KoosKanmar

KoosKanmar Updated 

Technical analysis dictates that a wedge formation in an uptrend usually breaks to the uspide. That does not mean we could not retest the bottom of the wedge 14650 again. I reckon that we could in fact test the bottom again. Small position to the downside, with a tight stop.

KoosKanmar

Just doing a fib retracement on the weekly showing that this is still early trend reversal days. This could easily extend to the 50%-60% retracement levels (8%-10%) The US money printing, low interest and cheap credit days are counted. The hangover after the party is the worst.

KoosKanmar

USDZAR tested the inverted head and shoulders neckline on 5-6 October If this neckline breaks, the target is 21,17. That means more fuel & food price hikes. With interest rates looking set to continue rising into the future, SA consumers is in for a hard landing.

KoosKanmar

I'm not a big head and shoulders fan, but it's there for everyone to see. It's generally very difficult to time trades based on these formations. It's just there as an orange light indication that I should approach with caution.

KoosKanmar

Big rejection bar at the 40 day SMMA. Some big moves in US treasury bonds indicating higher inflation for longer. You almost get the idea that bonds were lagging the market due to QE distortion. It's only now catching up, and flashing warning signals all over the place. Selling into streng for short positions seems like a better option for the time being. Be...

KoosKanmar Updated 

Nasdaq 100 futures is currently on support Expecting a little bounce here If support breaks, then next line of defence is a thousand points lower Markets look weak

KoosKanmar Updated 

So much for Chinese growth. Lost 42% of it's value since it's IPO day on 20 June 2020. Bought this in August 2023 with a channel break. This hasn't broken back into the channel again, but just a damp squib investment. Going nowhere slowly right now.

KoosKanmar Updated 

Possible inverted head and shoulders building on the ZARUSD Neckline is at 19,35 If that breaks 21,17 becomes a target These head and shoulders formations usually takes a while play play out Patience required

KoosKanmar Updated 

The Nasdaq100 has run hard in 2023 What we are seeing now is a pullback with first support only 1000pts lower. This pullback can easily extend to -10% to -12% off the recent high and still look mediocre on the larger long term chart. Some patience required

KoosKanmar Updated 

I have been watching this one consolidate all year and finally got a buy signal yesterday. Added some yesterday and will continue to add today. Targets are 4618 and 5200. China remains a difficult market to track due to intermittent Chinese regulation and government interference creating negative publicity and resulting in uncertainty and perceived risk for...

KoosKanmar Updated 

Maybe time to relook at an entry price if support holds. Support held twice before and if it can do it for a third time, 70 could be on the cards again Giving this another day or two to confirm support

KoosKanmar

Uptrend dating back to 2016 break on the weekly chart. Support at 5850, and if that does not hold, then next support around 5200. The last time this uptrend was broken was during COVID. Ominous looking chart

KoosKanmar Updated 

$ weakness due to lower inflation figures has led to a bear flag break on FX:USDZAR The target price for this break is 17,63 US economic soft landing in progress, and that is good for stocks

KoosKanmar Updated 

USDZAR Target reached of R19,52 Looks like this might go back to test the inverted head and shoulders neckline @ R18,65

KoosKanmar Updated 

Sell in May and go away... Target met, double top and top of an ominous looking rising wedge Time to sit on the sidelines or a short punt

KoosKanmar Updated 

Two technical patterns identified: Broken bull flag and a rising wedge $NQ! Looks like it's headed for my 13736 target and would even overshoot to test 14000 in the rising wedge scenario I would however become cautious above the first 13736 target because that target wil also indicate a double top

KoosKanmar

A govenment in denial over a power crisis Chickens are coming home to roost Target for this head and shoulder break is R19,53

KoosKanmar

Looks like it could be building a bull flag Wait for confirmation on the break Possible target if the bull flag is confirmed R52