Timonrosso

Timonrosso

BEARISH 4 Hour Box Formation - Consolidation Break below and target R1.00

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W Formation formed in the 4 hour chart. The Price is above the 200MA and things are looking like buying is taking place. I am Bullish with Sibanye and expect a target of R51.83.

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A distorted but form of Cup & Handle has formed in the 4 hour chart... The price has broken up and above the Brim Level as of in the last couple of weeks. It's now showing strong upward momentum to come with the 1st target to 75 cents... Also we have a gap that is ready to close (hence more bullish signals). BULLISH!

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Netcare showing a bull market as it broke above the medium term downtrend since August - September... It's now testing the support (which was the resistance) and is forming a potential Cup and Handle which is setting its next target to R15.16.

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Harmony is looking bullish for upside. There are a few hurdles. 1. Needs to break above the medium term downtrend. 2. Needs to break above the 200MA... 3. There is a gap which needs to close. However, momentum according to price action does look up so the chances are quite positive for upside..

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Cup and Handle formed on Daily. Broken below Brim level $39.11 Target $21.44

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XRP has made lower highs and is confirming a Descending Triangle. The market analysis is bearish and a break below 0.4209 the next target will be 0.3087.

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I popped on this chart on Daily and Weekly and it shows a morbid picture of the price heading to $6.90... I hope I am wrong, because these eternal giants don't deserve such a crash.

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Since the last analysis, Capitec is continuing to look Bearish. It's formed another RARE formation called a Reverse Cup & Handle. This is where the handle is on the left side. Now that the price has broken below the new Brim level at R1659.23 My second target for the bank is at R944.16. Side note: All the South African banks are showing major downside to come...

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Massive Falling Wedge has formed on the weekly... We are near a breakout level, which we can only hope it doesn't breach. If it breaks above R20.35, then the next target will be R25.00. This most likely will only hit in around 2024 though so let's not be too worried just yet. Long term analysis

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Here is the analyses for NZD/USD. Quite a large Inverse Cup and Handle forming on Daily with an even larger one on the monthly time frame. With all Moving averages showing downside to come with 200 >21> 7, tells us this is a bearish analysis... First target to 0.4863

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From the previous Analysis with the Dixie, if we do see the USD index break above 119, the next target will be to all time highs. You take the difference between the high and the low of the Enormous W formation and add it to the highs. This will not be good for other currencies. Something big is brewing in the pipeline and it's about to explode! Target 2 - 166

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In the medium term, the Dixie (US Dollar Index) broke out of its long term downtrend in 2014. Since, it's consolidated between a range forming a large Double Bottom. And now that the price has broken out means we can see a strong move to 120.00. What this means is we can continue to see weaker currencies such as the pound, euro, rand and yen. This can spark a lot...

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On my radar, I'm just seeing downside for the banks! Even Nedbank has given a potential short position. Below Symmetrical Triangle Target 1 - R169.95 What are your thoughts?

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INJ/USD - hourly chart We need a break up and out of the Falling Pennant formation on hourly. above 1.701 and the next target could be 1.946. RSI also showing buying divergence (Higher lows and Broken out of the downtrend momentum). Thank you for the suggestion.

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USD/CAD has formed a symmetrical Triangle which is a pause in current uptrend direction Target up 1.4015

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With all the downside, I am hoping Woolies at least breaks up and out of the Falling Wedge so we can hedge our short position and go long this retail giant. What do you think?

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Discovery showing another nice short position... It's broken below an Inverse Cup and Handle on daily and momentum is favouring downside. Target R56.12.