TalkingCents

TalkingCents Updated  Mar 12

Cooling off. Overshot to the upside. Needs time to grow into earnings.

TalkingCents Dec 2, 2024

Carabao Group's valuation and earnings have narrowed compressing its multiple. This is mainly because its stock price went through a euphoric phase which coincided with a global market blow off top in 2020-2021. The stock price overshot and has been compressing while the company tries to grow into its high multiple. What we have seen is a trend reversal from its...

TalkingCents Nov 25, 2024

Monstrous rally off of an inverted head and shoulders support. Banking a +- 70 % gain over a 3-4 month period. Stock seems to be cooling off now, which might indicate some profit taking in order to protect those gains. No position, with a neutral view. I'll be Watching for downside pressure and might get interested at 23 baht again for a trade.

TalkingCents Nov 13, 2024

Thungela Resources. I will build into it for a trade. In the short-term, it could fall to R108,00, but I'm expecting it to return 20%-40% over the next 6 months. It looks to me, and I'm no professional, that it made a double bottom at a previous resistance turned support. If it does fall in the short-term, again, just my guess, it looks to me that it could...

TalkingCents Jul 10, 2023

South Africa Top 40 USD/ZAR = 18.88 Is there rain or sunshine up ahead? Either way, I'm slowly accumulating and adding the STX40 ETF to my Tax Free Savings Account (TFSA). I have remained liquid and have finally started to buy on larger pullback days. I have started building my position with an average price of R69.63. It has just touched the 200 day moving...

TalkingCents Oct 19, 2022

Thungela Resources ( $TGA ) This stock has been flying, so I think a cool down period can be expected. It's fighting to stay above support (R250-R280) - really needs to hold here, because if not, there is some downside pain to be expected. Those that missed the bus the first time, will most likely get another opportunity to buy again at lower levels....

TalkingCents Oct 18, 2022

I see a bullish trend reversal and head and shoulders formation pattern taking shape. This is supported by a stronger dollar and rolling blackouts locally, exacerbated by higher local inflation - sentiment is sour. Will add to my TFSA lower down. Let me know your thoughts?

TalkingCents Mar 9, 2022

If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too. It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too. Strikes aside, I think pullbacks will be an opportunity to add to positions. Price targets are highlighted on the chart, with predetermined profit...

TalkingCents Feb 19, 2022

Sasol has had an incredible run over the last year and has been in a clear uptrend, higher lows and higher highs each time. There are no signs of this abating, although fundamentals should be considered. I believe that if the oil price stays elevated, sentiment will continue to drive this share higher where it could close the gap from May 2019, closing that gap...

TalkingCents Feb 14, 2022

Share has been falling because it was over-hyped and over-valued. I am expecting more of a pullback and a retest critical support zones between (90-87 baht) (87 -80 baht). We should see a bounce at these levels, bouncing off an existing trend line . However, if that doesn't hold then we could see another meaningful correction to lower levels to bring the...

TalkingCents Jan 14, 2022

Interesting set up - let's see if it continues to hold inside this upwards channel. Entry- 22.2baht Take profit- 26baht Stop loss - 20.5 baht

TalkingCents Jan 9, 2022

More bearish signs for Polkadot and for the crypto sector. Head and shoulders pattern formation - looking to break to the downside. Price target =$14

TalkingCents Dec 16, 2021

Sofi Technologies looks like it wants to rally. If sentiment changes and money flows back in, there could be nice returns on offer here. What I am seeing is a triple bottom, telling me that the bulls will take control. Take profits at $22 (50% return) Stop loss at $12

TalkingCents Dec 15, 2021

Just tracking price movements. don't misconstrue this as investment advice. I'm looking for a breakout into next year. (2022) Price target is 11baht by end of Q1 (March 2022) If there are signs of the economy recovering, then we can expect a breakout then a retest back into the breakout zone (8.5-10.10 baht) and then a higher retest at previous resistance zone...

TalkingCents Oct 20, 2021

I've taken a position in Sanlam at R62.52, expecting it to break 20% to the upside within the next 6 months. I have a stop loss at around R54 - which will confirm a lower low. At the moment, I am seeing an ascending triangle formation with strong resistance at R65, and higher lows after each pullback. I believe it will break to the upside as this is a bullish....

TalkingCents Sep 24, 2021

Bitcoin is under pressure. Short bounce up - bull trap, and then a larger correction down. Targeting $30k. Not looking to add to my position at the moment. I will be sitting on my hands for now and watching price action. I'll feel comfortable accumulating and adding to my position again below $35k or above $52k.

TalkingCents Sep 23, 2021

I like the share long term. It has seen nice price action over the last few days, however, it looks a bit overbought now, so now wouldn't be a good entry. I am expecting a pullback - the RSI is indicating the stock is overbought. I will use price pullbacks as entry points to accumulate because it seems to be in an accumulation phase, forming higher lows in a...

TalkingCents Sep 9, 2021

My ideal entry price would be between R37-R39 Just tracking price movements.