Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

Transaction Capital had a good run after the covid-19 crash, rallying from 896 to an all time high of 5250 in just over two years. The share and most importantly, the business model, has come under massive scrutiny over the last two months. First was the trading statement released 13.03.2023 which led to a big gap down and continued sell-off and today interim...

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Hosken rallied 1187% from 1600 to an all time high of 20600 From May 2022 however, the rally has been fairly lethargic. Price has continued to make new higher highs but these new highs have been at almost the same level creating a triple top structure. The MACD however has failed to confirm these new tops creating a double divergence. For a stock to rally 1187% in...

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Super Group had a super run from April 2020 to September 2021, tripling in price. The highs of the 3700 region have been retested three times and the bulls have failed to move price higher. The last retest in late February 2023 has already pulled back significantly. Price has also found support at the 2445 region. The larger consolidation structure looks like a...

Loyiso_BlaqueSoros_Mpeta

South 32 had a stellar run from March 2020 to March 2022, almost quadrupling in price. Price has since consolidated and looks to be forming a contracting triangle. In this case, i view the triangle as a neutral pattern meaning it can breakout to the upside or downside. Until I see a clear breakout I will sit on my hands on this one.

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A brief update of the previous analysis, link below. I am looking at the larger sideways structure from 6809 as an expanding flat. Wave A and B are large, complex three wave moves but wave C is unfolding as a simple impulse. Wave C is currently in wave ((v)), its final move and I am looking for price reaction either at 4586 or at the lower down-sloping trendline.

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City Lodge released a pleasing set of interim results for the six months ended 31 December 2022 on the 24th of February 2023. Although the share price did trade lower, there are reasons to be optimistic. Taking a broader look at price action from an Elliott Wave perspective: From 222 to 650 we have a leading diagonal for wave 1. From 650 to 359 we have a zigzag ...

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The last coverage of Netcare was on 14 October 2022, link below. It is still very early days but it seems the bulls have taken the initiative and price has broken above the upper resistance trendline. The breakout volume is not convincing but as per the original analysis, above 1130 i remain bullish. This is not a stock i trade and the 1130 invalidation level is...

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The last coverage of Glencore was on 30 September 2022, link below. Price has continued to move generally sideways though a new peak was made at 12433. My preferred count hinges on the interpretation of the move from 7920 to 12433 which i view as a corrective move and not a motive move. This interpretation means that the sideways price action from 10594 is a...

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Since making an all time high at R2392,73 Capitec stock has been in a strong bear market. Price action from the peak looks to be forming a large contracting triangle. Without clear context of the larger Elliott Wave structure, I will treat this triangle as a neutral triangle meaning it can breakout in any direction. The key levels to watch in the short-term are...

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I still maintain my long-term bearish view on Astral as per my previous analysis, link below. Stock do not go down in a straight line and even with weak fundamentals and a strong bear trend, there will be bounces/corrections to the upside. Astral stock has found trendline support at 14896 and has broken above the short-term resistance trendline. As the stock...

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The last analysis on AGL was on the 23rd of February 2023, link below. The stock has traded lower since the last analysis and has prompted an update of the wave count. The decline from 77318 has been strong with very shallow and brief pullbacks. I am labelling the decline in a tentative manner to accommodate both the corrective ABC and an impulsive I-V...

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Since the last analysis on the 15th of February 2023, Cashbuild released an awful set of interim results on the 1st of March. Revenue (4%) Gross profit (9%) Operating profit (47%) Headline earnings (39%) The market did not react aggressively to these disappointing numbers but the share has continued to trend lower. There was not much of an outlook besides...

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The last analysis on Mr Price was on the 17th of March 2023 and the bears were still in control, link below. Looking at price action, there has been a significant bounce from 13104 and most importantly, this bounce has broken above 15199 which rules out a simple five wave decline from 18972. The larger Elliott Wave structure from 24225 is a double-zigzag (W)(Y)...

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Afrimat has held steadily above the critical level of 4366 as per my previous analysis, link below. On Tuesday 18 April, Afrimat released a voluntary trading update for the FYE'2023 and cautioned that: EPS is expected to be between 448.6 cents and 476.6 cents, representing a decrease of between 15% and 20% and HEPS is expected to be between 445.2 cents and...

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The last analysis on Truworths was on the 20th of January, link below. The breakout was a fakey and price has crashed back into the consolidation zone and looks to be impulsing to the downside. The larger price structure is unclear but from 6990 i am counting the crash as a five wave impulse. A price target to the downside is at the down-sloping support trendline.

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Anglo Platinum is down significantly from its all time high of R2675,38 and the 14% rally of yesterday has created some market excitement. Taking a look at the bug picture, the stock seems to be making a large (ABC) zigzag bear from the all time high. Wave (A) was a very large and extended impulse and wave (C) is also unfolding as an impulse. Wave (C) looks to...

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Reunert has not disappointed since the original analysis published 12 December 2022, link below. There is some uncertainty whether or not wave iv of (iii) is complete but price is holding up nicely above the 5700 resistance turned support zone. Either way, the wave count calls for consolidation/pullback for wave (iv) and one more leg up for wave (v) to complete...

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Nothing to add at all, original analysis in link below