Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

Mr Price released a trading update for the 13 weeks ending 31.12.2022 (Q3'2023) on Friday, 20 January 2022. As much as the update looked good on the surface, excluding the newly acquired Studio88, the comparable results looked dim. Load shedding continues wreak havoc on operations and the high inflationary environment coupled with high interest rates and negative...

Loyiso_BlaqueSoros_Mpeta

Truworths has been trading in a wide range, gentle slope downward channel since hitting a peak of R68,09 in August 21. Price has just broken out of the upper trendline on high volume, 5.63 million shares compared to the 1.48 million 20 day average. The MACD also looks to gathering momentum above the zero line. Volume and MACD are just additional factors that add...

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The last time i covered Spar was on 12 July 2022 and i forecasted buying potential at a key support zone. Spar did catch a bid at R129,09 but that rally was short lived and proved to not be the bottom. The share price was decimated on the 16 of November 2022 after the release of the annual results for FYE'2022. The share price seems to found buyers at R112,98 and...

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From the 28 September 2022 low of 864 zac, DRD has rallied almost 80%. The share does seem to be tracing out an impulse move with wave (iii) still intact but overly extended relative to wave (i). At this juncture, it is not wise to buy in hope of further upside. If the impulse outlook is correct, we can expect a correction or consolidation for wave (iv) before the...

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I last covered Gold Fields on 09/11/2022 and the share price has unfolded in textbook fashion, as forecasted. Seeing that the stock is currently in wave (v), it is not advisable to chase it. Commodity stocks are notorious for strong pullbacks and after the completion of five waves up, we expect a retracement in three waves. This is the time to sit on your hands...

Loyiso_BlaqueSoros_Mpeta Updated 

This is a share worthy of an update. We first looked at GFI on the 4th of September and our opinion was simple: 1) we anticipated one final push to the downside potentially to R118,00 2) we identified R162,23 as a key level the bulls need to break to give a strong signal that they are now in charge Now that the Yamana Gold deal is off let's take a look at the...

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The last time I covered Jubilee was in October 2022. I emphasized that the correction was for wave (4) and the Elliott Wave cycle calls for a 5th wave to complete the impulse move. I also stressed that the price region of 231 zac to 186 zac was a key Fibonacci retracement zone, marking the 50% to 61,8% retracement of wave (3). The share seems to have found some...

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Looking at Argent from the November 2015 low of 302 zac to date, it is clear that the trend is up. The question that many investors and traders should ask is, "how much longer can this trend remain our friend?" The EWP helps us to answer this pertinent question. What we see here are three degrees of trend. labels (1) to (5) represent the intermediate trend, 1 to...

Loyiso_BlaqueSoros_Mpeta

After a staller run from the March 2020 lows, TFG peaked at R166,88 in June 2021 and has had a strong bear market correction. From an EWP perspective, this bear has unfolded as a zigzag labelled wave (A) to wave (C) and the (B) wave unfolded as a sideways triangle pattern. The entire zigzag has been almost perfectly contained in a descending channel and price has...

Loyiso_BlaqueSoros_Mpeta

Quilter stock has been underwhelming since listing in 2018. The share peaked at 3487 zac in August 2020, pulled back and retested that previous high but fell short at 3477 zac in August 2021. What followed has been a strong sell-off which could potentially have bottomed at 1661 zac. The general EWP pattern in play here is a regular flat labelled wave (A) to (C)...

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Old Mutual stock has traded generally sideways since bottoming in March 2020 after the covid-19 market sell-off. The sideways trend serves as a reminder of the importance of fundamentals to equity trading and investing. From an EWP perspective however, I see patterns galore that are indicative of further upside in the short to medium-term. The choppy move from...

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After a 45% retracement from R184,82 to R100,73 DSY caught a big and rallied to R129,32. Price has since consolidated in a tight range between R116,09 and R129,32. The MACD paints a bullish picture. The rally from R100,73 was preceded by MACD/price convergence and the rally saw the MACD break decisively above the zero line. During the consolidation, the MACD...

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From the April 2022 peak at R73,20 Sanlam stock corrected strongly to what appears to be a potential bottom at R46,86. The decline unfolded in five waves and bullish MACD/price convergence with a MACD trigger signal increases confidence that a reversal is imminent if it has not already began. I highly recommend a stop-loss below R46,86.

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The USDZAR exchange rate is well known for its volatility and erratic nature. Looking at it from an EWP perspective does shine light on the probable direction the pair might take. The decline from 19,33900 in April 2020 to 13,37130 in June 2021 is best labelled as a five wave decline for wave ((A)). The move to 18,57900 has been characterized by overlapping price...

Loyiso_BlaqueSoros_Mpeta

The last time I covered Afrimat was on October 13 when the share was still in a strong downtrend and approaching a significant trendline. At that stage, I was neutral and called for patience and wait for the right signals, I believe we have enough signals now to go long. The share has broken out of a falling wedge pattern, there is strong price/MACD convergence...

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On the 28th of November 2022, Reunert released good annual results for its 30 September 2022 financial year end. The salient results were (R'm) Revenue: R11,129m +16% Operating profit: R1,231m +17% Attributable profit: R827m +6% HEPS: 519cps +9% EPS: 520cps 8% Final dividend per share: 224cps +8% The group also stated that it is positioned to deliver an...

Loyiso_BlaqueSoros_Mpeta

I recently covered Vodacom on the 4th of December giving a bullish continuation channel setup. Breakouts from such channels tend to be more reliable when they occur on high volume. High volumes tend to have more significant meaning when they come from institutions based on changes in fundamentals or there is new news flow. Vodacom certainly ticks all these...

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I will not dwell on the history of Nampak, its certainly had better days both as a company and as a stock. Before even thinking of taking a punt i highly recommend you you read, in detail, the Trading Statement released on SENS on 2022.12.01 and the subsequent annual results released on 2022.12.05 The company is riddled with debt and its operational ability is an...