Timonrosso

Timonrosso

PSX has just broken out of a W Formation. The target is now set to 144.22. CONCERNS: Medium probability trade as the previous trend was sideways...

Timonrosso

Rising Wedge broken down Inv C&H broken down From the previous major fall, it seems like buyers and volume of demand is just not weighing up. I can see this stock crashing down to the next target R2.29 What do you think?

Timonrosso

Bullish Falling wedge Right now Jubilee is still in a range (Falling Wedge) The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing. I want to say if the price breaks up we could see a target of R4.23 CONCERN If the price breaks down, we could also see a target of...

Timonrosso

Symmetrical Triangle Equal chance of a breakout. Break up - Target R6.04 Break down - target - R1.00 NEUTRAL ANALYSIS I do have hope for Pan Africa as it's one of the rare companies that deal with innovative technology for gold extraction. Also with inflation kicking in, this will pick up the price of gold which could help gold companies who are exporters. I...

Timonrosso

AUD/JPY been forming a MAJOR Rising wedge over the last few months... The reason why it's a Wedge and not a Pennant is because the formation has lasted longer than 2 months... A Pennant is normally a very small version of a wedge (Under 1 month). Now that the price broke below the Wedge means momentum is pushing down on the AUD. Target 1 87.92

Timonrosso

VIX is showing higher lows and has broken above the Brim Level of a Cup and Handle. This is problematic for a trader as it means a lot more jumpiness is coming. It's also broken out of its downtrend on both chart and the RSI. With the inflation rate going up, interest rates soon to go up in November and with more money going to be printed in the economy - this...

Timonrosso

CHALLENGE TRADE IDEA: MARKET: Glencore (GLN) TAKE PROFIT: R120.00 REASON: Bullish Diamond formation with rising lows on RSI. What are your thoughts?

Timonrosso

Afrimat has formed another unusual and rare breakout pattern - Reverse Inv Cup and Handle. This is where the handle is on the left and the cup is on the right... The fact that the price has broken below the brim level and the RSI is making lower highs and is below 50, means there is further downside to come. Looks like R22.00 is on the cards for the stock.

Timonrosso

CHALLENGE TRADE IDEA: MARKET: Naspers (NPN) TAKE PROFIT: R1516.90 REASON: Bearish Symmetrical Triangle and lower highs on RSI What are your thoughts?

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MC Mining tested the highs > R7.40 and selling pressure and supply kicked in strongly. It looks like the price is heading back to R1.25. Sorry for the investors who are long, I'm just basing it on Technical analysis... And I hope I'm wrong.

Timonrosso

In the short term - like today! 8:30 EST 13 Oct 2022 If the CPI (measures inflation) comes out at above 8.2% this could lead to a market crash as the Fed would likely raise interest rates by another 100 bps on 2 November to curb inflation. If the CPI comes out below 8.2 this could spark a market rally as they will believe inflation is starting to cool down. In...

Timonrosso

Down channel to continue. Momentum is strong Target - 0.95000

Timonrosso

CHALLENGE TRADE IDEA: TAKE PROFIT: R161.91 REASON: Bearish Symmetrical Triangle, Price has tested the resistance and has failed. With inflation coming out today, my cards are on higher inflation which will lead to higher interest rates and a fall in banks and other markets. What are your thoughts?

Timonrosso

Been forming a Falling Pennant in the last month... This is a small triangular formation less than 3 months (hence it's a Pennant rather than a Wedge). Once price breaks above, we can have a strong buy signal to hold until the first target. Also the RSI is making higher lows and is currently above the 50 mark (bullish). CONCERNS: We just need to wait for the breakout...

Timonrosso

Strong down channel is dominating the GBP/USD, bringing the pound lower. We are also seeing lower RSI highs which is confirming the bearish momentum. My first target is to 1.0519. Notice, I don't expect the price to reach recent lows. and the reason is because, it just might be the solid support needed for the pound to bounce up from here. First a tick up, then...

Timonrosso

EUR/ZAR is showing classic textbook analysis of a Cup and Handle. It's broken out of the brim level and is showing strong demand (buying) to come. The first target is to around R18.23. CONCERNS: There is a rising channel which the diagonal line is a strong support. If the price breaks up and out of this channel, we can expect major downside to come for the rand....

Timonrosso

CADCHF is clearly in a down trend with a bear channel. We can expect a bit of upside where price could breakout of an Ascending Triangle. Then it will test the top of the channel at 0.7344 before it comes down to the next target around 0.7068. Concerns: The 7MA looks like it wants to cross above 21MA - Bullish. However, price is still below the 200MA so I'm...

Timonrosso

Inv C and H Major downside Current down channel Target $101.55