AfroTez

AfroTez

One of the big finishers of the week, Redefine posting 20% increase. And in the week to come we can only hope that the rise continues. In the year they have shown strong potential to rebound and their previous blow was a certain investment property coming back to haunt them when they least expected it. Redefine is a confident pick to back for recovery as they have...

AfroTez

Transaction Capital must be one of the biggest winners of the year in terms of share price. After a period of calm, it has started soaring again. On my initial analysis i stated this as one of the staple stocks for growth on should have in terms of JSE stocks especially for long term. At this point we wait and continue buying at the dips.

AfroTez

Almost like nothing happened, Sasol share price continues to March upward as a new uptrend line has formed. We do see that it briefly dived back below the downtrend line only to rebound at 120 and break the down trend resistance again. And close of at R134. One thing is certain about Sasol, and that is that the dips are very profitable, I will be looking to...

AfroTez

Capitec has gradually come down and hit a minor support line created by a peak from 05 November. I do not have faith in this specific support line but it does give possibilities of a rebound. If it doesn’t hold however it wont come as a shock. Generally the stock is still doing fantastically well as it has a great distance from the up trend line. This is a good...

AfroTez

New month, New missions. After peaking at an amazing R1.20, Purple group has fallen back down below The R1 mark and closed the week of at 93c. Looking back from June until now, we see the gradual increase of share price and that large fluctuations are no stranger to this particular stock. So the dip from R1.20 to 93c(-22.5%) shouldn’t be a concern right now. We...

AfroTez

Telkom managed to peak at R35 resistance before having a deep dive to R32. Completely disregarding R32 as a support line. Currently at R30, if its current trajectory continues, we may see the R29 support line hold again as it has been called to action twice before, and if the markets allow it may hold again. At this point investors will be keen to try get...

AfroTez

The DRD dive continues, managing to break R15.00 support like is quite concerning at this point as the overall downtrend resistance still stands. R15 was a major support as some can argue this is where the rally started before for DRD. Gold hopefuls can see this as a good buy in point but by the way things look, it seems the downtrend will continue for most gold stocks.

AfroTez

Capitec is on a bit of a go slow lately making this a good opportunity to partially buy in and expand holdings. Should the price dip some more below 1280 it will be another good opportunity to buy in. Currently the share price is still a good distance away from the uptrend line which leaves us very little to worry about at this point. On the next rally we are...

AfroTez

Amazing week for Sasol as it has managed to break allmy resistance lines including the downtrend resistance lines. V - shaped recovery has proven the sub 100 prices where clearly a bargain. Despite negative publicity, shareholder troubles, lake Charles and a horrible balance sheet, Sasol has always demanded respect on the stock market time and time again and this...

AfroTez

In my 14 November analysis I made my first mention of a possibility to reach R1.00 buy end of the month and im glad that analysis came true. Very positive results announced and a good chance we might see another rise in the new week. The next overly ambitious target now is R2.00 :). A more conservative target will be R1.20 - R1.50 hopefully by March 2021and maybe...

AfroTez

High volatility of the share price and seems it has rested around the R 22 mark. Previous peak was lower then the one before and this point we hope uptrend support lasts as long as possible to maintain the gradual increase of share price. Nothing is promised though as we know this share price is quite volatile and we could see a cross of the uptrend some time in...

AfroTez

Sasol has had 3 rebounds at the R120 share price and seems to be fighting back for recover. With a lake Charles purchase confirmed, this could lead to a bit more positive trading day for Sasol this coming week. The V recover looks very strong and perhaps enough trejoctory could lead us above R 120.

AfroTez

The dive continues as we see DRD share price still below the downtrend resistance and quickly approaching the R15 support line. We could possibly see a rebound at this point but big enough chances can also lead the support line to fail and we see lower lows. Bitcoin and other crypto currency’s seem to be taking an opposite reaction to gold price rally and...

AfroTez

Telkom continues to look positive and seems it might be able to peak at R37 resistance again the coming week. But to get there we will first have to comfortably surpass the R35 resistance which is where we are currently sitting. The new rating downgrade my have a negative impact on the stock market which could possibly cause a pull back on the Telkom stock price....

AfroTez

Sooner than we expected, Purple group peaked at R 1.00 for a brief moment before coming back down to rest at 89c. Probably a good sign of things to come when or after results are released this coming Friday. 80c still a very strong support and the share price seems comfortable above this support line. Right now not much more say but lets wait for earnings report.

AfroTez

This is almost reminiscent of the bitcoin crash a few years ago. Gold prices seem to be slumping possibly because people are dumping gold in favour of the Bitcoin rally we are having right now. DRD Gold seems to be strongly marching towards the R15 support line and a break through this line could spell trouble for the short term. Especially for the unlucky souls...

AfroTez

Resistance has become support. After struggling for a while to go beyond 80 c, Purple finally managed to peak at 92c before coming back down and rebounding at 80c. Its still to soon to tell if it will remain above this or dip back down below 80c. Results are being announced soon and if all goes well as im sure most of us are expecting it to, we could very well...

AfroTez

Telkom has brought a strong showing this month, up almost 31% in November. The price peaked at R37 before and if we reach this again there is a good possibility we might see a dip here. Possibly from retail investors seeing this as a drop of point. Since the recent rally we saw earlier(and subsequent dip), Telkom has shown a strong recovery and possibly wont be...