AfroTez

AfroTez

Transaction Capital has almost fully recovered after the Covid dip as it sits comfortably above the R 20 support line. We can also observe the uptrend support line which has been maintained since the recovery began from March dip in share price and hopefully this can continue carrying the share price at hopefully the same pace as previous years pre covid. To...

AfroTez

City lodge had a really good week, starting at just under R2.40 and ending off at R3.16. A growth of about 32% in a week. Possibly reacting the the good news of the vaccine announced. Despite a strong showing this week, its still a far cry from the R16.00 price point we started the year with and thus City Lodge still has a long way to go. An interesting note...

AfroTez

We have finally managed to comfortably break and go beyond the minor R 28 resistance and currently stable at R 31.12. Again it seems the price will move depending on market sentiment in the coming week but for now looking positive with only a cause for concern should we reach the R 22 mark which seems quite far off at this point. The main hurdle right now is to...

AfroTez

A rise and fall from grace? It depends on your patience. DRD Gold struggles to maintain a share price above R 20 as it has slowly entered a down trend. Seems the gold rush has slowed which is ironic. Some say Gold and bitcoin have a like for like movement pattern but as Bitcoin has gone up, Gold has gone down. Direct effect on this stock of course. Overall gold as...

AfroTez

Aspen had a positive week with a good rebound at R 107. This seems to be a good support line as the price is struggling a bit to go below this point. Currently sitting at R121, this could be a welcomed reset as we can expect the price to approach support again possibly in the new week depending on market sentiment overall. On the business end Aspen seems to be...

AfroTez

Another positive week for Capitec as we race to the R 1300 share price. Seems that it is on its way to pre covid prices and hopefully the share price can grow from there. Long term still looking very strong and this minor dip could be a good opportunity to increase shareholdings. Im terms of numbers, for now we are looking to comfortably surpass R 1300, with the...

AfroTez

Sasols big rebound went from R 71 to R105 which was an effective 47.88% profit for those who were brave enough to jump on the train and hopefully jump off in time as well. 105 seems to be a new minor resistance point as we have now seen two close occasions where the price has respected this line. Still very hard to tell where it will go in the new week and I still...

AfroTez

The bad news is, we are still far from recovery. The good news is the price has been in a stable zone for a good while. Establishing a good support line. The industry is still struggling and with a second lock down still possible (considering other countries are going back into lockdown), there as a good chance we will have to brace for a bigger storm. We could...

AfroTez

Close but no cigar! Telkom managing to peep beyond the sneaky R28 resistance but then quickly crashing beyond uptrend resistance to end at R25. Still hope for recover And giving an opening for anyone wanting to opt in although. Getting to 30 a share from this point would yield around 20% returns. Safe to consider R25.00 as a support line now as we have reached...

AfroTez

As stated in my previous analysis, either the resistance or the uptrend support would have to fall by the 1st of November and in this case I think we can conclude that the uptrend support has now been made redundant and the 80c resistance remains in force over the share price. Reaching a max price of 78c this past week, i think that stability can be commended. The...

AfroTez

Citing my previous Sasol analysis, i stated 90 or 80 could be a potentially good buy in point, and seems i missed that could by around R10 as we saw a massive 11% rebound from around R71 to close off at R84. Il be honest, considering the trajectory it took to reach these prices, I decided to sit this out and spare my heart the trauma. Considering its wild...

AfroTez

Fluctuations happen. So no need for worry yet as Capitec takes a bit of a dip from 1200 to 1140. We have support lines at 1100 and the 1030 to 1050 zone so a rebound or reluctance at these points can be expected. If these support lines dont hold however, there is still a very strong uptrend support that has held up very well and could be a significant rebound...

AfroTez

Aspen with a strong rebound respecting the down trend support. Although its above the 105 support line, it can be expected it might dip below this point again. I feel in terms of long term portfolio growth a Pharma company is essential and this can be one big hitter when full year results are published especially considering the year they have had. Before the...

AfroTez

If you had invested in Clicks right at the beginning of this year, right now you would be around 2% down on your investment. But if you invested yesterday, you would be 12% up. Another positive earnings report from the group driving share price up to almost on par with what we started with this year. Firm support line at R 220 which is something we dont want to go...

AfroTez

By November 3rd we should know the fate of Purple group share price as thats when the triangle will be broken and at least one of the lines has to be broken. In this case its either the resistance or the uptrend support line. Both being respected very well at this point. Being consistent at the 78c to 80c a share, this is a decent buy at this point to hold long...

AfroTez

R 1 200.00!!! That is the number we are gunning for at the moment. Capitec has today broken the R 1 100 resistance comfortably and now approaching to close the Gap created in April at R 1 200.00. Still a long way to go but everything looking positive so far. As long as the dips stay far from the uptrend support line, we can stay positive and right now the share...

AfroTez

As expected, negative outlook on Sasol share price continues as we see Sasol losing 7% today and passing through the R 98 support line and providing an underwhelming rebound just below the support. Its safer to assume the trend will continue although a rebound at this point is possible but not worth the gamble. Im not even considering a partial buy in, considering...

AfroTez

Telkom has established a strong support line at R 22.00 and seems to be marching towards the R 30 price again. There is a minor resistance at R 29 and the next major resistance is at R 32. Since September we see it has also established a strong uptrend support line which has been respected until now and its likely the fluctuations will continue to bounce on this...