AGL has managed to trade back up its support level of R540.00 offering a long opportunity with a 2:1 reward to risk ratio
RLO is holding support off its bottom trendline around the R56.25 price. Continued support here can lead a move back up to test R62.40 level RR 2:1
MTM broke up out of a falling wedge pattern and is now retesting the breakout level at R17.70. if this level holds(also lateral support) , bulls can see a move back up to test R19.20 RR 2:1
MTH is holding the R99.00 breakout level and is possible trading in a upward channel going forward RR 2:1
SUI is testing major support off R36.20. If this level holds, price can move back up to R 42.00 RR: 2:1
SA40 index is making a very bullish IHS pattern that has the potential to take us to new ATH in the next few weeks.
MTH held long term support off the R90.00 level and is now starting show signs of a trend change back to the upside after a wedge breakout above R95.00 Risk reward 1:2
MTM has possibly made a false breakdown below the R16.90 long term support level. Long Idea with a RR of 2:1 is in play
OMU has broken up out of a falling wedge pattern over the last 130 days, R12.50 targets on the cards if the bulls can keep the momentum up reward to risk 2:1
ALSI top40 index could be forming a IHS pattern on the daily chart, if we trade higher and get a close above 73300, the upside target can be reached into new all time highs
Remgro is forming a IHS pattern with the right shoulder currently being formed off the R132.00 level which if we start to move higher from here will complete the pattern once prices reaches its neckline at R144.50.
SHP on its 60min chart has form an inverted head and shoulders pattern over the last 10 trading days, A solid close above R205.00 will confirm the breakup which open targets up to R214.00 area
Mr. Price (MRP) has broken up and out of a 5 day ascending triangle formation this opens up a potential target move to the R140 area
AGL has broken its downward channel and ha formed a good base support of R560,00 Entry : 565 target :593 stop :551 reward to risk 1.7 : 1
GRT is trading at the apex point of its falling wedge pattern. A close above R12,15 opens target to 12.85 Reward to Risk 2:1
J200 6min has broken up above resistance and retested the breakout level during todays intraday session of the 72800 level Risk Reward 1:2
KIO 30min chart has formed a nice rising wedge pattern which will confirm a long entry if we close above R445 Entry : Close above R445 stop : 434 target :462
CPI has formed a falling wedge pattern over the last 10 days, A close above R1605.00 level will confirm a Long entry Entry close above : R1605 stop loss : R1563 target : R1670 Risk to reward 1:1.5