Lifesong

Lifesong

TECHNICAL ANALYSIS 1. SOL bounced from a supply/support zone that was created @ end Oct 2020 R71 to R75(marked in yellow. 2. Multiple short & long term BUY opportunity offered as long as price remains above R70 3. Short term = < 12 months 4. Long term is above 12 to 24 months TRADE IDEA 1. Buy with stop below R70 2. Once in a trade, give it time to develop.

Lifesong

It seems that SASOL is ripe for a turn higher. Today (Dec 6th) price turned in a BUY zone between R267 - R273. As long as price remains above R265 the trade remains valid for a retest of R330 as T1 (15-18% profit) Target 2 longer term is R370 (30% profit) TRADE STRATEGY Aggressive entry - Buy the open price of SOL on Dec 7th or around R280 Conservative entry -...

Lifesong

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Lifesong

Bearish engulfing candle formed yesterday Mar 11th Reversal sign and short term retracement is eminent. Early signs of "shooting star" candle forming on Weekly timeframe dependent on today's close. Retracement down to 180000 level as Target 1. If 180000 level does not hold it opens Target 2 in 160000 range.

Lifesong

It seems that a Cup & Handle pattern is forming on the Daily chart(marked in YELLOW) For some technical details of the pattern you can visit the link below: www.tradingview.com TRADE IDEA (longer term swing trade) 1) Wait for confirmation break above 7100 to validate the pattern 2) ENTRY break of 7100 3) STOP < 6500 4) TARGET 8700 - 8800 (pink line) The above...

Lifesong Updated 

Harmony price has been moving in a descending channel and is currently at the bottom end of it. Technically a bounce in price is possible if the pattern persists. The Gold price has been trading sideways for the last week or so and price should remain > 1845 to support a potential bounce for gold producers, Monday's price for Harmony will determine if a trade is...

Lifesong Updated 

On Daily chart a Hammer formed on Friday Nov 20th. TRADE OBSERVATION (Short term - warning it is countertrend) Firstly - Monday (Nov 23rd) price must trade below Friday's close < 1664 Secondly - After trading below 1664, price must trade through/above 1664 before long entry is initiated. Entry only valid once 1 & 2 materialized. Entry > 1665 Stop < 1611 i.e...

Lifesong Updated 

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Lifesong Updated 

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Lifesong Updated 

When reviewing the Weekly chart there is a possible Demand/Support zone at 3000-2900. RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone. Aggressive entry < 3100 Ideal entry < 3000 if it gets there Target 1 @ 4500 - 4600 (Profit around 50%) Target 2 @ 5000 - 5200 (Profit around 65%) Risk around 16%

Lifesong Updated 

Good swing trade opportunity, but also a good entry for a longer term position trade. SUMMARY on chart

Lifesong Updated 

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Lifesong Updated 

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Lifesong Updated 

Trade summary on chart

Lifesong Updated 

Summary on chart If price gets to < 6200 it will be potential entry for long

Lifesong Updated 

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Lifesong Updated 

Trade summary on Daily chart

Lifesong Updated 

See Weekly chart