Trader-Dan

Trader-Dan

After the recent post where i highlighted that JSESSW was building up energy and ready for a new leg, the break came explosively yesterday with a +11.1% move up through the 200dma. Price is now into a resistance zone (R42.60-R44.50 where bulls will likely need to regain their breath. A 'gap' fill is also at R43.43 I will continue to monitor how the price action...

Trader-Dan

Bitcoin ended the week with another bull bar reaching an intra week high of 31035 The short term trend continues to push up and is now at a key 'support now turned resistance' which is evident from the pinbars to the left in 2021 A break here will open the gates to the next level $36000. Bulls need to hold the weekly low ($28000) to keep the momentum in play.

Trader-Dan

DXY is back into an important zone. On the previous idea, support was found and a rally ensued. We testing the lows again and this time we might break to test the next big level at HKEX:99 Failure there will see the dollar continue to weaken on a substantial new leg although my bias leans towards finding support and bouncing again. Alternatively price finds...

Trader-Dan

Gold coming up to a previous resistance zone and swing high... Does it break this time round ? If it does, the measured move will be substantial.

Trader-Dan

Price has reached the top of the ascending channel. Be on the look out for any bearish setups on the daily or selling pressure as the stock is heavily overbought. Alternatively, the bullish scenario will be a successful breakout and squeeze to target the measured move of the flag pattern.

Trader-Dan

Telsa price is coiling into a pennant pattern / triangle, loading up for the next move down or up. Upcoming earnings is likely to be the next big catalyst. NB Price is still below the 200dma and major down trend line

Trader-Dan

Price rallied well off support and now bulls will want to hold it above R1590-R16.10 to attempt a move towards swing highs. The momentum looks favourable in the sector.

Trader-Dan

AMS has formed a diamond pattern which has the possibility of breaking up (reversal pattern) or down (continuation pattern). The target zone just below is still open but i will be watching the shorter timeframes for clues of which way the break is likely to occur. Platinum price is also at a key level to watch 🧐

Trader-Dan

After a beautiful rally from November 2022, price is in a consolidation phase and basing now on its 50 day moving average. Bulls will want to hold price above this level to continue the momentum to the upside. The company continues to be well positioned to benefit from renewable energy demand and the continued load shedding issues in South Africa.

Trader-Dan

The R1323-R1475 zone continues to be a headwind for the bulls (R1405 strong resistance) Short term Moving averages have flattened as the stock gets ready for the next big leg.

Trader-Dan

The stock has managed to hold its 20 day moving average for 2 days now after rallying off a up trending trendline. - Pullbacks to R590-R608 will be an opportunity to enter long positions to target R650-675 initially. - A daily close below R570 will negate the idea.

Trader-Dan

Rhodium has found a trendline but it early days . A weekly close above the previous week will be a start.

Trader-Dan

- The chart is a good example to show that not all patterns work out and you need to be flexible to either stand aside or flip the switch and take the other side. I mentioned that R86 needed to hold else R81.70 would become a target. Price did in fact reach a low of R79.84 before rallying back up after printing some decent bull bars on the daily. Bulls need hold...

Trader-Dan

Call in the Medic, we need a heartbeat on this one!! Earnings coming up should get things moving

Trader-Dan

- Price is in a consolidation (range) and building energy for the next leg. Will it be UP or DOWN? 🤔 Watching lower timeframes for breakout clues.

Trader-Dan

I missed the entry on this one at support and will wait to see if there is a pullback for entry. Volume looks interesting with the recent has pick up.

Trader-Dan

Onwards and upwards after a successful test of the support zone.

Trader-Dan

TGA has rallied +20% off its recent swing low with a couple days of 'spinning top' candles. Its up against the down sloping 50dma and a resistance trendline. Will be interesting to see if it breaks here to the 200dma or fades...