


Timonrosso
PremiumTerrible liquidity of a stock. The bias is bullish with higher lows and a Cup and Handle in the process... We still need to price to break above the brim level, before we confirm the upside. RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this. I remain optimistic and...
Potential Inv H&S Price touching 200MA RSI>50 and downtrend Target R4.83 Bullish and awaiting a potential buy signal...
Simple analysis... INV C&H where the price is under 200MA (major test) RSI <50 and making lower highs - Bearish Target $139.82
MR Price is potentially forming a W Formation. THe RSI is making higher lows and has broken the downtrend - Bullish momentum. The target could be R240... CONCERNS: The downtrend is still evident with a downtrend line dominating and negative Moving Averages. If the price turns up things will look brighter.
This analysis I do out of doubt. The charts show an INverse Cup and Handle. The moving averages are all down 200 > 21 > 7MA Target 1 seems to be $80.70. CONCERNS: The $100 support level is extremely strong and price doesn't seem to price below. I would go short but knowing this is a medium to low probability trade.
MARKET: Mondi ( MNP ) TYPE: Long (buy) ENTRY: R288.42 STOP LOSS: R264.28 TAKE PROFIT: R324.76 REASON: W Formation Breakout of medium downtrend Moving average 7>21 - Bullish Medium probability trade
Cup & Handle is forming. We are just waiting for breakout Target 1.40040
GBPJPY formed a vertical Cup and Handle . Medium Probability trade due to two reasons: 1. Sideways price with close MAs 2. Vertical C&H - less impact of a breakout. Nevertheless we went long this morning
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...
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?
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...
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...
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
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...
CHALLENGE TRADE IDEA: MARKET: Glencore (GLN) TAKE PROFIT: R120.00 REASON: Bullish Diamond formation with rising lows on RSI. What are your thoughts?
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.
CHALLENGE TRADE IDEA: MARKET: Naspers (NPN) TAKE PROFIT: R1516.90 REASON: Bearish Symmetrical Triangle and lower highs on RSI What are your thoughts?
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.