Blu LabelPennant technical structure whose break could be an entry trigger to join and ride the uptrend.
BLU trade ideas
New Emerging trend for blueswe looked at other financial and economic
indicators and we were impressed with
the performance of the company looking
at the pice that give us an opportunity to
join the trend that started
in the year 2020, on the 23 march
since April why not join
the digital company and f
forget about it
Blue Label Telecoms Reaches 600cBLU is another example of a how trader, or even a medium to long term investor is able to use the monthly chart to pick up long term equity portfolio winners and also gaining a perspective to be able to sell/cut at an appropriate level.
I originally published BLU with the following short comment at 200c 18 April 2020:
"Blue Label Telecoms: During 2017 the monthly MACD bearish crossover & RSI divergence signaled a LT 'sell'. Must admit I missed that. Recently, the MACD made a bullish crossover & the RSI is making higher lows while the price is making lower lows (+ divergence). Observation Only."
BLU original chart at 18/04/2020 has been inserted.
- For equity portfolio investors, are you reviewing enough monthly (long term charts) in or for your portfolio?
- Are you identifying key levels at which prices are potentially 'stalling' and could reverse from, or where prices could emerge and build a new long term upward trend?
Long term charts provide an alternative perspective and is often where the 'sizeable profits' are made.
For more info on we use monthly charts to identify opportunities and manage risk, or if we think BLU still has some legs, get in touch today.
Previous perspective/idea include:
AMS - A sell in March above R2115
JBL - a 10-month runner from 135c to 341c
VOD - now starting to move higher
BLU upward moveJSE:BLU is showing signs of upward momentum with the recent bounce off of the support level at around 460 as well as two of our three momentum indicators having crossed upwards. If confirmed, I think we can see a move to at least the previous highs of around the 530 level.
JSE-BLU: Channel break (D)JSE-BLU: BLU has broken the rising channel, albeit on intraday basis
Close below 505 exposes 487
$JSEBLU Fake breakFrom fake move comes fast moves
A fake flag break could see this one going to test 500c levels again
In order for this to happen volume needs support the share price at these levels
Stick to stop losses
$JSEBLU Bear flag ? Possible bear flag developing here. Still early days, but I would keep an eye on this pattern. If the flag breaks to the downside, 350 would be possible once again. I you are a current shareholder I would wait and just watch this pattern rather than pre-empt and sell.
JSE:BLU Blue Label Telecoms Still Grinding Its Way HigherIt has taken some patience but Blue Label seems to be ready for the next push higher. Seeing the buying in November 2020 - see posts showing progression below - we expected a substantial increase. After reaching an area of historic resistance and pullback to R4 we are now again ready to push higher.
Blu label telecomsPennant like technical structure on the daily chart; could break either way; with a potential 1.20 move, either way it breaks!
JSE-BLU: Intraday breakout (D)JSE-BLU: Having successfully bounced off 462 (rising blue trendline), BLU has broken above 482 on intraday basis
A close above the 482 validates the trade and I am looking at 523 then 543
Blue Label Telecoms I see a strong buy when it breaks out the trendline. That's the target I believe it could reach in the long run
Long $BLUThe RR isn't great here but money is money. Triangle breakout with a target overhead of 543. Primary trend is down, be cautious when trading against the trend. Measure your risk accordingly
JSE: BLU Blue Label Telecoms Significant BarFollowing the signs of strength (SOS) observed in December 2020 - see post below - we have now seen a significant bar breaking out from the back up (BU) to the previous trading range. The markup is now set to get going.
JSE:BLU Blue Label Markup to StartBlue Label has formed an accumulation base (See the previous post below), broken out had a shallow pullback and is now ready for the markup. We are looking for a target of R5 and then possibly R8 giving some potential upside.
JSE:BLU Blue Label Telecoms Turning the CornerBlue Label Telecoms has been having a torrid time of it but we may have turned the corner and ready for a markup. BLU has been ranging from September 2019 but now there are signs of strength (SOS). After breaking above the yearly pivot point divergence in the volume RSI and increase in volume on the way up. The Relative Strength has also turned and is stronger than the market. The backup to the accumulation trading range is also showing a Wyckoff accumulation range and price is now breaking out ready for the markup. The next level should be 500 and with longer-term gains.
Weekly game plan 19 July 2020 - BLUStarting to look like we could see a medium to longer-term trend change here.
BLU: M-Top pattern signaling some downside potential?Downward price momentum supports a bearish trend direction.
Alternative: Might the 200-day act as some support?
