RobbyP

RobbyP

I just couldn't resist a nibble on AT&T after that strong reversal "doji" played out with the stock price at 10 year lows. Momentum indicators are also starting to suggest an upward trajectory despite the earnings report "risk". Expected to report tonight, and besides the technicals, anything even slightly less than bad should send the stock rocketing of these...

RobbyP

I like the price action here. We've seen a strong move off of the March 2020 support and it's just beginning to look like "W" continuation pattern. I think the next dip can be bought (sub CHF133.00) with a stop just below support (CHF 131.00).

RobbyP

Personally I don't get why the stock made these extreme new highs but fortunately, we trade what we see and not what we think. SO "technically", the price has breached the 50 day moving average and is making a second attempt at breaking the new short term support at around R1734.00. A convincing breach and close below this level sets up much lower targets for the...

RobbyP Updated 

With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over. Buy AVI at...

RobbyP Updated 

As with AVI...With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over....

RobbyP

Most people will forget that the ex-div date moves forward because of the public holiday...but we're smarter than that

RobbyP

After the Steinhoff bookbuild (for however many billion), the price gapped down to reflect the transaction but it also pushed the price down to a decent support level. One I never thought we'd see so soon. Looking at the subsequent price action, it does appear that R20.00 is holding as the "new" support. In this light I have bought some with the expectation that...

RobbyP

So the Top40 broke below the 200 day moving average yesterday and there's the added bearish pattern of a well formed head & shoulders. A continuation of this pattern takes it way down. I repeat, we have 2 Bearish signals. 1. 200 day moving average broken 2. Head & Shoulders

RobbyP

A nice little breakout after some solid results, The next dip can be bought for a continuation to test the previous high. High conviction buy at 290.00. even 300.00 if you can handle a potential short term dip. This one is going to fly!

RobbyP

A death cross is when the 50 day moving average crossed below the 200 day moving average. This is what has played out on this stock over the last few days (maybe they held a lot of Naspers). This is one of the most bearish signals. I wouldn't be surprised if we saw a sharp move lower back to the R40.00/R38.00 levels.

RobbyP

MTN starting to show weakness after a stellar run. If I was holding stock, I'd be selling right now. From a trader's perspective, MTN is at quite a significant resistance level with all momentum indicators starting to point lower. I don't think a short is out of the question here, and I also don't think a target of 115.00 is impossible either...

RobbyP

Triple Top, over bought, Long tail reversal candle and over-stretched... I see Standard Bank retracing back into the R130.00's before the next move is decided.

RobbyP

Not a great sales report by MSM today and the technicals suggest continuation lower towards 1st support at around R52.00. It's not even a strong support so if you were thinking of buying, I suggest waiting and then buying into strength. Otherwise you will just be catching a falling piano.

RobbyP Updated 

(Also see, TBS & AVI)...With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting...

RobbyP Updated 

Momentum indicators are all confirming price weakness here and if you look at the recent price action, MSM has not only broken horizontal support, but also has breached the all important 50 day moving average. I can also tell you that the nationwide riots and looting on top of lockdown is going to have a severe impact on the price. I won't be surprised if we see...

RobbyP

Besides finding top line resistance and running out of "air-time", Bloomberg this morning, reported that MTN is being accused of aiding an Iraq terror campaign. whether it's true or not makes no difference. Investors will not see this in a positive light. Sell now while you can

RobbyP Updated 

There's two ways to play this. MONEY: If you are long Top40 now would be the time to take the money and run. Wait for better levels to get back in. (You heard it here first) THE BOX: Short the TOP40 CFD or even the ALSI for at least a test of the bottom of the consolidation box. The move is largely driven by pressure on Naspers and our resources stocks but a...

RobbyP Updated 

Oh, short KUMBA here