KoosKanmar

KoosKanmar Updated 

Massive bear flag break with a $25 000 target. Nice round figure.

KoosKanmar Updated 

Best guestimate to where this relief rally (in a bear market) could extend. 14000 - 14285. That would be a 50%-61% retrace of the recent high.

KoosKanmar

Starting July 2021: 1. Nasdaq 100 E-Mini continues uptrend and then loses some steam to test the multi year uptrend line @1 (red line). 2. Support holds, and buyers come in volume to push the Nasdaq to a new high @2 3. Nasdaq 100 E-Mini goes lower to test the SMMA 40 twice before attempting a new high. It fails to reach a new high @3 and in the process creates...

KoosKanmar

Lesson to all (including myself). In volatile markets adhere to what TA is telling you. The fake break (circle) indicated fading strength. This was followed by huge weakness in a very short period of time. It looks like we're on a bit of support right now. It would be interesting to see if support hold.

KoosKanmar Updated 

Has the UK 100 Index reached a double top ? Beautiful chart that could spell some downside. Nothing cast in stone, but it will be interesting to see this one play out.

KoosKanmar

USDZAR has been trading in a defined down sloping channel for since November. Top of the channel was R16,37 and the bottom of the channel was R14,42. ZAR strength I think was mainly driven by a strong commodities run as well as a weakening $. Current price is up against resistance at the R15 level and it remains to be seen if this level will hold, or be broken. If...

KoosKanmar Updated 

Text book bull flag break (almost too perfect) with a 290 upside target.

KoosKanmar

After a period of some consolidation it looks like price broke the downtrend and the recent high of 9600 could become a target.

KoosKanmar

Possible upside in the indicated triangle within this diamond pattern is expected, but buyers should tread carefully until this index breaks back above resistance indicated with the arrows. Be nimble. Don't fall in love with the upside.

KoosKanmar Updated 

Bitcoin consolidating in this channel. With regular stocks this usually happens before a next leg up or down. I think some of the bigger crypto plays are looking at the general market for direction. The correction between major indices and these crypto currencies have never been larger.

KoosKanmar Updated 

Bears will have to challenge the MA200 as well as the 50%-61,8% Fibonacci retracement levels for any hope of more weakness.

KoosKanmar

Watch out for the ambush zone between 50%-60%. Bulls likely to tread some water between these levels and experience some weakness.

KoosKanmar

Is this a question of a short squeeze or long buyers pushing the price ? Probably a combination of both. It will be interesting to see how far this can go. If this proves to be a failed head and shoulders neckline, it could be pushed higher than most bears might expect. Interesting times. No position at the moment. Watching from the sidelines for now.

KoosKanmar

Will be looking for some strength to open a long position. If expected strength does not materialise, then this trade is off. Watching.

KoosKanmar

Inverted head and shoulders has a price target of $63. ProShares UltraPro Short QQQ (SQQQ) is a 3x leveraged inverse ETF, so be prepared for a very volatile ride on both the up and the downside.

KoosKanmar Updated 

Newgold target is 290, although from experience I know that precious metals rips can be vicious and overextend targets by considerable margins at times.

KoosKanmar Updated 

Bullish looking chart. Nice flag breakout with a 1145 target.

KoosKanmar

I previously warned shareholders to run when it broke a bear flag at $129. It now broke another bear flag at $99, and I can just reiterate that warning to shareholders. Run.