MTN position triggeredIt took a while, but the long position on JSE:MTN was finally triggered with yesterday's price action. Today's move is looking good for a continuation to the upside. Target at the 146 level
ZAR
VOD - Long position triggeredJSE:VOD has triggered a long position. This is based off of the stochastic, MACD and EMA's crossing upwards. We are looking at a target at the highs from the end of July 2022.
EURZAR SHOWING WEAKNESSforming Ascending Channel In daily Tf And Got Rejected From Channel Resistance
Rsi Printed Bearish Dirvergence
Wait For Macd Crossover To Enter
Expecting Lower Channel Line To Be tested Incase Of Breakout Will Crash Further
GBPZAR - Fume Indecision - Nice but Unexpected! South Africa BB!Fibs gartley dailies monthlies.. At the end of the day - have you seen South Africa? Beautiful Country!
AGL going shortbased off of the turning downwards of the stochastic and MACD as well as the downward crossing of the EMA's, it looks like we could see a downward move for JSE:AGL
ARI - ShortJSE:ARI is showing all of the signs for a good short position. If it breaks below yesterday's lows, the short will be triggered.
Exxaro short possibiltyJSE:EXX is looking good for a short if it breaks out of the upward channel it has been trading in. The stochastic, MACD and EMA's are all confirming the short, but I will wait for it to confirm through the bottom of the channel.
USDZAR SHORTPrice is at the support zone , and want to see price act on it and go bullish to the previous support that turn resistance @17.3800, or get higher to the 17.5200 zone then price might reject at that zone and sell to 17.05800 zone, but the zone I expect price to likely reject is the 17.3800 zone.
USDZAR LONGPrice broke the support zone on 23RD of November and used same zone as a resistant zone which ended up forming a double bottom, and price went on to break the zone and formed the December highs which came back and gave a false breakout. My expectation for this pair is to test the support zone which will boost it's momentum to the highs of December, price analysis will be updated during the week.
Short triggered on AMSA short has been triggered on JSE:AMS . We are looking at a target at the strong support level of around the R1250 level.
USDZAR TRADE IDEA (12/12/22) : MON/WEEKUSDZAR has been selling for most of last week, closing out with a buy action. Once it hits market structure it’ll look to buy to supply.
This is just an idea.
MNP - ShortJSE:MNP is showing all of the signs for a good short move. The stochastic and MACD both turned downwards and the 3 and 15 EMAs have crossed eachother in a downward direction. We are looking to reach a target at the 251 level which coincides nicely with previous significant lows from March this year.
SANLAM - Triggered and looking goodA short was triggered on JSE:SLM this morning and it has already moved quite nicely in our favour. Let's hope this momentum continues all the way to our take profit level.
REM coming up for a shortJSE:REM is showing downward momentum and is looking good for a short position. If triggered, looking to ride it out all the way to the target at R122.
Short triggered on OMUA short has been triggered on JSE:OMU with today's price action so far. The signal was created based off of the stochastic turning down through the 80, the MACD going into the negative, and the EMA's crossing downward. Our target is all the way down at R7.76
BID - ShortA bearish harami formed on JSE:BID two days ago. It came very close to triggering our order yesterday, but just missed it. Once triggered, we aim for a target at the 27800 support area.
AB Inbev - potential short moveJSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
Short on SSWJSE:SSW is looking good for a short position based off of our momentum indicators. The stochastic, MACD and two EMA's have all crossed downwards. If triggered, we are looking for a target at around the 3580 level which is a strong support level making the target area a bigger possibility.
MEDICLINIC - could we be going for the highs of May 2018The stochastic turned up through the 20 line back on the 9th of Nov and it took a while, but the MACD and EMA's are now showing the sign for upward movement too. If triggered, we could potentially see a move all the way up to the highs last seen in May 2018.
MTN - ShortJSE:MTN is looking good for a short. If triggered, we are aiming for a move down towards the R107 area.
ANG - Evening StarAn evening star reversal pattern has formed on JSE:ANG which could be signaling a downward move. This signal is strengthened by the fact that it comes right after a doji which is a sign of uncertainty in the market.
BTI - LongA bullish Harami pattern has formed on a string support level on JSE:BTI . Looking for a move up to the R780 level.
