Grindrod off the bayThe stock broke the weekly downtrend line, signaling a possible change in direction, spent a year ranging, and it has finally taken off. All its accounting and the current economic fundamentals pin it to the upside.
GND trade ideas
Grindrod leaving the bayThe stock broke the weekly downtrend line, signaling a possible change in direction, spent a year ranging, and it has finally taken off. All its accounting and the current economic fundamentals pin it to the upside.
GND: aiming for its 200-day?A bearish trend is applicable below 590. Breaking above this level will negate the bearish bias.
Downside price momentum supports the bearish trend.
RSI leaves enough room for further downside price potential.
MACD crossover confirmed a change in trend direction to bearish.
Trend strength indicates a strong trend gaining momentum.
Grindrod (GND) Buy Idea- Levels of good LiquidityI am looking at taking buy opportunities after price drops to my anticipated levels. This is a stock i am very much interested in but want to see a bit of retracement before entering my longs.
GRINROD GND (D)GND forming a possible Inverted Head and shoulders formation , and a possible Ascending Triangle too .
Last Friday it posted a bullish hammer and a possible tweezer Bottom.
GRINDROD -LONG Idea (Weekly)- Grindrod has recovered off its lows and displaying bullish signs of reversal on the weekly.
- A push through R5.00 should get the momentum going to target the swing high of R5.70
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Grindrod - Tight Range With Above Average Volume On this Friday afternoon, GND has caught my attention as it attempts to break to the upside of a tight range, with above average volume. At current levels, it looks like the early stages of a short term directional shift. I have no position, but if you're looking at a SMALL speculative trade, these are the levels:
Current: 470c
Stop: 445c
Target Range: 515c-525c
GND still has a chance to riseWe might see this iH&S giving this guys a chance to add on their value
GND - GRINDROD - (2.95 : 1)A break above the current R5.30 - R5.45 overhead resistance would trigger an entry for the cup and handle trade.
The full price target is approx R7.66 with a stop loss below R4.70 making for a good risk vs reward trade.
Next set of results for the year ended 31 December 2020 are due to be released on the 4th of March 2021.
Grindrod Grindrod broke the trendline on the daily chart,and looks like it ready to take the uptrend
GRINDROD - Oversold - Price is back to an area of value
- Looking for a swing trade here back to the top of the channel around R4.40
- Below R3.00 will be bearish
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
GND: setting-up for a temporary correction?Do not usually prefer shares less than R10 in value, but setup looks interesting.
Oversold.
Some early signs of an inflow of money into the share.
Potential change in trend direction to bullish.
Grindrod LTD - The Grind is RealIf we can still pick some up around 460-470 it might be worth the risk.
Let's see how this goes.
JSE:GND Grindrod Markdown ContinuingWe are in the markdown phase after redistribution as evaluated previously (see link below). Looking on the daily TF we now see that price has reached the overbought line and volume indicates a rejection of the trendline. Negative divergence on the volume RSI confirms the continuation of the downtrend.
JSE:GND Grindrod Markdown is StartingGrindrod has been in a TR since 2016 but after an upthrust and major sign of weakness there has been a backup to the TR in phase D and the markdown is now gathering momentum.
$JSEGND Waiting for resistance around 900 levelI will be waiting for resistance around the 900 level to kick in. Expecting a little bit of consolidation at that level. My approach would be to get in at a lower level for a move to 987 as a first target.
