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Standard Bank just made a huge signal to SELL to R150Standard Bank has formed an M Formation. The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA> So it looks like the next target is R150.00. FUNDAMENTALS Fundamentals also came out today and yesterday which could influence the price and the large candle today. Standard Bank Group Says FY Headline Earnings Per Ordinary Share At 2590.4 Cents Standard Bank posted a 27% in annual profit. And there was an appointment of a non-executive director
JSE:SBKShort
by Timonrosso
Murray and Roberts big curve pointing up to R4.75?I always feel hesitant making big predictions for Penny Stocks. Especially after they've been through hell and more hell. Well, all I can say is there seems to be some stability around the lows of 49 cents, where the demand and buying keeps pushing the price back up. So if we get a break above the brim of the cup, we could see this market rally to R4.75. There does need to be stronger volume coming in to ignite this stock. ABOUT THE COMPANY Established in 1902: Murray & Roberts has over a century-long history, initially starting as a house builder in the Cape Colony. Global Presence: Today, the company is recognized as a multinational project life cycle group with operations in Sub-Saharan Africa, Europe, Southeast Asia, and the Americas. They focus on resources, industrial, energy, water, and specialized infrastructure market sectors. Transformation and Growth: From 2000 to 2010, the company saw significant growth with its project order book increasing exponentially to R42 billion and revenues quadrupling to R32 billion, partly fueled by the 2010 FIFA World Cup infrastructure investments in South Africa. Operating Platforms: Murray & Roberts operates several platforms, including Power, Industrial & Water, and Mining, providing a wide range of services from feasibility studies to construction and maintenance. Major Projects: The company has been involved in high-profile projects, such as the Gautrain rapid rail link in South Africa and the Jumeira Palm Islands in Dubai. Acquisitions and Divestments: Over the years, Murray & Roberts has made strategic acquisitions like Cementation Africa in 2004 and Clough in 2013, and divested from segments like construction to focus on core areas. Recent Financials: As of 2023, they did not declare dividends for several years, reflecting a cautious financial strategy in response to market conditions.
JSE:MURLong
by Timonrosso
UPDATE: Target Reached Aspen R206.03 - Next target higherSymmetrical Triangle was a a text book trade. The previous trend was up. Price broke above the apex 3/4s in and the momentum continued up. We had further indicators of confirmation for upside to come. Price>20 Price>200 Target 1 R206.03 So what now? Well we can expect somewhat a consolidation, and a potential Cup and Handle to form. Then we have the next target above R221. It might be messy to buy now, but in good time it should present a great opportunity. I'll let you know.
JSE:APNLong
by Timonrosso
TARGET 1 reached - Next target is even higher to R28.68Bell Equipment reached our first target R20.54 in November 2023. It then had a mark-up phase before consolidating into a W Formation. Once the price broke above, we knew demand and buying was still on the cards. technically we have price above both 20MA and 200MA. So the next target for Bell Equipment is set to R28.68. ABOUT THE COMPANY Bell Equipment is a pivotal player in South Africa's heavy equipment industry, renowned for its strong and reliable machinery, particularly in the construction, mining, quarrying, agriculture, forestry, and waste handling sectors. Foundation and Specialization: Established over sixty years ago, Bell Equipment has become South Africa's only major designer, manufacturer, and distributor of heavy equipment, recognized globally as a specialist in articulated dump trucks (ADTs)​​. Core Product: The ADT is Bell Equipment's core product, showcasing the company's innovation and leading performance globally. Bell ADTs are exported worldwide from their manufacturing plants in South Africa and Germany​​. Product Range and Strategic Dealerships: In addition to its own products, Bell holds strategic dealerships with several leading global manufacturers, offering over 120 products suited to various applications, including wheel loaders, excavators, motor graders, and more​​. International Presence: Bell Equipment has a strong international presence, with operations not just in Southern Africa but also in key global markets like North and South America, the Middle East, and parts of Europe and Asia​​. Innovation in Tracked Carriers: The company has introduced Bell Tracked Carriers, leveraging its expertise in ADTs, designed for challenging terrains and conditions, such as remote pipeline projects in the US, with applications expanding globally​​.
JSE:BELLong
by Timonrosso
UPDATE Vukile still building its way to R17,59This is from the last update. We saw an Inv Head and Shoulders from AUg 2023 to December 2023. The price then broke above the Brim and the entire market went through an uptrend trajectory. Higher lows each time, one fakeout, then a continued bullish momentum nuation. Price remains above the 200MA and 20MA which signals upwards to come. The target remains at R17.59 ABOUT THE COMPANY Vukile Property Fund Limited is a notable retail-focused Real Estate Investment Trust (REIT) operating in South Africa and Spain. Establishment and Listings: Vukile was established in 2002 and listed on the Johannesburg Stock Exchange (JSE) on June 24, 2004. It expanded its listings to the Namibian Stock Exchange on July 11, 2007​​. CEO: Laurence Gary Rapp has been leading Vukile as its Chief Executive Officer, guiding the company's growth and expansion strategies​​. Diverse Portfolio: The company owns a variety of retail properties across South Africa and Spain, providing a well-diversified exposure across different macroeconomic drivers and a substantial Rand hedge portfolio. Its South African property portfolio includes around 40 properties with a gross lettable area (GLA) of approximately 859,772 square meters​​. Recent Achievements: Vukile has demonstrated resilience and growth, delivering a 10% increase in its cash dividend and updating its FY2024 guidance with positive expectations​​. Specialist Focus: As a specialist retail SA REIT, Vukile focuses on delivering spaces and experiences that exceed customer and tenant expectations, aiming to be the most trusted and respected retail property business in South Africa​​​​.
JSE:VKELong
by Timonrosso
Libstar soon to rocket to R5.00?These Penny type stocks are very difficult to analyse technically. There is little volume, high volatility and almost no liquidity. You can see this by jumping candlesticks between ranges (bids and offers). So we can deduct a few things but with less certainty than with Blue Chips. 1. Downtrend broken 2. Price ready to break above 200MA - Bullish trend 3. Price to break above the Rectangle formation - Bullish. If we get a strong push above the range, the next target could be well to R5.00. If it breaks down, then things will change to bearish. ABOUT THE COMPANY Libstar Holdings Limited, a prominent player in South Africa's food and consumer goods industry: Established in 2005: Libstar was founded to acquire and grow businesses in the consumer packaged goods sector, aiming to create products that enhance family unity​​. Headquartered in Plattekloof, South Africa: The company operates from its headquarters in Cape Town but has a presence across several provinces in South Africa​​. Wide Range of Products: Libstar boasts an extensive portfolio of over 9,000 products, including dairy and meat products, fresh produce, groceries, and more​​. Segments of Operation: The company operates through various segments, including Perishables, Groceries, Snacks and Confectionery, Baking and Baking Aids, and Household and Personal Care​​. B2B and B2C Focus: Libstar serves both business-to-business (B2B) and business-to-consumer (B2C) markets, offering outsourced manufacturing solutions and food service solutions alongside its consumer products​​.
JSE:LBRLong
by Timonrosso
UPDATE: PPC Cup and Handle to a Diamond snoozing formationSince the price broke above the brim level for PPC, it's since formed a DIamond FOrmation. There are TWO scenarios we can see: A bullish Diamond broadening formation. It resembles a diamond with high volatility and jumpiness between the price range. We wait for the diamond to form and then wait for the breakout to the upside. A bearish Diamond broadening pattern, where the price breaks below the support of the diamond formation. TIPS FOR BOTH It is common to see Diamond formations to form in up or down trends and then break either way. So we do need to wait for the breakout. I am cautiously optimistic as the previous trend was up, the price is above the 200MA. And so the target remains at R4.40.
JSE:PPCLong
by Timonrosso
UPDATE: Transaction Capital on its way to the 2nd target R11.53Two formations occured with TCP. The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88. The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time. SInce then the trajectory has been smooth sailing up. Target remains at R11.53.
JSE:TCPLong
by Timonrosso
JSE TOP 40 potential big Diamond breakdown to 58,288Bearish Diamond formation is potentially forming on JSE Top 40. We've seen bearish tendencies for the market with momentum downside. Price<20 and Price<200 - HPT We DO need this price to break below the Diamond before the likelhood is higher for big downside. But knowing indices, they always tend to suprise and the market makes a big rally. ANyway, the momentum is down for now and if the diamon breaks below the next target could be at 58,288. Let's see
JSE:J200Short
by Timonrosso
UPDATE: Will be get our long awaited breakout yet?Sun International has been a roller coaster of a ride. Been swinging between R38.00 and R42,50. Well, lately we've seen higher lows, and the price keeps touching the top. It's like hitting thin ice. Eventually it'll break up and out. So, let's see what it does. UPDATE: Over the past year, the most notable insider purchase was made by CEO & Executive Director Anthony Leeming, who bought shares valued at R2.2 million, priced around R36.42 each. While insider purchases are generally a positive sign, it's important to note that this significant buy was made at a price considerably lower than the current price of R41.70. This lower purchase price suggests that it may not provide much insight into whether insiders currently see the stock as a good value. During the last year, insiders at Sun International have been buying shares but haven't sold any. The insider transactions for the past year, including purchases by both companies and individuals, are illustrated in the provided chart. For detailed information on the transactions, including specifics on who sold shares, the sale amounts, and the timing, you're encouraged to check the chart directly.
JSE:SUILong
by Timonrosso
Aveng W Formation nearly time for a Breakout at R11.25We see a W Formation, with the price moving and completing the right Double Bottom. Once we get a breakout to the upside, we could see major upside to R11.25. Right now and it's a wait and see but the fundamentals look good. UPDATE: On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023. This good news reflects the strong performance of Aveng and its significant progress through its divisions, McConnell Dowell and Moolmans. Following this announcement, Aveng's stock price jumped by nearly 15%, showing that investors are really optimistic about the company's future.
JSE:AEGLong
by Timonrosso
UPDATE: Merafe entered into a sideways Twilight Zone What's nextWe see Merafe has definitely entered into a Rectangle formation. Price is remaining above the 200MA where it could range between the high and low. We definitely need a breakout to the upside, before we see upside. The target potential will be at R1.61 if the price breaks above the Rectangle. Now I wouldn't be that positive and optimistic with this analysis, due to the bad numbers released with ferrochrome. UPDATE: In a strategic move that echoed the prevailing market conditions, Merafe Resources, the South African ferrochrome producer, reported a considerable drop in production for the year. The company's attributable ferrochrome production fell by a substantial 22% from 384 kilotons in the preceding year to 300 kilotons. This planned reduction in output was primarily driven by the high electricity demand during the winter season, characterised by escalated power prices. As a result, the Lion smelter was the only operational facility during this period.
JSE:MRF
by Timonrosso
UPDATE: Transaction Capital heading up to target 2 - R11.53Transaction Capital has been the come back duck since October. It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern. Since it broke above the neckline, the momentum has been on fire. This is just an update that the price is on its way to the next target at R11.53. UPDATE: Transaction Capital aims to generate between R900 million and R1.25 billion through the sale and issuance of shares in WeBuyCars. Preceding the proposed separation and independent listing of the successful second-hand car dealership. The strategy includes offering new shares to the asset manager Coronation, along with the issuance of additional shares for acquisition by new investors, which will result in a reduction of Transaction Capital's stake in WeBuyCars from 74.9% to a range of 57% to 67%.
JSE:TCPLong
by Timonrosso
Harmony prepping for potential upside - Wait for breakoutHarmony is one of the laggards with Gold. While it is moving in a sideways consolidation range, we are waiting for a confirmed breakout. Once it breaks above, we will definitely get long and hold with a strong Risk to Reward. But right now patience is important, cause it could also fall South quickly. In fact, if you draw a Rectangle formation instead of an Inv H &S, it means that whether it breaks down or up, it could provide a very decent trade signal. My bias is up purely based on being a golden bull this year.
JSE:HARLong
by Timonrosso
Vuvuzela wins again but this time it's a Pan to R4.75!We sent out this update in July 2023, where a Vuvuzela (Broadening Formation) formed. INstead of waiting for a breakout, we were playing with the pattern's range instead. Since it bounced off the Support level it's been on the way to R4.75. And you can see the price almost touched it, before retracing back to the uptrend line. So have we been getting it right? SO far yes. Have we been coining it? HARD NO. Sometimes it doesn't pay to hold because of the daily interest charges that lovely CFDs bestow upon us. And this is a clear example on why it's tough to invest in the CFD market. The target remains to R4.75. And we'll take our pennies and run when it hits. Also, in the interim it seems to be forming a Diamond Formation similar to Gold stocks. So maybe a bigger breakout is imminent. I explained why we can expect gold to rally due to what's happening in the US.
JSE:PANLong
by Timonrosso