Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Standard Bank stock has a very strong and reliable support trendline. The stock caught a strong bid on good volume again at the trendline. Momentum has not been the story here, just steady grinding upwards towards the all time high of 23100. I maintain a bullish stance as long as this trendline keeps supporting the stock.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Anglo Platinum bulls could not sustain their bid above 58007 cps and the stock recently broke below this key level thereby invalidating the view that five wave down from 178433 cps are done. At this stage, i will give the market time to give more data before updating the wave count. Until then, I sit on my hands on Anglo Platinum.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Could a bear market that began in August 2016 be finally over? There is not enough technical evidence yet but the rally from 1662, preceded by MACD convergence, could provide a bigger relief rally or it could just be a dead cat bounce. I am still looking at the large Elliott Wave structure as a triple- zigzag (WXYXZ). I am...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis and bigger Elliott Wave structure. Is a bottom in at 1101 cps? Time will tell. Netcare stock has broken above the 12/26/50 EMA and this turnaround was preceded by strong MACD convergence. There is nothing much in terms of volume or any change in fundamentals so this is a purely speculative buy based on MACD and EMA...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. BTI stock looks set to buck the trend of lower lows and lower highs. 52180 cps has been holding and the stock has made a first higher low is trending up to make a first higher high. It's still early to call a trend change but it's on the cards.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The uptrend has resumed after a period of brief consolidation. Buy the dips; the shallow consolidation is evidence that the momentum is to the upside.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Capitec continued to trend as previously forecasted but now there are two major signs of concern. I count five waves up from the May 2023 low and there is strong price/MACD divergence. Wave 5 can continue further up from here but a break below 196116 cps will confirm that the the five wave advance is complete; a new should...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The key invalidation level at 215732 cps held and the stock resumed its uptrend for wave 5 of (3). Wave 5 appears to be unfolding as a large ending diagonal and the minimum expectation is for price to make a new all-time high. This may not happen in a straight line so any pullback will present a buying opportunity. Buy the dips.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The bulls proved to be more dominant than i anticipated and took the stock to new all time highs. This has prompted an update of the five wave impulse move from March 2020 to 4600 cps. The bulls appear to be taking a breather for wave which has been a shallow correction thus far, further indicating that they are still in...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Glencore did not take long to reverse after the previous analysis. The stock was in a hurry and did not go low enough to test the lower support channel. The strong reversal from 8708 has prompted an update with wave labelled as a zigzag pattern and price has now broken out of the channel added further evidence that the...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Dischem is still trading in the fifth and final wave of the advance from May 2023. Wave is unfolding as an ending diagonal pattern and has surpassed the previous target of 3300 cps. There is also a clear loss of momentum in the stock as new highs have not been confirmed by the MACD thereby giving a bearish divergence...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Price has pulled back sharply after reaching 6655 cps. The invalidation level of the bullish outlook at 5186 is under pressure but still holding. What is a positive sign of a potential reversal is the reverse (hidden) divergence as the MACD has made a new low relative to the 2023 low but price has not. I am...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Jubilee did not waste time breaking out of the falling wedge since the last analysis. Volume has been good on the breakout and for the first time since March 2020, we have a 12/26WEMA cross buy-signal. The longer the stock stays above the resistance line, the greater will be my conviction that a bottom is in at 109 cps. Buy...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Nedbank has finally broken out of a two year consolidation-continuation pattern. The stock looks set to have its second consecutive weekly close above the resistance line. The breakout has been on average volume but is valid nonetheless. I will maintain a bullish stance above 20000 cps with a medium-term target of a new...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Price broke below 1115 thereby invalidating the outlook that wave (2) was in. I have adjusted the wave count and have wave (2) now at 995 which is the new invalidation level for aggressive longs. The primary invalidation level remains 921cps.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. It's been a slow grind for PPC since the bottom in 2022. The stock is trending up, albeit at a very gentle sloping channel. I am neutral on this one as fundamentals haven't looked good in a long time. A test of the lower support trendline would be the ideal buy level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. MTN had a deep pullback since the previous analysis. Critically, 7753 held and stock looks to be catching big again. This re-test of 7753 can be seen as the bears failing to make a new low which is bullish. I maintain the bullish outlook so long as 7753 holds.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Momentum has consolidated in a tight range since the last coverage. I am still looking for a break above 2270 for more conviction that the trend has changed. I remain bullish on the stock though there is no real momentum behind the attempt to breakout.