Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Wave (C) is proving to be more extended to the downside. I have updated the wave count and moved wave 3 of (C) to the 12350 bottom followed by a flat pattern for wave 4. Wave 5 is currently unfolding and looks impulsive so I am expecting further downside in the short-term. Short the rallies is the strategy. There is still a...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Little has changed since the last analysis. The move from 8113 to 6347 unfolded in three waves. Buy the dip long positions should use 6347 as an invalidation and stop-loss level. The double top outlook is still valid and will only be invalidated by a break above 8113.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Truworths had a great run from the 4682 low to peak at 8441. Recent price action is showing toppish signs. Though it's still premature to call for a head & shoulders pattern, I am seeing potential signs of one therefore I will be monitoring price action with that in mind. Price has found strong support between 6600 to 6800...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Foschini seems to have found a bottom at 8100. The big bear market from 16688 has unfolded in a classic zig zag; Wave (A) is a simple impulse. Wave (B) is a running triangle. Wave (C) is an ending diagonal. The move from 8100 looks to be forming a leading diagonal. After five waves are complete in the leading diagonal, I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. After the 49% complex decline from 24225 to 12325, Mr Price seems to have reversed the trend. The inverse head & shoulders has been followed by a sequence of higher highs and higher lows. The trend now looks more bullish but 12325 remains the key invalidation level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Pepkor held above 1330 and though it initially looked as if the move would be a powerful impulse off that low, price has trended upwards in a very choppy manner. I am looking at the advance unfolding as a leading diagonal so I am expecting more choppy price action in the short-term. The overall trend is still looking...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. Adcock did not take off on the good interim results in the last update. The technical picture is still the same and the stock has advanced very little in just under a year. I am neutral on this stock as it is clear overlooked by the market and its price action is very choppy. The stock is still displaying upward trend...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Old Mutual has not taken off as I expected, well, given the fact that I had not looked at the fundamentals. The stock has steadily grinded from 921 to peak at 1344 cps before pulling back to 1115 cps. The Elliott Wave pattern formed by five overlapping waves is a leading diagonal for wave (1). If wave (2) is complete then...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Aspen reached the target price of 20400 cps and momentum still looks strong. I will look for dips above 18286 for new long entries

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Sanlam has had a good run since the last update and has traded as forecasted. An update of the wave count shows a triangle consolidation for wave 4 and wave 5 looks to be unfolding as an ending diagonal. The MACD is trending lower as price continues to creep higher. This divergence is a caution that price momentum is waning...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Richemont had a small rally since the previous analysis. I have been looking for a five wave rally though from the 215732 cps low and the rally to 265732 cps looks to be three waves. This is where is gets complex as there are two ways to interpret this: 1) the three wave are a full zig zag correction and price is continuing...

Loyiso_BlaqueSoros_Mpeta

This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap. Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps. *wave (A) unfolded as an impulse *wave (C) unfolded as an ending diagonal Since the 2019...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. It's been tough going for Sibanye since reaching an all time high in March 2022. A 78% drop saw price plummet to 1756 before bulls came in to nibble. The question is, has the stock bottomed at 1756? Here are a few technical reasons to be bullish: *Elliott Wave count suggests wave (C) is complete having unfolded in an...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Northam has pushed up a bit higher since our last update. The move from 9482 has been choppy with overlapping price action, could this be a leading diagonal? If so, 9482 has to hold. I will maintain a bullish view above 9482.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Impala traded below 7002 as anticipated from the last analysis. The stock caught a strong bid at 6430, down 79% from the March 2022 high. The move from 6430 looks impulsive even though it is relatively small but it can be wave (i) of a bigger correction or start of a new bull trend. I am neutral to bullish on this one and I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. After a massive 78% plunge from the all time high of 267538 cps to 58007 cps, AMS has seen buyers get in the stock. The move up from 58007 has yet to trace a five wave advance in an impulse or leading diagonal so it is still premature to say a bottom is in though the bear wave count looks complete. I will maintain a bullish...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Mr Price has had a strong bear trend from 24225. The downtrend does look to be slowing down and price seems to be forming an inverse head & shoulders pattern. This pattern will be invalidated with a break below 12325.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Kumba has had a strong breakout above strong resistance. The big bear from 80338 to 33991 labelled as a zigzag. Kumba has a very strong correlation with the iron ore futures, shown below in a light orange line chart. I am bullish above 40000 with a buy the dips strategy.