Combined Motors showing upside but BAD liquidity Terrible liquidity of a stock.
The bias is bullish with higher lows and a Cup and Handle in the process...
We still need to price to break above the brim level, before we confirm the upside.
RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this.
I remain optimistic and bullish with this...
Jse
Mr Price shaping up nicely for a longMR Price is potentially forming a W Formation.
THe RSI is making higher lows and has broken the downtrend - Bullish momentum.
The target could be R240...
CONCERNS:
The downtrend is still evident with a downtrend line dominating and negative Moving Averages.
If the price turns up things will look brighter.
Jubilee to run up in the near futureBullish Falling wedge
Right now Jubilee is still in a range (Falling Wedge)
The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing.
I want to say if the price breaks up we could see a target of R4.23
CONCERN
If the price breaks down, we could also see a target of R1.18
The analysis is neutral right now, but I'm leaning more to the long (bullish) side.
PAN AFRICA Neutral analysis but hoping upSymmetrical Triangle
Equal chance of a breakout.
Break up - Target R6.04
Break down - target - R1.00
NEUTRAL ANALYSIS
I do have hope for Pan Africa as it's one of the rare companies that deal with innovative technology for gold extraction. Also with inflation kicking in, this will pick up the price of gold which could help gold companies who are exporters.
I want to guess the break will be up, but we can only know when it happens.
AFRIMAT falling on the floor Afrimat has formed another unusual and rare breakout pattern - Reverse Inv Cup and Handle.
This is where the handle is on the left and the cup is on the right...
The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come.
Looks like R22.00 is on the cards for the stock.
ABSA Broken below Symmetrical Triangle BearishCHALLENGE TRADE IDEA:
TAKE PROFIT: R161.91
REASON: Bearish Symmetrical Triangle, Price has tested the resistance and has failed. With inflation coming out today, my cards are on higher inflation which will lead to higher interest rates and a fall in banks and other markets.
What are your thoughts?
Ellies BearishEllies is not looking good. It's been a strong downtrend since 6 Dec 2021 from 46c down to its current 16 cents...
There are two ways this can play. Either, they sort out their issues and buyers start piling in which will break above 18 cents to go to a target of 26 cents.
Or the sellers continue which plummets the share down to 8cents.
The truth is the charts are showing downside. Descending Triangle, Moving averages all down, Price broken below the Support line. So I'm going to have to say Bearish, sorry.
Thank you for the suggestion. Any other markets you'd like analysed?