Loyiso_BlaqueSoros_Mpeta

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis I did update Sibanye recently and little has changed but the stock has caught a bid at 1756 which now becomes the invalidation level to watch in the short-term. It is still very early to even think that a bottom is in here.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The larger structure wave count for Northam is a bit tricky with a couple of probable counts. Looking at the decline from 21246 to 9482, I see a five wave decline with overlaps hence I am updating the count as a leading diagonal or alternatively an ending diagonal. A break below 9482 will confirm the leading diagonal which...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis Impala has traded lower as forecasted and I have updated the wave count. I am not convinced that 7002 is the low and with an alternative count, the entire move from 19068 to 7002 could be wave 3 as the current wave 4 looks very small. I will not be surprised if Impala continues lower but I will sit on my hands and allow price...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. This is a question I asked before when the stock caught a bid at 79400. What has transpired since is that wave 5 of (C) unfolded as a more complex and deeper impulse which satisfies five waves down from 120747 to 58007. Price seems to be forming a base above 58007 which is the invalidation level of the bullish outlook. What is...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The bulls failed to sustain buying pressure and price dropped back into the consolidation zone. I am sitting on my hands on this one as it does not look likely to go anywhere anytime soon. Hopefully I am jinxing it.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Nepi has held firm since the last update. The outlook is still intact and I am forecasting a strong move up from 9764 as a third of the third wave which tends to be very strong. Short-term aggressive traders can use 9764 as a stop-loss level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The bulls showed me who is boss on this one. My indicators and valuations were saying caution, a correction is on the cards, but the bulls re-emerged after a brief stall to power the stock to new all time highs. The trend and momentum is clearly to the upside. I like the company as it has solid fundamentals so from here on I...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. MTN stock continued lower from the previous analysis. The stock has caught a bid at 8700 and might have a relief rally, dead cat bounce, or a bottom could be in at 8700 and this could be the early stages of a longer-tern rally. There is not much to support a thesis that a bottom is in as the bounce is not on high volume and...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The wave 4 forecasted in the previous analysis turned out to be much deeper but looks to have bottomed at 215732 cps. The overall structure from 147340 is still an impulse so wave 5 could be in its early stages now. What is key is that 215732 holds and this level should be used as a stop-loss. What is further encouraging...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. Hulamin did not kick on from the previous analysis and price is clearly in a consolidation phase. I am seeing a triangle pattern forming which can break out on either side so I am now taking a neutral stance.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The key level of 22136 has been broken and that means a bottom is not yet in for Sasol. The Elliott Wave count is not yet clear but the downtrend is still clearly intact with the MACD also turning down below the zero line. The next support range is between 19600 to 18388 which is where I will monitor price action.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Capitec's trend has become clearer over the last couple of weeks. A bottom looks to be in at 132856, a 44% decline from the all time high. The 13 month bear market unfolded as a double-zigzag (WXY). Price action looks impulsive from 132856 and if the wave count is correct, the stock is in the early stages of wave 3 so "buy...

Loyiso_BlaqueSoros_Mpeta

See link below for previous update. I last covered ANH last month and I was calling for one more leg down to complete wave ((c)) of 2. Wave 2 looks complete now with the stock rallying from 99502 and breaking above the wave((b)) high. I am back to being bullish with "buy the dips" above 99502 which now the invalidation level.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Sappi has found the going tough since peaking at 6348, shedding over 40% of its value. This bear trend looks to be forming a falling wedge pattern. Price is still contained within this pattern so I will sit on my hands until we get a clear breakout, hopefully on higher than average volume.

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Momentum stock finally has some momentum. The key levels of 1283 and 1386 have held and price has broken strongly above the upper resistance line of the down-sloping channel. A key level to break above, as mentioned in the previous analysis, is 2270 to break above the previous lower high to buck the trend and make a new...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. The five wave count from 3611 is still intact. I count three waves from 3611 to 6391 which means the consolidation from March 2023 is wave ((iv)) and looks to be unfolding as a triangle. I will maintain this stance unless a break below 5370 invalidates it.

Loyiso_BlaqueSoros_Mpeta

I do not have a high conviction long-term wave count for Aspen. A quick glance at the chart shows a potential double bottom at the 16100 region. The stock looks to have caught a bid with volume increasing from the October 26 low. The double bottom will be confirmed by a break above 18286 but aggressive traders can buy dips below the neckline. The double bottom...

Loyiso_BlaqueSoros_Mpeta

See link below for previous analysis. Merafe is still trading within the 146-104cps range and the sideways consolidation can evolve into a triangle pattern. I am changing my stance from bullish to neutral until price gives clarity with a break above 146 or below 104.