Timonrosso

Timonrosso

Down channel is broken but is testing crucial levels... the Downtrend is still active and the moving averages are still very bearish. Bias Bearish and follow the channel

Timonrosso

The Trendline is still holding for the EURJPY since the price broke out of a Cup and Handle formation. The update seems to be still on track, with a minor concern of the price breaking under the brim level again. Still bullish for now

Timonrosso

Since the breakout of the Cup and Handle formation, the rand has just been falling against the US Dollar. The target remains and I'll keep you posted on the process. I still hope I'm wrong!

Timonrosso

In the weekly chart of the S&P500, we can see the price has been on a continuous uptrend since 2011. It’s moved from 1,170 up to a high of 4,834. One indicator that I believe has helped this uptrend, the squiggly black line. This is the one and only 200 Day Moving Average. This is the indicator that all investors and traders take note of. When the price is above...

Timonrosso

AUD/NZD hit our target 1 and now easily on the way to the second target... The price has broken below the brim level and is below 200MA... AUD has been a blessing with breakout patterns and has done exceptionally in 2022...

Timonrosso

Barloworld has beautifully broken above the W Formation Showing a ton of upside to come. The 7 >21 MA bullish. The price is above the 200MA CONCERNS: The 200 is still above the 7 and 21 MA but I guess with a change in trend, we will see this no longer soon. BULLISH

Timonrosso

Mediclinic has just broken out of a somewhat Rounding bottom formation. The demand and buying has kicked in which could send this price flying, once the support is retested and confirmed for upside. CONCERNS: The liquidity isn't great as the candles are quite large and erratic. Bias - Bullish.

Timonrosso

Reverse Cup and Handle (rare but it happens) has formed on Daily. The price will continue up to the first target at the top of the range. This is around 99.79. This is where you can trade a breakout pattern as well as Range Bounded trading...

Timonrosso

Cup and Handle formed on the EURJPY and we got out breakout signal. Target 157.94 YEN Moving averages are looking good except the 200MA

Timonrosso

Cup & Handle formed for EURCAD. However the breakout was weak and it's testing the support again. The target remains at 1.40040 with a bullish bias.

Timonrosso

Inverse H and S formed on EURCHF on daily. 7MA> 21MA but still below 200MA. The first target is to Target 1.0127 Medium probability trade

Timonrosso

W Formation has formed on the daily and price has broken up and out of it. Moving Averages are almost perfect but still below 200MA.. Target 1 - R49.81 Bullish With the JSE on the next upleg, we can expect a number of Top 40 companies on the index to rise in the next week or two.

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W Formation - breaking as we speak. One more candle above and it's systems go for this one. Falling Wedge broken as of last week - Bullish Price target R4.8 CONCERNS: 7 And 21 MA is still below the 200MA showing the trend is still sideways.

Timonrosso

W Formation on the daily has recently broken up and out of the neckline. It then retested the support and bounced up, showing demand and buying is in play. Moving Averages are almost perfect but price is still below 200MA... Target R1023.73 With the JSE on the next up-leg, this could help boost the share price with this trade idea.

Timonrosso

Inverse Cup and Handle on Northam Plats after an extended year of downside. The MAs are almost perfect 7>21 But price is still below 200MA. Target R221.18 Bullish Regards MATI Trader

Timonrosso

I doubt the company will allow such a fall, but it has reached our first target at $120. Looking at the Inverse Cup and Handle, it technically says it is going to $0... This is when we ask ourselves, how predictable are chart patterns and do you think the company will allow this.

Timonrosso

W Formation has formed after an extended downtrend. The price has broken above and has a likelihood of running up. Price above all MAs Target $571.54 CONCERNS: After a steep downtrend, the price is still vulnerable for upside. Either it rallies hard and furious. Or the market comes back down into the formation. Either way, we have out signal to go long.

Timonrosso

Falling Wedge has established on Standard Bank. Price has just broken above, but it's early days. 7>21 but 200 is still flirting with the previous Moving averages... My first target is R186.29. CONCERNS: The JSE is mirroring the upside of the American markets (with the good earnings results) With the Dollar strengthening again, this bull run could be short...