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Source_Sailor

JSE:GND has had an unbelievable turnaround in its share price. In june 2014 the share price kissed its tripple top resistance goodbye and the price took a massive beatdown. Price found some support in the R9.56 ~ R10.60 zone, which it then broke and immediate started a falling wedge. The falling wedge played out beautifully and price formed a cup back to the...

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JSE:SDO recently came under the light after releasing some good financial results. More often than not, when a stock becomes the "big talk" of retail investors, it is already too hot and they enter long positions only to HODL as it slips from its highs. Looking at the recent price action of JSE:SDO, the instrument closed strongly bullish last week, however we...

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JSE:REN has had its share price suffer quite the beatdown since April 2022. Price has painted a clear and worrying Head and Shoulders pattern from February 2021 to date. Interesting developments however are keeping the instrument alive and invalidation of this huge H/S pattern could send the share price to levels never thought of before. Considering the recent...

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JSE:SSW is a prime example that the market is forever evolving and one needs to evolve with it to stay on top.The instrument was coming down in a mini falling wedge on the lower time frames, from which it broke out and began its rally without closing the gap between R25.80 and R26.90 even after coming so close to it. It must be borne in mind that market gaps are...

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The market seemingly factored in the Earnings data and with news of new business acquisitions and dividend declaration, price rallied to break resistance at R143.50, breaking also the descending triangle pattern's falling trendline and closing well above the 50 DAY EMA. Clearly the Bulls have decided to launch this rocket much earlier. Considering the most recent...

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JSE:SSW slipped off the ladder in March 2022 from its all time highs of R80.22, almost exactly 2 years after it had found support at R15.40. Considering the latest price action, we can see price caught in a decending channel and is also now trading around the 50 DAY EMA with a falling wedge. Considering the market gap between R25.80 and R26.90 The instrument may...

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JSE:NED has been caught in a bullish flag consolidation since March 2022. Considering the most recent price action, the instrument closed strongly bearish approaching the support at R200.00 Scenario 1 (Probable): On the downward break of the support at R200.00, price will continue further consolidation towards R176.60 until March 2024 where it is expected to find...

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JSETGA faced a beatdown since December 2022 after reaching the peak of its right shoulder to complete the Head & Shoulders price pattern. Considering the latest price action, we can see price hanging around bearishly around the support at R125.00 With Interim Earnings & Revenue data coming out on 21st August 2023, price is forecasted to break this support and...

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JSESOL broke the neckline of a huge H/S pattern and consolidated in the form of a bearish flag since March 2023 as a retest of the broken neckline. Trading below R221 levels could see us plummet all the way to R71 in the long term.

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Sasol broke the neckline of a huge H/S and consolidated in the form of a bearish flag since March 2023 as a retest of the broken neckline. Trading below R221 levels could see us plummet all the way to R71 in the long term.