ConnieBezuidenhout

ConnieBezuidenhout

C&H pattern developed on daily and weekly after a nice run from 5800 *Price is consolidating between 7200 and 6500 (the handle) *Price above the 30 week MA supports uptrend *RSI in positive territory *Gap at 7500 needs to be closed Volume spike at 7200ish need to confirm Bullish breakout - sitting on hands Note: Stochastic becoming overbought on weekly... (bear...

ConnieBezuidenhout

Murray & Roberts did some decent volume last week. *Breaking out of a Bull Flag & bouncing of support at 700 *Consolidating above the 30 week EMA supports the Bullish trend *Potential targets are 900 and 1000 can even squeeze to 1200 Disclaimer: This is my personal view and opinion and should not be taken as trading advice...

ConnieBezuidenhout Updated 

Rounded top on weekly time frame lost hold of 10ema suggesting short term trend change... *Can we see 50% Fib level at $27ish ?

ConnieBezuidenhout Updated 

ANG starting to look attractive here, Think this move is overdone, weekly chart sitting at 68% Fib level. Stochastic very oversold, RSI leaving some space... *Might be Wave 4 Low around 37000... Hope so *Wave 5 target is around 58000 Need a Bullish candle on weekly close

ConnieBezuidenhout Updated 

RDF seem to be lagging the sector. Solid base established between 200 & 220 Downtrend broken. Volume increasing and price above 10ema Weekly close above 10ema would confirm long idea 250 would be break of the consolidated Box it was trading in Potential targets: 350, 400 and gap close at 450 Disclaimer: This is my personal view and opinion and should not be...

ConnieBezuidenhout

BAW looks ready to pop if it can break out of this consolidation box its been trading in. *Huge Volume spike supports the breakout idea. (Nicolas Darvas) * Am worried about the RSI and Stochastic that is very overbought, but this can also indicate momentum. Potential targets are 8000 and 10000 Disclaimer: This is my personal view and opinion and should not be...

ConnieBezuidenhout Updated 

Waiting game for now, SOL becoming oversold on weekly RSI and Stochastic - Bottom has to establish first, I'd like to see buying volume * 7000 looks like strong support * Wait for bullish reversal candle on support

ConnieBezuidenhout

HMN established a proper bottom around 330. *Nice bullish weekly candle developing here on decent volume breaking the down trend. *Weekly close above 10ema will confirm the long idea. 500 looks to be the level to watch. *Stochastic indicator is very oversold on the weekly chart. Possible targets are 800 then 1300 NB!! This is not trading advice, my ideas and opinions...

ConnieBezuidenhout

Bullish breakout on weekly chart after testing previous support *Most of the prop stocks got a Bid this week *Would like to see J253 close above 10ema on weekly or 50ema on daily to support the long idea NB!!!... This is not trading advice, these are my views and opinions