Trader-Dan

Trader-Dan

Following on from the idea posted in September, RLO has moved up nearly 20% . After a solid earnings report, i will be looking to add to my position on any pullbacks towards the up sloping 20/50ema. Stochastics are just turning up off oversold so this stock may have legs to run to the next big area of interest R54.50. A daily close below R44.00 again would be...

Trader-Dan

The J200 index is now flat year to date Very extended at these levels but that's the market, rubber bands both ways.

Trader-Dan

- BTI presented a great short opportunity intraday off the back of negative news. - Consequently, price was in the ambush zone of the last leg down. - If bulls don't reclaim R686 in the today or tomorrow, we could likely see the 200dma tested or even swing low.

Trader-Dan

Kumba reached its 200dma and has clear resistance at these levels... (61.8 retrace) Looking for a pullback towards the R425 level initially. Stoploss is a daily close above R502

Trader-Dan

ABSA is leading the race to the top with +33% up year to date. Banks have been the sector to be in clearly, even with all the challenges our economy and world markets are facing.

Trader-Dan

After successfully closing gap at R122.20, a short trade has triggered. Oscillators are overbought. Looking for a pullback towards R117.80 initially, then the 200dma at R110.

Trader-Dan

The stock reached target at R110 and was consequently got downgraded yesterday by an investment house with a target of R96. The 20/200 moving averages provided a relief bounce on yesterday's sell off... I will be interested to get back in long around the retest of the consolidation breakout around R98.50 Oscillators are overbought on the daily

Trader-Dan

The stock has rallied together with the other miners on our market and is now at the top of the broadening formation. A close above R48 could see some further strength towards 200dma and swing high at R52 . Alternatively, below R45.50 we likely fade back towards the rising 20ema.

Trader-Dan

Following up on the last post, the index continues to rallied after successfully retesting the 20ema. It has buttered through the 50dma and now testing the swing low break of March. The 'uninvestable" index has clocked up +25% in a space of just over 2 weeks

Trader-Dan

Chart looks very compelling for a long bias. Today's CPI data will be the deciding factor to whether this move is legit, or we fall back into range ... Important to note that the resistance or breakzone lines up with the yearly pivot .

Trader-Dan

I have been in and out of this stock as i trade it intraday . The stops on the some of the swings were in hindsight a bit too tight. Luckily my position trade paid off ... we approaching a key level of interest and zone where we were trading before the Yamana news.

Trader-Dan

Tesla has broken down out of a large head and shoulders pattern... It does not bode well for the stock while it remains below $263

Trader-Dan

- As per the previous post, bulls were unable to capture 21870 abd price has crashed to swing lows... Does the low hold now for a relief bounce is another question now ...🤔

Trader-Dan

The stock has pulled back to a decent trendline with some clear uptick in volume activity in the area P.E = 10.1 D.Y = 5.6% Worth pre-empting a breakout to the long side with a starter position, will look to add on confirmation.

Trader-Dan

- The stock has pulled back to its longer-term trend and a good place to buy long. - Looking to ride the trend up while the stock remains above the R10 support .

Trader-Dan

The Dollar Index is on the verge of another break out. No threat to the bulls unless we close below the 10ema weekly or more importantly, break the consolidation that started in Sept 22' Although very extended, the swing high remains a possible target while this leg up is intact...

Trader-Dan

HangSeng stages a major rally today +5.89 % returning to tag the down sloping 20 ema ... Does it weaken here or do we go test the 50ema ? Will be watching closely over the next few sessions.

Trader-Dan

After the attempted breakout i believe there will be longs trapped here after the hawkish FED last night. Platinum is also up against overhead resistance. Expecting a down move towards the gap below and probably could even test the consolidation base . A daily close above R1530 negates the bearish view.