$JSE-CLSJSE:CLS Making flat top triangle and testing top of it. Wait for break to happen. by ALSITRADERPublished 7
CLS at possible turning pointJSE:CLS is trading at a significant resistance level at the moment. It will most likely not break through this level. The stochastic indicator is looking like a turn downwards is imminent as well. If this level is broken and a higher high is confirmed, we could continue with the strong momentum in an upward direction. We will just have to wait and see which direction is chosenby RossLarterPublished 6
You Could Pay Less At ClicksShort/Sell at current levels 21725c or higher Stop-loss: 22200c Take Profit Target: 21000c Key Technical Drivers: In upward trend for 16 sessions; Trading near resistance; Rand/Oil Price higher which is negative for retailers. Shortby LD_PerspectivesPublished 8
CLS ShortCLS still in falling wedge pattern and second shoulder of H&S wait for breakShortby surecanweightUpdated 2
CLS - Downward We may derive the following from the Weekly CLS chart: 1. Price has dropped as previously determined. (See linked idea). 2. Currently anticipating a further break of the support trend (pink line). 3. Monitor price action and watch for further shorting potential. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.Shortby zeerotraderPublished 114
CLS ShortCLS finding resistance the bounce today will confirm H&S movementShortby surecanweightPublished 2
CLS - Bulls Under PressureWe may derive the following from the Weekly CLS chart: 1. Price formed a double top, but didn't test the ATH. 2. The Weekly bear candles are usually engulfing. 3. Price i.m.o should continue to drop further, with a potential to first test the ATH one more time. 4. As always - maintain your risk. Note: The views provided herein do not constitute financial advice.Shortby zeerotraderPublished 4
CLS - Bearish EngulfingJSE:CLS formed a bearish engulfing pattern which seems to be playing out. We will wait for a close below the low of the engulfing candle before entering a short position.Shortby RossLarterPublished 2
JSE:CLS - Bearish Pivot Bearish Swing Pivot CCI crossed the +100 mark downwards Shortby corvidaecapitalUpdated 334
Clicks - Possible ReversalJSE:CLS has formed a bearish harami which is a reversal signal. The last harami didnt play out, so I will wait for a confirmation before possibly entering on Monday.Shortby RossLarterPublished 4
Clicks - Bearish HaramiJSE:CLS has formed a bearish harami and is looking good for a downward move.Shortby RossLarterUpdated 3
Short ClicksWaiting for the week to end here we looking like distribution Failure to close above the resistance with declining volume looks like a good short Better to wait for retest if it breaks down from here A close above R1 invalidates the tradeShortby ZabbsPublished 3
$JSE-CLSJSE:CLS Another big move after results. Breaking above long consolidation, FT 20000 ST 20500by ALSITRADERPublished 5
CLS-The Clicks Group-Price at incline resistancePrice approaching incline resistance on the Daily Chart chart. I'm bearish at current levels (R191/R192) for a TP target around R180.Shortby InnocentmapondePublished 1
Clicks holding off the bottom of this broadening wedge patternClicks has had a horrible last two days. However, looks like we are starting to base off the bottom of this broadening wedge pattern. Also interesting to note is that volume has started to pick up off this base which would indicate interest by the so called "smart money" and capitulation by the weak hands. Looking for Clicks to close the two higher gaps @ R184.61 and R192.00 respectively.Longby MarcoOlevanoUpdated 4
Technical Trade Idea: Clicks GroupBack in August I became cautious on the valuation of beauty and pharma retailer Clicks, suggesting that it was possible to "pay less". Since then we have seen the price tick lower, with a recent bounce back near the year-to-date highs. Looking at the bigger picture we may potentially be developing a head and shoulder formation, while the price also approaches an overhead resistance level. At a price-to-earnings ratio of 31 times, CLS remains richly priced in an economic environment that has largely remained stagnant over the medium to long term. On that basis, traders could look to short/sell as the share once again tests elevated levels. These are the trade levels: Short/Sell CLS R196.72 (Current) or higher Stop-loss: R204.00 Take Profit Target: R180.00 Shortby LD_PerspectivesPublished 4
CLS - Swing ShortShort for the CLSJ group Levels: SL 20140 TP1 19730 TP2 18670 Additional considerations: TPs flexible based on (a) touch of 50 EMA, uptrend been consistent with that. (b) 24. October earnings. EPS FC ~302 (up 13% from April). (c) keep eyes on peers DCPJ and AIPJ.Shortby SajuliUpdated 223
CLS Short- going to short - will close this out before `EOD and/or if price trades above the fib levelShortby cgdPublished 11