AfroTez

AfroTez

Sasol seems to be readying itself to cross that R180, 185 resistance line and it will all depend on the next earnings report due 1st of March. Sasol is forecasting earnings per share to soar, and oil prices seem due to break out again as they have been very tame lately. The uptrend (short term) continues until then and i have adjusted the uptrend support line to...

AfroTez

Purple Group still stuck in its cage and attractively looking more like a share one can trade in its fluctuations and make short term profits. Buying in at 82c and selling at 90c would yield 9.75% returns (before expenses) and selling at 88c would yield around 7.32%( before expenses). But besides that, we are still on a long hold.

AfroTez

Jubilee Metals has seen steady increases since reporting their earnings back in November. Uptrend support line has been respected until post mid Jan. This was a heavy dip but had a decent rebound yesterday. Seeing the trajectory and formation of this dip, could be signs of a short term trend change. It would take a few more 8% + consistent daily movements to put...

AfroTez

Aspen uptrend still looking positive and approaching R 150 resistance once more. This was the previous trend change which put aspen in a downtrend. The hope is to this time cross this resistance and then the 155 resistance. There is a possibility however theat we may go into a downtrend again maintaining the overall horizontal trend hopefully until earnings report.

AfroTez

Cartrack is one of the hot JSE stocks(for now) set to move to the NYSE. Rapid growth in the short term and i would exercise caution if buying in for the first time as u wouldnt want to “buy high”. Alot of growth still expected for the share but hard to technically analyze as we are heading into new territory.

AfroTez

Trans Cap has produced really good steady growth since mid March last year bringing in 163% share price growth since then. Although temporarily in a horizontal trend, it is still well above the uptrend support line. Its safe to expect the rate of growth to continue if we remain above the uptrend support beyond March.

AfroTez

DRD Gold support at R15 seems to be a major one as the share price refuses to go below this price point which has already been tested twice and quite reluctant to test it for a third. The downtrend resistance previously sketched has been broken comfortably and we can now assume we are in a horizontal trend. Considering the recent share price movement, the current...

AfroTez

Sasol has spent a decent while staying above the 165 support line but again failed to break the infamous 178 resistance. Towards the end of the week it has broken through both uptrend support and the 165 support which could indicate a change in trend. Price movement will have to be closely watched in the coming week as this could also just be a minor fluctuation.

AfroTez

Montauk share price has risen 300% since mid September 2020. Peaking at a high of R160 and breaking its previous high(some years back) of around R105. Energy stocks having been doing quite well in the US, but as i havnt really heavily researched on this company, im not sure what has caused the recent rally. Previous jump has caused a gap and if we consider the...

AfroTez

R1500 has been set as the price to beat. Capitec has been tame recently but gladly no aggressive dips. The share has continued to respect the uptrend support and getting very close to breaking through this support and sustaining into horizontal trend. Our hope however is that it doesn’t break and hopefully breaks resistance instead. However this is a good time to...

AfroTez

Caged Bird. In the short term Purple Group seems locked between the 80c support and 90c resistance. This is a trend we know all to well with the low volume stock. Excitement has died down since the results were released and I think we can be content that the share hasnt dropped below 80c which is were it was struggling to beat before results. Like stated before,...

AfroTez

Tsogo Sun is generally in a horizontal trend with the 138 - 140 range sitting as a very strong support. 180 is the targeted resistance, reaching that price from the current 150 would yield 20% in returns. A drop however to the 140-138 would be a 6-7% drop in value. Trade volumes should be considered however as it could take a while to peak at 180 again. Unlike...

AfroTez

This is the first time Sasol has been high since the June rally. Overall this past week as been extremely positive and not surprising(or maybe it is) Sasol was one of the biggest winners. Oil has made a good rise and finally sitting above $50 and no doubt this possibly has had a positive effect on the Sasol share price. That and perhaps more asset sales to reduce...

AfroTez

DRD seems to have survived the sub R15 price range, showing a decent spike increase in share price. Unfortunately it wasn’t enough to take them above the downtrend and overall still on a negative trajectory. As it is resting on the downtrend line we will wait to see if it manages to break through (comfortably) signaling a change in trend or like many time before,...

AfroTez

Telkom continues with a gradual increase towards the R35 resistance, showing a good recovery after the dip to R29. Still within the uptrend support line. It will be fair to expect major struggles around the R35 resistance as we have seen this before and perhaps we can consider drawing a triangle approach towards this price point. R37 is still the ultimate price to...

AfroTez

Purple Group hit the strong 80 c support line which at this point we should all be very familiar with and produced a rebound strong enough to still keep us within the uptrend support line. Ideally we do not want to go below the 80c support as this will effectively put us back to pre results position. I still have a strong long support on Purple Group for long term...

AfroTez

Sasol currently at the tip of a formed triangle. Respecting the uptrend line and struggling to go beyond the R 140.00 resistance. As it’s currently resting on the uptrend support line at R 138, by end of Monday we should have a clear direction weather it will hold or break. There is a decent chance the trend my stay horizontal throughout the week depending on...

AfroTez

PPC lifting off by 200%+ from a low of 50c per share. Currently heading towards a resistance at R 1.80. What happens at this resistance line will determine if the share price continues to rise or turn into a dip. It came close but there was a bit of a reluctance to hit this price point and thus it rests on R1.57. Safe to say this can be seen as a peak and safer to...