SchalkLouw

SchalkLouw

FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Intu Properties 21 Fortress Reit A 29 Ascendis Health 30 Telkom 32 Shoprite 33 Overbought: Prosus 78 BATS 77 Northam Platinum 72 DRDGold 69 Trencor 67 Spending some time on Shoprite. SHP been struggling to find a breakout from the current Descending...

SchalkLouw Updated 

I can’t say that this graph is making one feel warm and fuzzy, especially if you’re an investor. For a moment Remgro broke 3-year support line (bottom of the falling wedge), just to bounce back and close at the danger-zone. We can clearly see that the trend is still very much against the share price, with very negative momentum. We will further note that Remgro’s...

SchalkLouw

Rand powering ahead this week, dropping below R14/USD for the first time since July this year. This was mainly due to some USD weakness, with the ZAR moving in line with most BRIC currencies. This bring the total gain for the ZAR against the USD to 2.2% for 2019. Hands up who would’ve predicted that at the beginning of 2019? #BRICS currency/USD movements for...

SchalkLouw

Another great week for the Rand, pretty much doing exactly what was expected. Not only did it strengthen against the USD, but also outperformed all BRIC currencies quite handsomely this week. It is now also officially stronger against the USD for 2019 and with less than 2 weeks to go, could just be the first positive sign in years for the South African currency. ...

SchalkLouw Updated 

I’ve got good news and bad. The good is the Rand/USD breached my weekly target (of R14.50) and ended the week stronger against the USD. The bad news - if I was a short-term trader (which I’m not), with the whole Eskom debacle (Load shedding continued and intensified to Stage 6), my “stop-loss” would have been breached as well. But, all's well that ends well! So,...

SchalkLouw

Any traders who might be long the ZAR, should caution todays movement. Should we formally (close above) break back into the Symmetrical Triangle and close above the 50-day moving average (R14.82) again, could most probably see us testing the R15 levels next. Next resistance level is R15.13.

SchalkLouw Updated 

While the Rand did improve somewhat this week, it did take some breather compared to other BRIC currencies. #BRICS currency/USD movements for this week: Brazil +2.3% Russia +1.1% India +0.6% China 0.0% South Africa +0.2% Euro/USD +0.4% Technically, the Rand is still trading below the Symmetrical Triangle support line. It is also constantly flirting...

SchalkLouw

FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: PPC 25 Hyprop 25 Telkom 25 Woolworths 26 Advtech 26 Overbought: Omnia 86 Astral 78 Vukile Property 75 Sirius Real Estate 75 AECI 72 Spending some time on AECI. This remains one of my favorite Value stocks on the JSE. On 6 July 2019, I brought out a long...

SchalkLouw Updated 

This graph is certainly becoming VERY interesting. Like so many of my favorites lately, we can clearly see another Descending Triangle in the share price movement that developed since the beginning of 2019, that could be very positive for MEI , should we see a break and close above resistance level at R58.50. We are however at a scalpels edge (excuse the pun),...

SchalkLouw

Another solid week for the South African Rand, bucking the trend of most BRICS currencies. #BRICS currency/USD movements for this week: Brazil -0.9% Russia -0.8% India +0.1% China +0.1% South Africa +0.4% Euro/USD -0.1% Technically, the Rand dropped below the bottom of the Symmetrical Triangle support line again. Next support level remains the...

SchalkLouw

Top 5 Oversold & Overbought currently according to their 14-day RSI’s: Oversold: Ascendis Health 24 Prosus 28 Telkom 29 Sun International 30 Nampak 32 Overbought: Capitec Bank 74 Momentum Metropolitan 74 MediClinic 73 Stor-Age Property 72 Aspen 71 This week I want to spend some time on Naspers, as data on Prosus is still a bit thin. Both the companies find...

SchalkLouw

Another great week for the South African Rand, bucking the trend of most BRICS currencies. Most BRICS currencies lost some ground during the week (against the USD), with only the Rand improving. VERY IMPORTANT TO NOTE – it’s MPC meeting this coming week, with the interest rate announcement on Thursday (21 November). This could see the Rand improving closer to...

SchalkLouw Updated 

Not a bad week for the South African Rand, recovering some of its losses made last week (-2.6% against USD). We first saw Moody’s not downgrading South Africa (after close last Friday) then we’d like to think that the Springbok’s victorious Rugby World Cup campaign, also had something to do with the over 1% improvement of the ZAR. This all in an environment where...

SchalkLouw Updated 

FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow: Oversold: Tongaat 12 Tsogo Sun 17 Netcare 22 Omnia 26 AECI 31 Overbought: EoH 74 Allied Electronics 73 Famous Brands 69 Nampak 67 Lonmin 67 Spending some time on AECI . This could be one of my favorite SA Inc/Value stocks on the JSE. A company trading below a...

SchalkLouw Updated 

This is definitely not a pretty sight. After this mornings profit warning, AB Inbev is taking some serious shots (pun intended). This positive trendline (support) which started at the beginning of 2019, helped ANH being one of the top-performing FTSE/JSE All Share companies YTD. The support was however broken this week, with today's price movement dropping ANH...

SchalkLouw

Interesting graph on the MSC I All Country World Index ETF (ACWI). Since March this year, the ACWI traded in a parallel band between $70-$75 for most of the period. Three times during this 7-month period, it tried to breach the resistance, just to see it drop back to the $70 support line again. It is also important to note that the share price has been trading...

SchalkLouw Updated 

Coronation has been on a slippery downward slope since December 2014. The reasons for this have been twofold. Firstly, valuations were extremely stretched (end of 2014), trading at a market capitalization (mkt cap) to Assets Under Management ( AUM ) percentage of close to 7%, while the average international ratio (for global Asset Managers) was trading at around...

SchalkLouw Updated 

MSCI Emerging Markets enjoying the fact that the only 2 tweets coming from Trump, wasn't his usual “great and unmatched wisdom”. For now, there is a "partial deal" between the US and China, which got all the bears running for some short covering. While the SPX is up 1.7%, the MSCI Emerging Markets Index is enjoying the news A LOT more, increasing 2% since...