Trader-Dan

Trader-Dan

Growthpoint has moved up nicely off its support zone and is facing the first 2 hurdles 200/50 moving averages. I will add to the position on a successful capture of R13.50

Trader-Dan

Harmony is breaking out of the long-term downtrend R88 next target level and area of interest, short corrective pullbacks to be expected.

Trader-Dan

$NEM has broken upwards from the 200dma after a successful long trade Next swing high at $54.89 will likely be tested, lots of room to move above that.

Trader-Dan

Sappi is bouncing nicely off a rising trendline R46.50 is the next level to clear to target the R50 level.

Trader-Dan

After cautioning investors in June last year about the potential move down to R25, the chart is oversold and looking interesting. I'm happy to accumulate here while the stock remains above R23 on the daily Looking for a move up towards the 200dma

Trader-Dan

The chart is looking good for a long swing The MACD has also triggered a buy signal I will add on successful capture of the 20ma daily

Trader-Dan

I will be keeping a close eye on the STXRES this week. R67 is a key level that was broken when price moved out of the consolidation period last year Jun-Oct 22 Ideally bulls hold/consolidate at this level and build a base to rally off in the future... Failure here opens R62 and R58 as likely targets.

Trader-Dan

I will be cautious to the long side until bulls reclaim R50-R52 zone else the risk of big R42-45 level remains high. Failure here triggers a very bearish head & shoulders pattern. Alternatively, a larger symmetrical triangle could develop on this market favourite.

Trader-Dan

PIK is presenting a great RISK/REWARD entry here for a short term trade or to add to longer term holdings. Volume has PIKed up considerably today and oscillators are perking up. NB this is countertrend so one can always begin a starter position and add as it plays out.

Trader-Dan

The J200 (Alsi) clocked a negative 5.22% move for the week past. It will be important for bulls to hold onto the 200ema to have any chance of a relief rally.

Trader-Dan

Golds have reached interesting levels and it looks like we could get a rally from here, especially if the dollar comes under pressure. SL and TP1 on the chart

Trader-Dan

I know alot of investors hold this company and rightfully so. It has however formed another Head & Shoulders pattern which if it plays out could open the gates to R170-R216 Bulls will only be safe if R323 is broken to the upside from what i can currently see on the chart. Note this is a bird's eye view so one can expect movements up or down on the shorter timeframes.

Trader-Dan

Discovery has rallied well off its R100 lows from last year October and last week we printed the 1st weekly close below the previous week candle which hasn't happened since the breakout from the beginning of this year. I would be cautious to the long side currently, unless bulls can break R152.70

Trader-Dan

Bidcorp has been one of the stronger names on our market with the target 1 zone being reached (R408) since we took the breakout at R336 . Price is up against strong resistance here and so we will likely see some consolidation or a deeper pullback to the 50dma. If bulls are able to push R408, one can target R450.

Trader-Dan

Bulls have clearly run out of steam at the ambush zone . Oscillators have turned bearish so looking for short setups on the daily timeframe. Gap targets below will make for some good targets , will update the idea and price action develops.

Trader-Dan

Anglo American Plat has been one time framing down on the weekly. Target zone below still valid and we have what looks to be a head and shoulders as well which could take it back to covid low levels. NB: Relief rallies can and do happen.

Trader-Dan

Glencore has come back to re-visit the rising 200ema Will be watching closely to see how the price action develops here.

Trader-Dan

The SP500 has printed a head and shoulders and what looks like what is to become a false breakout. Taking everything into account one can't help to lean towards the downside bias as probabilities are stacked on that side. Either way , while bulls stay below and are unable to re-capture 3928 the gates are open for a substantial move down. Be careful out there folks!