KoosKanmar

KoosKanmar Updated 

Flag break at 11728 Targets 12640 & 13500 Stop loss if we break back into this flag

KoosKanmar

Resistance held for the second time around. A few scenario's could play out here We could form another bear flag in support of another leg down. We could move straight down without another TA formation Trend is down. We stick to it unless resistance is broken and we get higher highs. Be nible. This time of the year running into the next financial year is usually...

KoosKanmar Updated 

Yesterday was a typical knee jerk reaction to weekend news. Alibaba sold off to test $58 (-20%) early in the session, just to recover a bit and close at $63,15 I think the market got the fire sale on Chinese listed tech companies wrong I'm expecting a short term bounce to close some gaps that was the result of this sale Buy price $58,83 Target price is $69,50 Stop...

KoosKanmar

This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times. Best case scenario is support holds up once again and and we test the top of the channel Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines) If you go long, impliment a stop...

KoosKanmar

Resistance held and we have a lot of open air below Steep downtrend Targets are 9750 & 9000 Trade carefully, reduce size, apply risk management (stop losses)

KoosKanmar Updated 

R18 to $ looming. Just a question of time before we get to that target

KoosKanmar

Hitting resistance at 11661. Will resistance hold or break out ? Difficult to trade at these decision points with this type of volatility. Waiting and watching. Market is running in overdrive as shorts cover.

KoosKanmar Updated 

Inverted head and shoulders with a neckline test. Longer term price target for USDZAR is ZAR18 to the $.

KoosKanmar

Getting close to some form of support. Will it bounce ? Maybe a challenge of the recent market low ? If that low holds, we could see a bounce. It the low is taken out, it could get even uglier. No position until we get some resolution on the above scenario's Be nimble.

KoosKanmar Updated 

Good looking channel break with an inverted head and shoulder neckline target of $91,65 Resistance is expected at this level.

KoosKanmar Updated 

A big channel break occurred yesterday. Too big for chasing in my opinion. My will look to add a position if we get closer to $20.60

KoosKanmar Updated 

Goof looking bull flag break with a S61,11 target.

KoosKanmar

Satrix resource ETF is currently trading in a channel, but after a rejection at the SMMA 40 this could end up becoming a bear flag channel. Watch out for a possible break of this channel. Target area if this flag breaks is 5123-4736 Watching. No position.

KoosKanmar

Paypal held up well during some very volatile days. Looks like it's building a nice looking bull flag. Sitting on the sideline and watching this one. A bull flag break will open a $122,77 target.

KoosKanmar

Nasdaq is up against resistance. A few scenario's can play out: -Another leg down to lower lows -We start a consolidation range I guess data will be the determining factor. Wait and see approach. I do see some bullish signs on selective shares.

KoosKanmar Updated 

After breaking out of the downward sloping channel we are now testing this channel line again. Adding some as I think/hope this line will act as support Target if this support line holds is R67,50. Small position. Be nimble

KoosKanmar

Big bear flag broken. Target for this break is $13 000.

KoosKanmar Updated 

SQQQ reached support. This is in line with the resistance that is seen on the e-mini Nasdaq100 $NC1!. Maybe time to consider some of this as part of a long hedge play or a pure short play.