MondiJSE:MNP is trading near an area of value. If there are buyers, the stock may break above this level. However, there is a potential overhead resistance near R367. Is the potential reward worth the risk?
Trendtraderjse
BidvestJSE:BVT (pending) breakout. We've already seen a decent move on JSE:BID last/earlier this week, maybe the Bidcorp magic might come to JSE:BVT .
Pinterest NYSE:PINS has a pending breakout on the weekly time frame, on what seems to be a Stage 2 breakout. NYSE:PINS is coming from a year long base.
TESLANASDAQ:TSLA is by about 74% from the $100-ish low. That's an impressive run in such a short space. While we would like to see NASDAQ:TSLA goes to the moon, we're mindful of the potential overhead resistance level. Anyway, what's a resistance level in a bull market.
Thungela weaknessLower lows, consolidation near a support level. If this level breaks, JSE:TGA might touch R211/share.
Sasol, bullish?JSE:SOL pierced through the 200MA with decent volume. Bullish? The MA is still declining.
AMS NYMEX:PL1! miners seem to be under pressure, JSE:AMS bearing the brunt thereof. A close below R1360 opens a potential move to near R1150.
CFR breakoutTicks on both ends, erratic price action. It's the closing price that matters. Decent results from JSE:CFR earlier this week.
BHG BreakoutAlmost at the end of the trading week. Somewhat breakout confirmation on JSE:BHG . Market close will give a better confirmation.
RichemontJSE:CFR reported an 8% increase in sales. In a previous post we mentioned that JSE:CFR was at a 52 week high but we wanted to see a bit of consolidation. There's some consolidation there to tuck in a stop loss when taking a long position.
AspenJSE:APN is now above a key MA on the daily timeframe. But, there's that potential overhead resistance. On the watchlist for now. Patience is key, right?
MTN JSE:MTN attempting to move up. Maybe there will be a confirmation on Monday, or it'll be too late.
BHG pending breakoutJSE:BHG chart look something like a cup-and-handle. Whatever you see, a buy-stop-order around R581 isn't a bad idea.
SLB BreakoutNYSE:SLB closed above the area of value yesterday, it opened above this level. Yesterday's volume was above average. Note that it's CPI day today, anything is possible.
ThungelaJSE:TGA Lower highs. Retesting the support level in a relatively short period. Not looking good.
EtheriumCOINBASE:ETHUSD once again is attempting to trade above the 150 EMA, two previous attempts failed. Is it different this time? COINBASE:LTCUSD is having a nice time above this level.
Richemont, area of valueJSE:CFR has reached a previous resistance level. The run up has been impressive; ideally I would like to see a brief consolidation before a breakout but we gotta respond to price action not to our wishes. Price action pays.
Hello GroupNASDAQ:MOMO is at an area of value. Took a position when it broke out of that orange-ish thing. So far the position is moving in the right direction. We would like to see NASDAQ:MOMO break above this level and continue with the upward movement.
AstraZenecaNASDAQ:AZN trading at an area of value. Looking forward to a breakout on the upside. NYSE:MRK has done well so far, need more healthcare stocks to catchup.
Satrix INDIJSE:STXIND is at an area of value, near a potential resistance level. I'm no fan of a bearish market, I'd like to see the ETF break above this level.
Sasol 52 week lowJSE:SOL has printed a new 52 week low. R248-ish is still possible if the stock continue to weaken. No position.
