Trader-Dan

Trader-Dan

Looks like some stops got wiped out on this one after a trade update... Reached a support zone now.

Trader-Dan

Capitec has retraced to an area of interest... Bulls will want to long from this zone ( R1718-R1780) with a SL below the recent low. Loss of this level will open a leg down targeting R1514

Trader-Dan

The trade represents good risk to reward.. (Wider stop at $6 can be used) We have had positive weekly close above the previous week. Entry : $8.50 SL : $7.00 Targets: $11.00 / $16.00

Trader-Dan

The stock has been under severe pressure giving up almost 20% for the month of February. The monthly picture like a potential bear flag, bulls will want to defend the swing lows to stem any further downward momentum.

Trader-Dan

Foschini ends off the month of February with an inside bar (range). I will be looking for a break of the high or low for further clues on the next leg (nb: fakeouts are also tradeable)

Trader-Dan

Tencent is having a relief rally this morning and looks to test the down sloping 20ema. 380-387 is a major resistance zone.

Trader-Dan

Following on from the previous post The DXY is now above the yearly pivot and showing no signs of slowing even though its running quite hot . The next level up is 106.50 (200sma) with a major resistance zone just above. Bias is to the upside while price remains above the 20ema.

Trader-Dan

The ALSI has returned to it 50 dma after rallying 12.5% in January 2023 . The pullback from the recent swing high has so far been almost -5.81%. Although we are oversold on the shorter timeframes and a bounce is possible, the index is likely to go test the 69500-70500 region. The short-term trend remains down.

Trader-Dan

- The SP500 pulled back to its 200sma and possible support zone . - A broadening formation is in play on the hourly. As per the previous post the 3900 level will need to be defended by the bulls. Major trendline that was broken on the rally up may become support else if it doesn't hold, it will open a bearish move down back into the larger pattern.

Trader-Dan

Mr Price looks like it could go test R152.80 again Clear supply at R166

Trader-Dan

Stock is still in an uptrend in the short-term R35 (20ema) needs to be defended to keep the upward momentum going.

Trader-Dan

Platinum currently -14.36% from the beginning of the year swing high and the PGM companies similar downward pressure. We at a 'possible" support zone but a 2 day close above the 10ema will be required for a start. Oscillators signalled very oversold.

Trader-Dan

- OMNIA just made a new 52 week low and is now at previous support...

Trader-Dan

Bitcoin looks likely to go test $30000 while bulls hold $21500 now

Trader-Dan

Its been an eye-watering rally on this counter since the R150 swing low in May last year . Its approaching the R1 resistance pivot and looking in need of a decent pullback. Patience required while its above the rising 10/20emas.

Trader-Dan

The bullish stock with an upsloping 200ma has rallied off major support and so far clocked up +25.89% gain for the month of February ... Next hurdle will be swing high R200

Trader-Dan

BAW has pulled back to an area of interest. Support around the R86 level will likely form a cup/handle pattern which would be positive for a possible breakout above R93.00 level Failure at R86 opens the leg to swing low of R81.70

Trader-Dan

The stock has been consolidating over several weeks (possibly stage1) . While it remains above R85 on the daily , I'll be looking for a breakout to the upside through the 200ema to target R98.80 initially. P:E 7.65 Dividend yield of 6.31%