Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

Oceana just released a good set of FYE 30.09.2022 results, the salient results are • Revenue: +12% to R8,148m (2021: R7,296m); • Operating profit before other operating items: +11% to R1,250m; • Profit before tax: +14% to R1,064m • EPS: +16% to 622.9cps; • HEPS: +17% to 626.0cps; Cash Flow & Financial Position • Cash Generated From Operations: (33%)...

Loyiso_BlaqueSoros_Mpeta

Vodacom stock is not the most exciting share to trade as it is lethargic and does not produce the best technical patterns or wave counts. A 80% price appreciation from the March 2020 lows has been followed by a currently 29% decline. Though this decline can be classified as a bear market, there are early signs of a potential turn around. The price action has been...

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Raubex has certainly been a frustrating stock since listing on the JSE. After trading sideways in a clear range between 2009 to 2020, the share finally broke out and rallied in what looked like a clear breakout. Sadly the share has pulled back sharply and could not turn historical resistance into support. With the construction industry still not seeing much in...

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To say a lot has happened at PPC over the last two years would be an understatement. The group has sold of a few non-core assets and most importantly, slashed its debt load. The fundamental picture in South Africa is starting to look positive on the infrastructure spending front. From an EWP perspective, from the November 2020 low of 43 zac, the share rallied in...

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NEPI listed on the JSE on 12 Jul 2017 and after an initial post-IPO run, the share price experienced a strong selloff from it high of R211,14. The first selloff into early 2018 was a clear and crisp impulse for wave (A). What followed was sideways consolidation in a triangle pattern for wave (B). During this consolidation, NEPI's financial reporting came under...

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The share price of GRT has been in a bear trend for over seven years. Dividends from REITs help sooth the pain of capital losses from declining share prices. The price pattern from the May 2013 peak to date looks like a flat pattern labelled ABC. I have tentatively labelled the C wave but price action from the March 2020 low fits the wave iv triangle pattern which...

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Royal Bafokeng Platinum is currently under intense pursuit by its peers, Impala Platinum and Northam Platinum. The fundamental business case speaks for itself and it is no surprise why this is a highly prized asset. Since listing in November 2010, the share had a horrid nine years until the post-covid-19 commodity boom triggered a new lease of life for the company...

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Northam has been in the news lately with its arm wrestle with Impala Platinum $JSEIMP for control over Royal Bafokeng Platinum $JSERBP. After a stellar from March 2020 at R49,88 to peaking at R279,19 in April 2021, the share price has been in a relatively sideways corrective pattern. From an EWP perspective, this is a flat pattern labelled ABC. The C wave unfolded...

Loyiso_BlaqueSoros_Mpeta

Markets move in cycles, expansion are followed by contractions/consolidations and so forth. These cycles are fractal, meaning they repeat themselves across multiple timeframes. Commodities are well known to be cyclical and unlike stocks, do not necessarily go up in the long run. What we see in platinum is no different. Since peaking at $2115,84 in January 2008,...

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Since reaching a peak of R5,34 in January 2021, BWN has has been in a correction. The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards. Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it. The MACD...

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One thing is constant about markets, whether indices or single stocks, and that is bull trends will be followed by bear trends or periods of consolidation. Motus has had a sterling bull run since bottoming in April 2020 at an all time low of R23,00 and recently hit an all time high of R136,00. Applying the Elliott Wave Principle reveals that this bull trend has...

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Dischem had a stellar run from the July 2020 all time low of R16,50 to peak at R39,15. The share price has recently come under pressure and looks likely to retest a previous support at R28,34. Further analysis of price action shows a potential rounding top formation. This pattern can also evolve into a head & shoulders. My short-term outlook is to monitor price...

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Tiger Brands has had its fair share of operational issues and bad news and is currently trading a long way off its all time highs. Perhaps there's a ray of hope if the latest trading statement is anything to go by. Technically, a run up to R240,00 looks possible. Selling momentum has been waning as seen by the double convergence in the price and MACD.

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Blue Label has been trending upwards in a choppy manner recently. The MACD indicator has been providing pretty accurate trading signals in this choppy market. Classis divergence is when price makes new higher highs but the MACD makes lower highs and is viewed as bearish. The lesser known reverse divergence is when price makes higher lows but the MACD makes lower...

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Impala hit an all time high in March 2022 at R309,19 and then shed 52,5% in a bear correction that looks to have bottomed at R146,80. What gives me confidence in a short-term bull run is the rally for wave (i) unfolded in five waves and the correction for wave (ii) unfolded in three waves and terminated above R146,80. The current rally from R153,55 already looks...

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Construction and materials group Wilson Bayly Holmes-Ovcon (WBHO) reported its first annual loss in its 52 years in its 2022 results. Low levels of construction activity in the UK and slow government infrastructure rollout in SA paint a grim picture for construction companies. Many still view WBHO as the best run and well placed company compared to its peers. A...

Loyiso_BlaqueSoros_Mpeta

Sygnia had a good run from April 2020 rallying from R6,54 to a peak at R21,25 in February 2021. What is most positive is that this rally unfolded in five waves labelled (1) to (5). Since the peak, the share has traded in a clear consolidation manner moving generally sideways. This adds further bullishness as the bears have not really taken control but its more a...

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Commodity stocks, like the underlying commodity they generate revenues from are well known to be cycle. Looking at Wesizwe, it is no different. Since listing in 2006, the share has declined from an all time high of R16,50 to an all time low of 31 zac over twelve years. The EWP puts this bear market into perspective. The entire bear is a zig zag pattern labelled...