 > 7 Bearish Target R2.00 then R1.64 Bearish bias ABOUT Adcorp (Established 1983 and listed on the JSE in 1994) is a South African company that provides employment services, including temporary and permanent staffing solutions, training and development, and payroll management. Adcorp operates in several African countries, including South Africa, Namibia, Kenya, Ghana, and Zimbabwe. The company provides a range of services to a diverse range of industries, including finance, retail, construction, and healthcare.
JSE:ADRShort
by Timonrosso
DRD showing mixed signals with bullish bias - Target R15.00Uptrend channel is continuing for DRD Gold Price >200MA - Bullish 21 >7 - Bearish RSI = 50 bearish divergence. Target R15.00 Fundamentals: DRDGOLD, a company, is getting ready to release its results for the last six months of 2022. They are telling shareholders that they think their earnings per share and headline earnings per share will be between 59.5 cents and 68.1 cents per share, which is an increase of 2.6% to 17.4% compared to the same period in the previous year. The increase is mainly due to higher revenue, which went up by 6% to R2,654.3 million. OVERALL: There are mixed signals between technicals and fundamentals, but with the upward channel still intact, my bias remains more bullish.
JSE:DRDLong
by Timonrosso
How to be a LASER Trader!Rinse and repeat. That’s it… It’s one simple little acronym you’ll never forget… Ready? LASER your TRADES 1: Look The first thing you’ll need to do, is to go through your watchlist very quickly. A watch list is a list of markets you’ll LOOK through when finding trades. These markets can range from anything including shares, indices, commodities, currencies and crypto-currencies. When you have your watch list, you’ll go through the list and get a feel for how the markets have moved for the day. Example: Before I trade anything, I LOOK at the JSE All Share 40 stocks that are in my watch list. I then run through them briefly to see how the markets are performing. 2: Analyse The second round of going through your watch list, is where you’ll look for specific trading setups. Whether you trade using price action, patterns, indicators, volume etc… This is where you’ll ANALYSE the charts individually. Also with this step you’ll write down potential trades that are lining up. 3: Setup The third step is to go back to the markets that you’ve written down – which you’re looking to trade. You’ll then do your simple trading calculations and place your chart SETUPS so you can see where your trading levels are. EXAMPLE: If I see a trade that’s lined up, I’ll draw horizontal levels showing where my entry, Stop loss (risk) and take profit (reward) levels are… I like to use: Blue for entry Red for stop loss Green for take profit 4: Execute You’re ready to JUST TAKE THE TRADE! And then you’ll place your entry, stop loss and take profit levels. You’ll choose how many CFDs you’ll need to buy according to your money management rules. And then hit trade! 5: Record As soon as you’ve successfully taken the trade, head over to your journal (excel document) and record your trade transaction. That’s how to be a LASER Trader… And on a daily or weekly basis, you’ll repeat those steps…
JSE:J200Education
by Timonrosso
Hulamin just got a sell signal to R2.25!M Formation has formed on Daily. Things have been looking very bad for Hulmain for the last year now. 200 >21> 7 - Bearish RSI <50 and bearish divergence Target R2.25 General info: Hulamin (est. 1935) is a South African aluminium rolled products manufacturer and distributor, listed on the Johannesburg Stock Exchange (JSE). They produce a wide range of aluminium products, including plate, sheet, and foil products. The company has a strong focus on innovation and has developed a number of unique and patented aluminium products. There seems to be trouble in the Aluminium space. Either there is an overcapacity, lower demand, better alternatives and higher competition or there is a shift taking place where consumers are turning more and more to renewable sources. This is going to hamper the prices further with these companies.
JSE:HLMShort
by Timonrosso
The Foschini Group Waiting for a break up to R140.24Broken out of downtrend since September 2022 Cup and Handle has formed in the interim (with the handle in play). We just need to wait for a breakout to the upside 7=21 but looks like it wants to cross up. RSI>50 - Bullish (Good) Target R140.24 General Info: The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925 which is headquartered in Cape Town. It has operations across South Africa (with over 1,000 stores and 20,000 employees), as well as in other countries in Africa and the UK. The group's portfolio includes well-known brands such as Markham, American Swiss, The FIX, and Foschini.
JSE:TFGLong
by Timonrosso
1
Prosus hit our price target at R1,445 and enters into a bullSince we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull (rising) channel is on the way. This is where trend traders will ride it on up until the trend breaks. It doesn't give us breakout traders a good entry level but for others I'm sure they can raise their trailing stops and keep it going. General Facts: Prosus is a Netherlands-based investment company (that operates in more than 80 countries) that was created through the spin-off of Tencent's international internet assets. The company's primary focus is on the technology and internet sector. You'll find it's listed on the Euronext Amsterdam stock exchange and the Johannesburg Stock Exchange (JSE). For our analysis we are talking about the one listed on the JSE (South Africa) Prosus has a market capitalization of over $100 billion and its portfolio includes investments in companies like Naspers, MakeMyTrip, and Delivery Hero.
JSE:PRXLong
by Timonrosso
Thungela is running out of steam - Target R88.70 Thungela has formed a Large H&S cine May 2022 The price has broken below the neckline and seems to be dropping further. 200 >21> 7 - Bearish (Red) RSI <50 Red and has formed a Bearish divergence. However, the price is coming down with the RSI which confirms a bear market. Target R88.70 General info. Thungela Resources Ltd (formed in 2020 in JHB as a spin off from AGL (Anglo American)) is a South African mining company that is focused on the production of coal. The company's primary focus is the mining of high-quality metallurgical coal (Production of steel) and thermal coal (Generate electricity). You'll find their main operations are located in the Witbank coalfield, which is one of the largest coal-producing regions in South Africa. The mines include the Klipspruit, Mafube and New.
JSE:TGAShort
by Timonrosso
3