Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

Purple is a retail investor favourite. The share price has dropped more than 50% from its all time high of 350 zac. The MACD indicator shows an interesting relationship with price. The peak at 350 relative to the previous peak of 349 created a double top formation and the MACD had a clear bearish divergence formation. The MACD has made two attempts to break above...

Loyiso_BlaqueSoros_Mpeta

MCG is trading as forecasted on the previous update, link below. The bears are showing no signs of easing off as can be seen by the shallow depth of wave B which retraced less than 38,2% of wave A. Wave B can still unfold as an expanded flat and rally back above 12667. If the move from 11300 to 12667 is all of wave B, then the share is set to move lower for wave...

Loyiso_BlaqueSoros_Mpeta

Commodities, especially the stocks of diversified miners, have a tendency of having complex price patterns. SSW is no exception and it was a challenge coming up with the best labelling of this chart. The large structure I am looking at is an expanding flat labelled wave (A) to (C). In an expanding flat, wave (B) makes a new high relative to the previous top. Wave...

Loyiso_BlaqueSoros_Mpeta

Renergen has become a retail favourite since late 2020. I do not question the future potential of the company but the price over the last two years has been driven primarily by euphoria and speculation. The bear from the 4390 all-time high still looks strong on the downside and is well contained by a steep falling channel. There are no buy signals or reversal...

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On the 19th of November 2022 I cautioned that Motus' share price will not go up forever, link below. I highlighted that the stock was forming a terminal pattern in an ending diagonal and that a trend reversal was imminent. More often than not, the final wave in an ending diagonal makes a new high relative to the third wave and on some occasions even overshoots the...

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Discovery did discover some buyers as per the previous analysis, link below. Looking at the move from 10073, it looks like the stock is making its fifth and final move up to complete an impulsive move. Wave(iii) in only 1.236*wave(i) so there is potential for wave(v) to be extended. Longs opened at current prices should use 13194 as a stop-loss level.

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My last coverage on Pepkor was on the 12th of October 2022, link below. I forecasted a more prolonged correction and gave a stop-loss for risky longs below 1878 and the stock has not disappointed. Looking at price action, the correction looks more like a zigzag that is currently in wave ((c)) which is unfolding as an impulse and currently in wave (iv) of...

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The last coverage of DRD was on the 17th of January 2023 and I forecasted a pullback for wave (iv) before wave (v) takes off to complete the impulse move from 864. The share has not disappointed, driven by the recent surge in the gold price. Wave (v) in commodities can be extended but there is no way of telling in advance if it will be. The share has strong...

Loyiso_BlaqueSoros_Mpeta

I have made many comments and TV analysis on Sabvest. It is an investment holding company with many great unlisted assets. One the few listed assets has been trending lately, Transaction Capital, though their stake in TCP is small in relation to the rest of their portfolio. My one peculiar issue with Sabvest is the share structure and very thin free floating...

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Talk about a perfect analysis that takes-off almost immediately. The last time I covered ANH was on the 30th of October 2022 and the share has traded as expected, link below. Using Fibonacci Expansion projections, wave(3) is usually 1.618*wave(1) but for modest targets, I initially use 1.00-1.236*wave(1). Using this modest range, wave(3) should push into the...

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Anglo Gold Ashanti has had a great run from the September 2022 bottom at 21300. The banking crisis of the last few weeks has triggered a surge in gold as a safe haven buy and subsequently gold stocks. Looking at the charts, I see textbook five wave advance from 21300 to the current price. Wave 1 is relatively small and deeply retraced by wave 2. Wave 3 is...

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Barloworld released a pleasing voluntary trading update this morning for the first five months of the 2023 financial year. There were double digit increases in Revenue, EBITDA, and operating profit. Technically, the share has traded as forecasted previously, link below. The real question now is whether or not the stock has bottomed at 7984. The first wave of any...

Loyiso_BlaqueSoros_Mpeta

A brief update on the original analysis shared on the 27th of October 2022, link below. The head and shoulders outlook is still intact. After making a new high on the right shoulder, price has fallen and is now testing the support neckline. The share is still trading generally sideways so I will continue to sit on my hands on this one.

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Clicks has forever been a darling of the JSE. After over a decade of steady gains, the share is starting to show some cracks. From mid-2018 to just recently, price was trading more choppy and contained in a ascending channel. Price has recently broken and closed below the lower support trendline of the channel indicating that the bears have wrestled control. More...

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No man's land, an area where price offers very little value as there is no domination between bulls and bears and price can wander sideways for prolonged periods. A brief attempt to break back above the previous resistance area has failed and price has plunged further since the last update, link below. With no improvement of fundamentals in sight, I will continue...

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Exxaro released a good set of FY2022 results on the 16th of March. Salient results: Revenue of R46.4 billion, up 41% from R32.8 billion Net operating profit of R16.2 billion, up 67% from R9.7 billion AEPS of 5 713 cents, up 11% from 5 128 cents HEPS of 6 016 cents, up 28% from 4 683 cents Final dividend of 1 136 cents per share, down 39 cents per share from 1 175...

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Afrimat had a good run after the update I did on the 13th of December 2022, link below. For a company that has recently been classified under General Mining on the JSE, we know how cyclical commodity stocks can be so it's good to take profit and update charts regularly. The move from 4366 to 6066 is labelled as a five wave advance. The correction from 6066 has...

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A technical update from the prior analysis with link below. The bear market from 24225 went lower since the previous forecast prompting and update of the wave count. The updated wave count still implies a combination pattern is unfolding, in this case a double zigzag with a triangle wave (X). The stock is in the later stages of wave C of (Y). There are no...