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Southafrica

Southafrica

SHP - Downward Momentum JSE:SHP is showing some good downward momentum and we could be looking at a short position. It is currently at a bit of a support level, but if it breaks through, I think we are good to go. The stochastic, MACD and EMAs are all confirming this move.

Short

H&S on FSR JSE:FSR is showing a nice Head and Shoulders pattern. If it plays out and breaks through the neckline, we could see a move towards the target at 4200 which is a strong historic support level.

Short

Bullish Flag on SSW JSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".

Long

Bidvest long JSE: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.

Long

BVT Short if trendline is broken Although the stochastic, MACD and moving averages are all showing signals to go short on JSE:BVT , I am inclined to wait for confirmation of the break of the upward trend before entering a trade.

Short

Updated

Double Bottom with upward momentum JSE: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.

Long

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. 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..

Long

by PeanutButter

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. 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..

Long

by PeanutButter

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. 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..

Long

by PeanutButter

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. 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..

Short

by PeanutButter

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..

Long

by PeanutButter

Clicks long if trendline broken JSE: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.

Long

BHP Struggling with support level After 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.

BLong

BHP - Break of trend line JSE: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.

BShort

Updated

SASOL - Short if trend is broken JSE: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.

Short

Exxaro - downward momentum JSE: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.

Short

SOUTH AFRICA index buy on the bottom of the channel strategy buy and hold this index goes into my emerging market portfolio including: Russia Poland India Indonesia Mexico Russia South Africa Brasil

Long

AGL - Short if it breaks through support level JSE:AGL is currently at a support level from January 2021. If it breaks through this support level, we could possibly see a move down towards the 49000 support level.

Short

SBK - Showing some downward momentum JSE:SBK has started showing some strong downward momentum with today's price action. I will keep an eye on this one for confirmation of a short as the stochastic, MACD and EMA's are all showing downward pressure.

Short

SSW Short JSE:SSW is looking good for a short position soon. If this downward momentum continues, we could be looking at a nice bearish move next week. I will wait for a confirmation below the 6700 area before entering.

Short

Quilter @ strong resistance JSE:QLT seems to be currently bouncing off of a very strong resistance where it has not broken through numerous times. If it fails to break through again this time, I will consider a short position on it's way down.

Short

GFI Upward Momentum JSE: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.

Long

ANG Turning upwards All 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.

Long

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