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Loyiso_BlaqueSoros_Mpeta

The last coverage of TCP was on 10.05.2023, link below. Wave 5 of (C) looks to be running out of steam as the MACD is trending upwards. This is not to say that a bottom is in at 545 but there is a probability that it is. Punters should use 545 as a stop-loss level as this is a low-conviction setup and I am looking at a potential dead cat bounce and not a major...

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The last coverage on Motus was on 07.04.2023, link below. The stock has consolidated in what looks to be a rising channel. It is still early days but the bulls have yet to show initiative by bidding the stock aggressively from the 8828 low. Rising channels are bearish continuation patterns. Price can consolidate for a longer period and continue to make new...

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The last analysis on ANG was on 26.05.2023, link below. The stock traded as forecasted but is now at an interesting juncture. The sell-off from 55688 has entered bear territory as the stock is now more than 30% off that high. The bear move has unfolded in three waves which I have labelled tentatively. The ABC implies an almost complete zigzag whereas the 123 is...

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The last analysis on Multichoice was on 13.04.2023, link below. The stock has traded as forecasted and has surpassed the stretch target of 8447. Yesterday's sell-off seems to have been triggered by news that MCG was downgraded by J.P. Morgan as they believe MCG intends to ‘throw considerably more money at Showmax than what the market expects’. The fundamentals...

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Northam is down 56% from its all time high. This bear market is over two years in the making and looks to be unfolding as a double zigzag. The first zigzag, ((W)) is much bigger in price and time than the current zigzag for ((Y)) which is not against the rules and guidelines. Focusing on ((Y)), the stock looks to be in the wave (C) which is approaching key price...

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I have taken some time to come up with long-term wave count of Impala Platinum. PGMs on the JSE have taken a beating of late and many industry commentators are saying now is the right time to buy as these stocks are very cheap. Well, I have to caution that Impala might still get even cheaper. Looking at the chart from August 2018, which is the bottom of the great...

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The last update on RBP was on 26.11.2022, link below. The share has traded as forecasted with 18912 holding as the peak for wave 5. The bear correction, which has seen the stock dip almost 40%, is a zigzag pattern that is well contained in a descending channel. Using the Fibonacci extension guidelines, wave C is approaching the zone where it will be equal to and...

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The last update on Growthpoint was on 27.11.2022 and price has respected the triangle rules. Price pushed a little further up from the day of the analysis but remained below 1610. From March 2020, the sideways move is best labelled as a contracting triangle for wave 4 and price is now pushing down to complete wave 5 of (C). The large structure from May 2013 is...

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On 19.06.2023 Omnia released a good set of FY23 results. Revenue: +24% Operating Profit: +19% HEPS: +10% NAV: +2% The share has experienced a 1 year bear market, down 38% from the June 2022 peak of 8775 to the recent low of 5434. During this period, price has been contained in a falling wedge pattern, which is generally bullish once there is a clear...

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The last analysis of Discovery was on 07.04.2023, link below. At that time, I was of the view that wave ((iv)) was complete at 13194 but the correction developed into a larger zigzag labelled (abc) which terminated at 12945, just above the wave ((i)) peak of 12932 thereby not violating the impulse wave rule for 4th wave termination. From 12945 the stock looks to...

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The last analysis of the brew master was on 30.03.2023 and the call was to buy the dip as there is more upside ahead. The share rallied a bit more thereafter and hit a peak at 123201 and has since dipped just under 15% to 101740. Whether or not this is the low is hard to say but trading is all about taking risk with uncertainties. The MACD on the daily timeframe...

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On the last update I was not overly confident that a bottom was in at 3542, link below. I am maintaining the bigger structure and only updating the wave count from 5245 for wave 5 which looks to be unfolding in a five wave impulse. Short the rallies below 4500

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The market is indeed fickle. The last update on Sappi on 17.05.2023 maintained the bullish outlook as price held above 3937. I was surprised by the market reaction to a very poor interim results report and the very gloomy fundamental outlook. Well, it looks like the market has had second thoughts and corrected itself. The stock has broken below 3937 thus...

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The last update on Anglo Plat was on 19.04.2023, link below. The stock has traded as forecasted and wave 4 terminated at 120747 and price is now in wave 5 of (C). As to how much lower price can go is anyone's guess but a break back above 120747 would be a good signal that the bear is over. At this stage it is a bit late to short so I will sit on my hands and look...

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Afrimat has traded as previously forecasted, link below. 4366 has been well defended and price also held above 4650. Looking at recent price action, the stock looks to be impulsing and unfolding in five waves. From 4840, I am counting the advance as an impulse with price in the early stages of wave (iii) of ((iii)) which can be a very powerful move. Buy the dips...

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Truworths has played out as forecasted previously, link below. The move from 6990 to 4682 satisfies a five wave impulse to complete wave C. The move from 4682 has been strong and has broken above wave ((iv)), adding further conviction to the idea that a bottom is in at 4682. As we know, markets do not move in a straight line so buy the dips above 4682.

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The last coverage of BTI was on 10.02.2023 and the outlook has not changed, link below. BTI is the only rand hedge stock which had share price weakness despite the rand blowing out most recently, further evidence that the stock has no real bidders. The only question is how much lower can the bears take the price as there is no clear support levels and price...

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The last coverage of Pepkor was on 05.04.2023 and the share has traded as forecasted, link below. Pepkor released interim results for the six months ended 31 March 2023 on 30.05.2023. ● 4.3% growth in revenue to R43.8 billion ● 9.8% decrease in operating profit to R5.1 billion (before capital items) ● 11.7% decrease in HEPS to 80.8 cents (8.6% decrease in...