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ARI stunning Cup and Handle target to R340Cup and Handle has formed very nicely on the weekly chart. We've also had a strong breakout, confirming from the open of the candle. The moving averages are bullish 7 > 21 >200 RSI >50 - higher lows Bullish Target 1 - R340.00 Here's some information about the company to those who are international: African Rainbow Minerals (JSE:ARI) is a diversified South African mining company that was founded in 1997. The company has operations in the coal, platinum, manganese, chrome, iron ore, and copper industries, among others. ARM is listed on the Johannesburg Stock Exchange and is one of the largest mining companies in South Africa. It is also involved in various social and environmental initiatives in the communities where it operates.
JSE:ARILong
by Timonrosso
Tigerbrands hit our Take profit price at R219.05CHALLENGE TRADE UPDATE: Tigerbrands (TBS) TAKE PROFIT REACHED After a long hold of almost 2 months, Tigerbrands reached our take profit price at R219.05. I was a bit hesitant considering the global chaos and downside that has come down on the markets. But I guess because Tigerbrands is less connected offshore, is the one of the reasons why it's wings were not clipped for movement. The bias is still long and I expect upside to come, but we need to wait for the next Breakout pattern, Follow for more daily trades and analyses :) Trade well, live free Timon MATI Trader Extra news about Tigerbrands if you didn't know: Tiger Brands is a South African multinational food and beverages company that was founded in 1957. The company is headquartered in Johannesburg, South Africa, and is listed on the Johannesburg Stock Exchange. Tiger Brands is one of the largest food companies in Africa, with a diverse range of products that includes grains, confectionery, processed meats, baby food, and beverages. Some of the well-known brands owned by Tiger Brands include All Gold (Doesn't get better than these jams), Tastic, Jungle Oats (Cinnamon is amazing), Bakers, and Albany (Best bread I've ever had in my life). Tiger Brands has operations in over 20 countries in Africa, as well as in Asia, Europe, and the Middle East.
JSE:TBSLong
by Timonrosso
DRD Gold perfect for the picking to R14.12Cup and Handle has formed on DRD and is looking pretty good. There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup... Also Moving Averages have crossed up with 7>21>200 Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the price wants to trend up. Mostly because investors are losing their faith and trust in crypto and they'll be investing in safe havens like gold. If you see here the chart is screaming a buy... Target R14.12
JSE:DRDLong
by Timonrosso
Compounding Trading EXPLAINED with an exampleListen up. If you want to grow your portfolio exponentially, you’ll need to understand this concept. It’s called ‘compounding’. In short, Compounding is a strategy where you allocate your money with your original and current portfolio in order to reinvest it and grow it into an even larger portfolio. Let’s cut to the chase with an example. Meet Jack and Jill. Jack and Jill both deposit R100,000 into their trading accounts and they decide to follow each other’s trades exactly. At the end of the first year, their portfolio performances were identical. As they enter their second trading year, Jack decides to do one thing different to Jill. He decides to withdraw all his profits so that he can enjoy a lavish holiday. Jill on the other hand, decides to reinvest her profits. This way, in the next year, she’ll be able to grow her account even more. They trade this way for the next 10 years. Let’s compare how their portfolios differ. Simple trading versus Compounding trading in action It is clear that Jill is a lot wealthier than Jack where, she has been able to grow her account from R100,000 up to R2,164,657 in just 10 years. Jack on the other hand is right back to where he started, but with 10 memorable holidays. Which position would you like to be in? Every year, Jack takes on the simple interest trading approach. This is where he continues to earn returns on his original portfolio value only. At the end of each year, he takes out the R36,000 in profits, that he earned, and uses the money to go on a holiday. Even after 10 years, Jack continues to bank a fixed R36,000 each year leaving his trading portfolio back to his starting account of just R100,000. Jill on the other hand, takes the compounding interest trading approach. This is where she continues to re-invest her earnings into her portfolio each year, in order to grow it even larger than the previous year. After 10 years of trading, Jill’s R2 million trading account continues to snowball and compound each year. The science of compounding is an extremely effective wealth building strategy. Do you have a trading or investing question, let me know and I'll be happy to help where I can. Trade well, live free. Timon Financial trader since 2003
JSE:J200Education
by Timonrosso
4 Problems when you Hold a Delisted ShareAs we are expecting Steinhoff to delist soon. What if you continue holding shares in the company? From my experience when a company goes from listed to private it means a few things. 1. Liquidity issues Volume will be low where you might not be able to exit a position with a rightful buyer or sell 2. lack of transparency This leads to uncertainty for the business as shares holders won't have the transparent information like they would with a public company. 3. Valuation With a company listed privately, this can lead to investors pricing in the business rather than shareholders. This can result in slower performance in the price of the share. 4. Market perception The fact that a company has been delisted can be seen as a negative development by some investors, who may view it as a sign of financial distress or poor management. This can affect the market's perception of the company and its shares, which can in turn affect the value of your investment. Do you have a fundamental analysis question? Let me know in the comments and I'll answer in simple terms. Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
Steinhoff hit my price target and I am very worried for it now!We saw a major drop of 44% with Steinhoff to just 90cents and Its market capitalisation lost as much as R3bn in the fall from R6.9b yesterday Steinhoff is in troubled waters with a debt of R185 billion. There is a deal where if Shareholders will agree, they will end up owning 20% of the company. The Creditors will own the rest. The problem is the company will no longer be listed on the stock exchange. From my experience when a company goes from listed to private it means a few things. 1. Liquidity issues Volume will be low where you might not be able to exit a position with a rightful buyer or sell 2. lack of transparency This leads to uncertainty for the business as shares holders won't have the transparent information like they would with a public company. 3. Valuation With a company listed privately, this can lead to investors pricing in the business rather than shareholders. This can result in slower performance in the price of the share. 4. Market perception The fact that a company has been delisted can be seen as a negative development by some investors, who may view it as a sign of financial distress or poor management. This can affect the market's perception of the company and its shares, which can in turn affect the value of your investment. I would not touch Steinhoff with even my pocket money for sweets at this stage. Trade well, live free. Timon MATI Trader
SShort
by Timonrosso
3
Future of Customer Services with Trading the marketsThe Future of Customer Services with Trading The new era of trading all depends on two things… The experience for trading and the superior customer service, that comes along with it… Consumers depend on it and companies reap the rewards by adapting to excellent customer service to prevent them from failing. In this article, we’ll focus on 7 trends that will shape customer service in the future. This applies for not only trading but with most businesses. Let’s get to them… Trend #1: Social Media Live Chat Human assistants will help answer their customer questions, with a live online chat software or by downloading an application. Think of Skype, Zoom, Facebook or via their personal website. As more people adapt to online communication, the more companies will utilise these opportunities. After all, it’s all about meeting the customers where they are most likely to be. WITH TRADING – There are already live online communication options where human operators can help with trading platform, charting, business features and offers. Trend #2: Virtual Chatbot A virtual chatbot is a pre-programmed response with an artificial intelligence software. You most likely know them as virtual assistants. This way is a cheaper, faster and more consistent approach to help answer customers questions without the need of a human operator. With virtual chatbots there’ll be no restricted or waiting times. Also with machine learning, means the bots will get better, they’ll be more researched and will provide better answers over time. WITH TRADING – You’ll be able to ask for financial markets information, prices, charts, how to guides and trading platform queries. Trend #3: RIP Phone Calls & Faxes Companies will strive to cut costs and cut out old fashion ways. This includes mobile-data related phone calls taking a back seat as well fax machines. WITH TRADING – You’ll notice that with most global Forex and trading companies, they have taken out the options of phoning and faxing them. This shouldn’t worry you as they are adapting to the new ways of trading. Trend #4: 24-Hour Support With Apps Instead of calling or messaging companies via mobile communication, companies are adapting to more text and voice messaging apps. I’m talking about WhatsApp and Facetime. It’s cheaper, faster and more accessible from anywhere in the world. This will bring about 24 hour support, for their customers. WITH TRADING – I’m sure you’ll be able to send a quick message to your broker via WhatsApp or another app to place or close a trade or facilitate other transactions. Trend #5: Video Email Email has been the most widely used tool for customer service. In the future, we’ll be taken to the next level where email will allow for video emails. This way we’ll have a higher level of engagement and with a more personal and natural touch. WITH TRADING – You’ll be able to ask your trading related query with an illustration rather than explaining via text. And when you receive your answer, it will be shown with an easy to understand and visualise demo explanation. Trend #6: Remote Working & Flexible Times COVID-19 was the catalyst that helped push the remote working environment for employees. As customer service and contact agents are confined more to their homes, they will be working with more flexible times. WITH TRADING – Instead of an employee having to work in an office setting, they will be more flexible with their times. Eventually, we’ll see questions answered by them at all hours of the day. Trend #7: Multi-language Support Customers are connecting with more companies, located all over the world. It is critical to offer customer service support in multiple languages. The more languages are offered, the bigger the reach for potential customers. WITH TRADING – Forex and crypto-currency is a global phenomenon, taking over the world. It is inevitable for these kinds of companies to offer their services in different languages. Final words With us being able to expose, report and send our reviews about our experiences, means one thing… Businesses will continue to strive to serve and improve their customer support and services. And that’s why, it is and should always be a priority for companies to improve. Is customer services improving with trading? Let me know in the comments... Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
What a Leopard can teach you about Successful trading I’m from South Africa. I’ve observed the movements and ways of life of wildlife at different game reserves, resorts and zoos. Penwarm, Kruger National Park, Londolozi and Sabi Sand Game Reserve to name a few. And I’ve seen how leopards work when they catch their prey. This methodology is very similar to how we as trader should act in the financial markets. They lurk behind the bushes in a crouch position. They can wait all day for just the right moment to pounce on its prey and bring the hunt back to its family. Even though they know they can outrun their prey, they still wait for the perfect moment to pounce. Either they’ll wait for the animal in a vulnerable position, injured or the perfect time where they will have a higher probability of catching it.. Patience my friend. That’s the most important element to grow your portfolio. You don’t make money taking a trade. You make profits while holding, waiting and letting the market play out. Here are five reasons why Patience is key for your trading success. #1: Stops you from making impulsive decisions Once you’re in your trade, holding and leaving it alone can help you avoid making impulsive decisions that are based on emotions rather than careful analysis. #2: Helps you spot high probability trades You need to have the patience to wait for the right opportunities to arise, rather than jumping into a trade just because you're feeling anxious. #3: Hold onto winners Trading is NOT about banking small profits. Because you do that and your losses will outweigh your winners. Your Risk to Reward should ALWAYS be above 1.5 at the minimum. This way you’ll hold onto your positions for longer periods of time, which can increase the potential for profits. #4: Takes away fixation When you enter into a trade, you may feel the instinct to watch it and observe ALL day. This will spark up your cortisol levels and will distract you from your higher priorities you have in a day. Once you’ve taken the trade, leave it alone to do its thing. You have your winning trading strategy in place. #5: Wait for the prey Like a leopard, successful traders need to be patient and wait for the right opportunities to arise, rather than acting impulsively or making rash decisions. This is why having a clear and proven plan can also teach us the importance of running it which is essential for success in the financial markets… If you enjoyed this article follow for more Daily tips. I enjoy sharing information I've gained since 2003. Trade well, live free. Timon MATI Trader
JSE:J200Education
by Timonrosso
1