Southafrica
Bidvest longJSE:BVT is showing signs of an upward move after a successful short position. Link below. Based off of the momentum indicators, we could be seeing a move to the upside. I would keep an eye on the trendline that it broke through recently as it might cause some resistance if it reaches that level.
Double Bottom with upward momentumJSE:ANG has formed a double bottom chart pattern and is showing some upward momentum based on the upward turn on the stochastic at the end of March and, more recently, the crossing of the EMAs and the upward turn of the MACD. If it breaks through the highs formed in early March, it might give us a nice upward move.
EURGBP POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)[/b]Please support this idea with LIKE if you find it useful..
EURGBP POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)
Monthly Structure for EURGBP appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price finds a strong support with daily candle closing with TDi Priceline crossing.
Priceline must cross above bloodline in the Daily time-frame to confirm the presence of buyers in market.
Bullish Divergence starting from 24th Feb 2021 to current market price.
Priceline within Buy pressure zone. *HPT*
Trade with Caution. Wait for valid entries.
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AUDNZD POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)Please support this idea with LIKE if you find it useful..
AUDNZD POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)
Monthly Structure for AUDNZD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price finds a strong support with daily candle closing with TDi Priceline crossing.
Priceline must cross above bloodline in the Daily time-frame to confirm the presence of buyers in market.
Trade with Caution. Wait for valid entries.
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USDCAD POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)Please support this idea with LIKE if you find it useful..
USDCAD POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)
Monthly Structure for USDCAD appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price finds a strong support with daily candle closing with TDi Priceline crossing.
Priceline must cross above bloodline in the Daily time-frame to confirm the presence of buyers in market.
Trade with Caution. Wait for valid entries.
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GBPJPY POSSIBLE MONTHLY STRUCTURE OHLC (SELLS)Please support this idea with LIKE if you find it useful..
GBPJPY POSSIBLE MONTHLY STRUCTURE OHLC (SELLS)
Monthly Structure for GBPJPY appears to be OLHC (open high low close) which means we are going in for long term monthly sells once price finds a strong resistance with daily candle closing with TDi Priceline crossing.
Bearish Divergence in daily Timeframe. Price above sell pressure zone.
Priceline must cross below bloodline in the Daily time-frame to confirm the presence of sellers in market.
Trade with Caution. Wait for valid entries.
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USDZAR POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)Please support this idea with LIKE if you find it useful..
USDZAR POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)
Monthly Structure for USDZAR appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price finds a strong support with daily candle closing with TDi Priceline crossing.
Priceline must cross above bloodline in the Daily time-frame.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
Please support this idea with LIKE if you find it useful..
Clicks long if trendline brokenJSE:CLS is showing signs of upward momentum based on our trend-following strategy. However, it is struggling to form higher highs and break the down trend that it has been trading in for the past month or so. If it breaks this trendline, I will consider entering a long position.
BHP Struggling with support levelAfter a nice short position, JSE:BHP seems to be struggling to break through the support level at around 42000. If the price action continues upward, I will consider entering a long position. we could potentially see a Head and Shoulders pattern forming in the coming weeks as well.
BHP - Break of trend lineJSE:BHP has broken through an upward trendline that it has been adhering to since October 2020. If the current candle closes below this line and continues down, we could be looking at a move downwards. Along with this, the stochastic, MACD and Moving Averages are all showing signs of downward momentum.
SASOL - Short if trend is brokenJSE:SOL is showing all the signs of a direction change based off of the stochastic, MACD and EMA's. I will however, only enter short if it breaks and confirms below the trend line that it has been adhering to since the end of October last year. Once this is confirmed, I think we could see a nice downward move for a while.
Exxaro - downward momentumJSE:EXX is showing signs of a possible downward move. The stochastic and MACD both turned downwards last week and with yesterday's downward move, the two EMA's have crossed downwards, signalling a short opportunity. We might see some resistance around the 15000 level, but if it breaks through that, we might be able to set our sights on around 13300 support level.
GFI Upward MomentumJSE:GFI is showing some upward momentum and we could see an upward move if it breaks higher than this morning 's opening. The stochastic and MACD are both confirming this move with their upward turns and the 3 and 15 EMA's have recently crossed upwards at quite a strong support level.
ANG Turning upwardsAll three of the "momentum indicators" have turned up with this morning's opening which could indicate an upward move on JSE:ANG . It has also bounced off of a significant support level which goes all the way back to August 2019. If it continues with the upward momentum, we could see an upward move all the way to the 40000 resistance level.