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Southafrica

MOTUS Reverse Cup and Handle target to R105.32Reverse Cup and Handle formed on Motus. It also formed a bit of a GAP which is not conducive for trading as we can expect the gap to close. 21>7>200 - Bearish RSI<50 Target R105.32 ABOUT Motus Holdings Limited (founded in 1948 as Imperial Holdings Limited and then changed the name to Motus Holdings in 2018) is a diversified automotive group based in South Africa, with operations in South Africa, the United Kingdom, and Australia. Motus Holdings operates in four primary segments: Automotive retail and rental, automotive parts and accessories, aftermarket parts, and financial services. The company is the largest vehicle retailer in South Africa, with a network of over 250 dealerships across the country. Motus Holdings also operates the largest car rental fleet in South Africa, with over 14,000 vehicles available for hire. Motus Holdings has a market capitalization of around ZAR 14 billion (as of February 2023).
JSE:MTHShort
by Timonrosso
UPDATE Sibanye short going nicely target still to R35.77SSW Update The M formation formed nicely, broke below the neckline. The price is coming down as the supply increases and the momentum is still down. 7<21<200 RSI<30 Target remains at R35.77 ABOUT Sibanye-Stillwater (founded in 2013) is a mining company based in Johannesburg, South Africa, that specializes in precious metals extraction. As a spinoff from Gold Fields Limited, it has since grown to become one of the largest mining companies in South Africa. Sibanye-Stillwater operates four gold and platinum group metals mines in South Africa, as well as mines in Zimbabwe and the United States. Sibanye-Stillwater has a workforce of approximately 84,000 people across its operations. Also. it has interests in platinum recycling and other metals processing.
JSE:SSWShort
by Timonrosso
Barloworld has a 70% chance of moving to R107.85 - Read why Cup and Handle formed on Barloworld after the Breakaway gap. The price then moved sideways and the buyers showed stronger momentum than sellers. Now with gaps there is a 70% chance of the gap closing which is good for when you're trading it using patterns. 7>21 but <200MA Target R107.85 WARNING The Moving Averages are still very close to each other which means we can even see sideways movement for an extended period. But we have our levels and we are bullish for now. ABOUT Barloworld Limited is a South African multinational corporation founded in 1902, headquartered in Johannesburg, South Africa. The company operates in several sectors including equipment, automotive, logistics, and corporate real estate. Barloworld has operations in 32 countries, primarily in Africa and Europe, and employs over 17,000 people globally. The company is a distributor of Caterpillar equipment and also provides related services such as financing, maintenance, and repair. Barloworld's automotive division is the sole distributor of BMW and MINI vehicles in Southern Africa. The company has a market capitalization of around ZAR 28 billion (as of February 2023).
JSE:BAWLong
by Timonrosso
KAP Industrial showing strong downside with this rare pattern Reversal Diamond Formation formed on the daily. This is a broadening reversal pattern that forms in the shape of a Diamond. Because the previous trend was up, the Diamond moved sideways and then the price broke down, shows the likelihood of it dropping is bigger. 200>21>7 _ Bearish RSI <30 - Bearish Target R2.25 ABOUT KAP Industrial Holdings Limited (KAP) (Founded in 2004) is a diversified industrial conglomerate headquartered in Cape Town, South Africa. It's one of the largest industrial groups in the country which also operates in a range of industries, including logistics, automotive components, timber, chemicals, and more. Some of the company's well-known brands include Safripol, PG In 2020, KAP employed over 20,000 people across its various businesses and operations.
JSE:KAPShort
by Timonrosso
1
BRAIT showing strong downside to come to R2.50Large Bear Box Pattern formed over the last year with Brait. And unfortunately it gets worse. The Highs have become lower and lower accompanied by bearish indicators. 200 > 21> 7 - Bearish RSI <50 Bearish Target R2.50 WARNING: The breakout was definitely not a strong one. So, if there are strong prospects and investors want to protect the company, it could very well be a fakeout. Until then it's bearish until the trend turns. ABOUT BRAIT BRAIT SE (Est. 1995 in Stellenbosch, South Africa) is an investment holding company listed on the Johannesburg Stock Exchange (JSE) and the Euro MTF market of the Luxembourg Stock Exchange. BRAIT invests in a diversified range of businesses, including consumer goods, health and wellness, and technology, media, and telecommunications (TMT) sectors. BRAIT has a global presence, with investments in South Africa, Europe, and the United States. Here are some companies BRAIT has major investments in Premier Foods - a leading food manufacturer in South Africa, producing a range of products under popular brands such as Blue Ribbon, Snowflake, and Manhattan. Virgin Active - a global health and fitness club chain, with over 200 locations in the UK, South Africa, Italy, Spain, Portugal, and Australia. Iceland Foods - a UK-based frozen food retailer, known for its value and convenience, with over 950 stores across the UK.
JSE:BATShort
by Timonrosso
Growthpoint wants to come down but this 1 thing is stopping itH&S formed on Growthpoint. The price broke below the neckline. But the price still has one major barrier to attack. the 200MA... As soon as price breaks below, the trade will be more likely to work out. Right now the price is retesting the neckline giving a potential conservative entry point for shorters. 21>7 - Bearish Price> 200 - Bullish RSI<50 - Bearish Target R11.88 Low probability trade ABOUT THE COMPANY Growthpoint Properties Limited (Est. 1987m headquartered in Sandton JHB) is the largest South African primary listed Real Estate Investment Trust (REIT). Growthpoint has a diversified portfolio of properties, including office, retail, industrial, and residential properties, with a total value of over R150 billion. Some buildings that Growthpoint owns that you might know are: Sandton City Office Tower - a 32-story office tower located in Sandton, Johannesburg, South Africa. Cape Town International Convention Centre - a world-class convention centre located in Cape Town, South Africa. Alice Lane Towers - a multi-award-winning office complex located in Sandton, Johannesburg, South Africa. Canal Walk Shopping Centre - one of the largest shopping centres in Africa located in Cape Town, South Africa. Victoria & Alfred Waterfront - a mixed-use development in Cape Town, South Africa, consisting of commercial, residential, and retail spaces. Growthpoint has a presence in South Africa, Australia, and the UK, with a combined property portfolio of over 500 properties.
JSE:GRTShort
by Timonrosso
TARGET REACHED R1.25 Purple Group and now new analysisTarget reached and hit our target at R1.25 Rectangle box showed to be bearish and the price dropped hot and quickly. We now can have some sideways jumpiness which should form the next formation. We will wait for the structure before the next post. ABOUT: Purple Group is a financial services company listed on the “Financials – General Financial” sector of the JSE. It has subsidiaries that operate in trading, investing and asset management.
JSE:PPEShort
by Timonrosso
Metair skyrocketing to R30.00 with a warningFalling Wedge which looks more like a rectangle flag formed on Metair. We then saw a Major breakout today. The next target is generally to the top of the formation. However, we have mixed signals and a warning. 200>21>7 - Bearish RSI>50 - Bullish Target R30.00 WARNING We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We need to wait for this to happen before the bullishness shows more on the charts. ABOUT the group manages an international portfolio of companies that manufacture, distribute and retail products for energy storage and automotive components. Metair was formed in 1948, becoming a supplier of automotive components to a single OEM in South Africa in 1964.
JSE:MTALong
by Timonrosso
Hulamin downside update to R2.25M Formation formed on Hulamin and we saw bearish signs The market then broke below and has stayed below the neckline but is creating a somewhat Rectangle. They buyers and investors seem to be holding the level and supporting it as much as they can. Once catalyst and the stock will drop dramatically 200 >21> 7 - Bearish RSI <50 and bearish divergence Target R2.25 ABOUT: Hulamin is an aluminium semi-fabricator business located in South Africa supplying customers across Africa and the world with an extensive range of quality products. Supported by a sales office in South Africa and a network of international agents, the company sells to leading manufacturers and distributors across many industries around the world.
JSE:HLMShort
by Timonrosso
Argent Rectangle showing mixed signs with bullish bias to R17.83Rectangle formation is forming on Argent, 7>21 and Price>200 RSI<50 - Mixed Target R17.83 CONCERNS: High volatility and low liquidity signals show an unhealthy chart, which is not great for breakout trading. For investment purposes it looks like Argent wants to break above the Rectangle and head to R17.83. But with the mixed signals and erratic price action, this is anyone's guess. ABOUT: Argent is largely a steel-based beneficiation group with a very diverse portfolio of businesses that include international brands. The group’s activities are based in Gauteng, the Western Cape, Eastern Cape, Kwazulu-Natal and Mpumalanga, with one subsidiary (Cannock Gates) in the United Kingdom and one (New Joules Engineering) based in North America.
JSE:ARTLong
by Timonrosso
Alphamin Resources C&H and waiting for a brim break to R18.78 Cup and Handle is forming with Alphamin Resources. We need the price to break above the Brim level before we action this. 21> 7 Price >200 - Mixed RSI>50 - Bull divergence Target R18.78 CONCERNS: Price action shows an unhealthy chart - Volatile candles. Sideways consolidation for extended periods of time Low liquidity (Volume). Not what I use to trade but I guess for investment purposes it is a good stock to have in a portfolio.
JSE:APHLong
by Timonrosso
Naspers break in uptrend structure - BearishAfter a fantastic long trade with Naspers, it's eventually broken below the Uptrend structure. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle). 7=21 price>200 - Reversal RSI <50 - Bearish Target R2,766.00 As always it is correlating with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility.
JSE:NPNShort
by Timonrosso
Rising Flag on Curro just broke down target R8.13Rising Flag formed on Curro. Previous trend was down, we then had a slight recovery before further downside. Now that the price has broken below the support, we can expect a retracement. 200>21>7 -Bearish RSI=50 Target R8.13 ABOUT THE COMPANY Curro Holdings is a leading independent education provider in South Africa, founded in 1998 by Dr. Chris van der Merwe. The company operates more than 70 schools across the country, serving over 66,000 learners from pre-school to high school. Curro Holdings offers a range of educational options, including: Traditional classroom-based learning, Home-schooling, Online learning. The company is known for its innovative and progressive approach to education, with a focus on technology, entrepreneurship, and 21st-century skills. It has a market cap of over R30 billion. The company has expanded internationally, with schools in Namibia and Botswana, and plans to open more schools in other African countries in the future. Curro Holdings has a comprehensive teacher training and development program to ensure that its educators are equipped with the skills and knowledge they need to provide high-quality education.
JSE:COHShort
by Timonrosso
Adcock showing strong upside to R57.61 but with warningInv Head and Shoulders formed on Adcock and now the price is above the neckline showing upside to come. 7>21>200 RSI>50 Bullish CONCERNS: This is a very volatile, flimsy and illiquid stock compared to the Blue Chips. I call these unhealthy charts which seldom work well with breakout patterns. Maybe as a Weekly analysis or Monthly will show some more promising price action, but daily is dangerous by just looking at it. Target R57.61 ABOUT Adcock Ingram is a South African pharmaceutical company that was founded in 1891 by Thomas Adcock and Joseph Ingram. It has a market capitalization of over R9 billion (Hence Medium Cap company that I don't like to trade). Adcock Ingram is one of the top pharmaceutical companies in South Africa, with a strong focus on the manufacturing, marketing, and distribution of healthcare products. They are also known for their insulin and penicillin. It has a ton of products, including over-the-counter medicines, prescription medicines, and medical devices. Some brands which I'm sure you know and helped you through Covid and your sick days are: Corenza: A popular brand of cold and flu medication in South Africa, known for its effervescent tablets. Linctagon: A range of cough and cold medications that includes lozenges, syrups, and capsules. Compral: A well-known brand of pain relievers, including tablets and capsules. Probiflora: A range of probiotic supplements designed to support digestive health. Bioplus: A popular energy supplement that is available in a variety of formulations, including capsules and effervescent tablets. Panado: A brand of pain relievers that is commonly used to treat headaches, fever, and other common ailments. Sominex: A sleep aid medication that is used to treat insomnia and other sleep disorders. Adcock Ingram has a strong presence in the African market, with operations in over 10 countries on the continent.
JSE:AIPLong
by Timonrosso
MTN neutral stand with a bullish bias with to R157.65 -Confused?Box Formation formed on MTN and the Prev. trend up We need the price to break either ABOVE or BELOW the formation before I make any decisions. The funny thing about MTN is how consistent the sideways moves have been for decades. It has a personality of its own and is only something you pick up after being in the markets for a few decades. Anyway, I like to think my bias is bullish but the signals are mixed. 21>7 price>200 - Mixed RSI<50 - Bearish Bias bullish target R157.65 ABOUT MTN Group Limited (over R200 billion market cap) is a multinational telecommunications company headquartered in Johannesburg, South Africa. The company was founded in 1994 and has operations in over 20 countries in Africa, Asia, and the Middle East. MTN is the largest mobile network operator in Africa, with over 280 million subscribers The company offers a wide range of telecommunications services, including voice and data services, mobile money, and digital services. In addition to its mobile network operations, MTN has also invested in a number of other business ventures, including e-commerce, fintech, and energy services.
JSE:MTN
by Timonrosso
1
Omnia Holdings update still coming down to R54.82Head and Shoulders formed last year and the pattern is still in tact. SInce the breakdown there has been a strong range bounded formation which has made this trade very lacklustre to hold. Now that it's broken below the rectangle shows a more promising move to the original target. 200 >21>7 Target R54.82 ABOUT OMN Omnia Holdings is a South African chemicals and fertilizer company that was founded in 1953. The company operates in over 50 countries, with a focus on Africa, Europe, and South America. Omnia has three main business segments: agriculture, mining, and chemicals. The company's agriculture division provides a wide range of crop nutrients and plant protection products to farmers. Omnia's mining division supplies explosives and blasting services to the mining industry. The chemicals division produces and markets a variety of chemicals, including acids, alkalis, and organic and inorganic compounds.
JSE:OMNShort
by Timonrosso
ARI showing downside after a break below a strange patternI don't know if such a pattern exists but I call it a Reverse Cup & Handle. This is where the Handle (small rounding top) is on the left side of the cup (Big rounding top). Now that the price has broken below, we can expect supply side to bring the price down. 21>7>200 - Bearish RSI<50 Target R219.52 ABOUT ARI African Rainbow Minerals (ARM) is a South African diversified mining and minerals giant. The company was founded in 2004 by Patrice Motsepe, a South African billionaire businessman and philanthropist. ARM has interests in a wide range of minerals, including platinum, coal, The company's platinum division, ARM Platinum, is the world's second-largest platinum producer. ARM also has a 50% stake in Two Rivers Platinum, a joint venture with Impala Platinum Holdings. There are over 11,000 employees with a Market cap of over R30 billion - Blue Chip
JSE:ARIShort
by Timonrosso