KatlehoThaba

KatlehoThaba

I believe the stock has completed wave B of a zigzag Correction. It closed the week with a Dragon Fly doji at 161.8% Fibonacci ratio. We have 5 sub-waves on Wave A, 3 sub-waves on wave B and I'm anticipating 5 waves down to complete wave C.

KatlehoThaba

The stock is showing a bullish flag. It is always safe to wait for a breakout to confirm the pattern before you can take any decision.

KatlehoThaba

The stock, just like most that rallied pre-lockdown, is completing Wave 4 Correction. After a Correction comes a rally.

KatlehoThaba

It seems we are still going for new highs, 50k on sight.

KatlehoThaba

The stock is in a Corrective structure. It is best to wait for a breakout because Corrections can become complex and take longer than expected. After Correction i anticipate a rally to around 8000c.

KatlehoThaba

We are +70% up on this stock. It is currently unfolding in what seems to be a possible 335 Correction in Wave 4, with a "b" leg yet to complete.

KatlehoThaba

Despite a backlash from mainly the minority community for its labour policy, Dis-Chem is edging higher. The stock is trading in a triangle, a corrective pattern that resumes the prior trend when complete. A breach of 3600 will be our confirmation level.

KatlehoThaba

With interest rates high, and continually increasing in an attempt to curb inflation, banks will be the biggest beneficiaries. Capitec bank continue to smash new records, outclassing it's peers or the biggest 4. It has recently added Mercentile Bank to its balance sheet and it will be focused on business banking, also it has launched Capitec Connect, a mobile...

KatlehoThaba

The stock is trading at the Supply zone and we are likely to see the last leg to complete the multi-year Correction. I'm only lookig for selling opportunities here.

KatlehoThaba

The stock is trading inside a descending channel is what seems to be a termination point for wave "C". It will be better to wait for a channel break and a safety zone to be created outside that channel. A safety zone is a little correction/consolidation structure that get created outside or after a channel/trendline get broken.

KatlehoThaba

The stock is in what seems to be a triangle, we have leg "d" and "e" to complete before we can take any action. A triangle is a Corrective pattern of which a prior trend continues after it's done forming. At the time when interest rates are rising rampantly, banks are one of those who will benefit.

KatlehoThaba

Sanlam is in what looks like a 3-3-5 Elliott Wave Correction. It has formed a Head and Shoulders pattern, but yet to break the neckline. We can see a drop to 2000 region should the neckline break.

KatlehoThaba

Bitcoin is just completing wave 4 and commencing wave 5 of (C) in a 3-3-5 correction. The next Support is at 9k and 4k respectively. The CEO and analysts at ARK Investment Management are saying the coin is going to $1million 😂. Let's say maybe it's going there, but the question is, in the meantime can you continue taking ghe beating? Mind you some bought it at 60k.

KatlehoThaba

The signs are clear for even a blind man to see them. Mind you Berkshire Hathaway comes all the way from half a million price mark. If you bought at its peak, you've lost about 20%, and that's how much the market has lost so far this year.

KatlehoThaba

There's no doubt that we are in a bear market. All the heavyweights are showing bearish reversal patterns. The JSE TOP 40 has confirmed a bearish reversal pattern. I anticipate a drop to around R90 price range.

KatlehoThaba

The stock is in what seems to be a Head and Shoulders pattern with the right shoulder still in formation. The break below R500 will confirm the pattern and the next key support area is around R200. The JSE Top 40 index has already confirmed a Head and Shoulders pattern. Yesterday's post of this setup wasn't clear.

KatlehoThaba

We are getting what seems like a Head and Shoulders pattern forming, a break below R500 will confirm the pattern. The next key support is at R200. The JSE Top 40 has already confirmed the Head and Shoulders with a break of the neckline, AGL seems to be following suit.

KatlehoThaba

We are seeing what looks like a Head and Shoulders pattern in formation. A break below R500 will confirm the pattern. The next key support is at R200. The JSE Top 40 has already confirmed the Head and Shoulders pattern, this giant seems to be following suit.