AEL has pulled back into its 40 week rising MA for a buying opportunity, Risk 1 unit. reward 2.5 units.
PPC bearish trading range breakdown below R4.30 mark bust retesting. Risk 1 unit Reward 1.5 units
Naspers in a bullish 4hr rising channel. good risk entries are offered here at the R3510 base for a potential move back up to around the R3685 area. R:R 1:3
If RDF closes above R8,00 today it will confirm its IHS breakup, first Targets around the the R8.50 mark. Risk: 1 unit. Reward 1.5 units.
Hangseng HK50, has broken to the upside on an inverted HS pattern.
BAT - Brait has broken up above a bullish cup&handle pattern. Neckline was broken above R14.50 level and has since consolidated above it for the last 4 days. First target come in around the R17.30 area. RR 1:1.5
CRF looking good to move higher. A breakup above R121,00 could see a back to test R132-R136 resistence zone. RR 2:1 with stoploss below R115.
AGL weekly double top pattern with broken neckline at the R345.00 mark, Currently looking for a retest to a zone between R345-R372 for short re-entry with stops above 391. Initial target for this move is to around R272.00 Risk/Reward = 1.7
MTN is trading at the support lows of 2008 at a price of R70-R72 , risk reward favours the upside imo.
APN around R170-180 good long term buying zone. both horizontal and diagonal support confluence around this zone
The ALSI top40 Sep-18 futures contract will roll over to its dec-18 expiry tomorrow 20th sep. Trading Idea right now is that the 49800 technical 60min support level will attract buying for the market to get option hedgers that took trades short below 5000 to buy back above 50000 by FCO closing price I have initiated a long position at 49600 on September 17th...