Jse
Short on BHPJSE:BHP is looking good for a downward move based on the momentum indicators (Stochastic, MACD and EMA's). If this short plays out and it reaches the support level around 41000 this would mean a Head and Shoulders pattern would form.
Once this Head and Shoulders forms and the neckline is broken, we could potentially see a move downwards all the way to the taregt around 33000. This is all dependent on whether the H&S forms and the neckline is broken, though.
EXX Short OpportunityJSE:EXX is showing some downward momentum and if continues, we could be seeing a nice downward move. Look out for the support level at around 16500, but if it breaks through that I think it could go down all the way to the 15000 area.
Northam - Short The stochastic, MACD and the 2 EMA's have all turned downward on JSE:NHM - all signaling a short position. It has, however, been in an uptrend since end of Jan, so we might only see a retracement before a continuation upward. If it does go down, I dont think it will go much further than the support area around 23000.
AGL - Upward ChannelJSE:AGL has been trading in an upward channel and has recently bounced off the top for the 3rd time. I think we could see a move downwards to the bottom of the channel from here. The 60000 level is a potential target before either bouncing up or breaking out of the channel.
AMS - EMA crossing could be signaling a shortThe EMA's on JSE:AMS have finally crossed downwards after the stochastic and MACD have been showing downward momentum for some time. It might struggle a bit at the 200000 level, but if it breaks through that, I think we could potentially see it go to around the 180000 support level.
JSE:COH Curro Making Higher HighsAfter the covid low, Curro Holdings has had a good recovery. The in the trading range formed after the selling climax (SC) and automatic rally (AR) price has been making last points of supply (LPS). After the breakout of the trading range we can expect a markup to around R16.
EXXARO RESOURCES LIMITEDThis is just a short analysis of the potential price zones we could expect with Exxaro Resources Limited JSE:EXX . I think this company has good potential and a solid track record, good luck with everyone's investments I wish you well and a prosperous future!
This is merely an idea and not investing advice, tread carefully and invest on your own risk!!
Old Mutual turning upJSE:OMU has bounced nicely off of the 200 simple moving average, failed to make a lower low and seems to be turning upwards for a long position. Momentum indicators are also start showing a move to the upside. We could possibly go to the previous highs around the 1500 level.
Downward Momentum on MondiJSE:MNP is showing some nice downward momentum thanks to yesterday's strong down move. The stochastic, MACD and EMA's are all showing great potential for a short position.
NPN long trade possibility on Daily ChartBear move is losing volatility (20 ATR at lows)
Selling momentum is decreased (20 Stoch)
At 200 MA support level
At the bottom of a bull flag pattern
Risk is that bull flag is extended a bit lower than ideal and support being properly tested
TKG Divergence on Weekly ChartDecent position trade looking like it might be up for grabs. Daily shows some decline still possible to test 2 standard deviations from the mean on the downside, still staying in the area of value for those believing the stock is cheap, but will hopefully move to test the 200 day MA and break above in the next couple of weeks. Targeting the 200 MA short term and the 6850c per share area of value after that.
Cup & Handle on CapitecJSE:CPI has formed a great cup and handle pattern on the day chart. It goes all the way back to December 2019 with the top of the cup being formed on the all-time high that was reached in December 2020. If we successfully break this high, I think we could see a really nice upward move from there.
Kumba moving down after a strong upward moveAfter a very successful long position (link attached below), JSE:KIO has bounced off of the strong resistance level at around 67000 and seems to be on the way down. This is being confirmed by our momentum indicators, the stochastic, MACD and potentially the EMA's with today's move. If it confirms, potentially, we could go down to around 58000 - 59000 area.
