Trader-Dan

Trader-Dan

Impala has hit up against the down trending 200dma with oscillators indicating that its overbought. Looking for a short trade towards the R172-R177 zone A daily close above R208 will negate the idea

Trader-Dan

Price has reached a down trending line of resistance. Expecting some cooling off here to allow the 20ema to catchup. Oscillators in overbought territory.

Trader-Dan

Price has launched off its base as posted in the previous post and is fast approaching next level of interest, the 200dma. Ideally i would like to see a push through here to tag the R110 else bulls may need to recharge.

Trader-Dan

- Following on from the long idea poste don the 25/10/2022 (link below) - Price came just shy of the R128 first target - It will be important to see what price action develops here to see if this leg up can be sustained.

Trader-Dan

Price has reached previous target and now we looking for a short on JSESUI for a move back towards the 200dma Ocscillators overbought TP and SL on the chart

Trader-Dan

USDZAR closes for the 2nd day below the 20ema since August 22'. I suspect data out today will dictate the way forward in the short-term. R18.50 support is currently currently the level capping the further weakening in the zar. If zar continues to gain from here i will look for R17.70 then R17.40 and next key zones.

Trader-Dan

Stock has been oversold and recently published results. Positive divergence on the stochastics at a support level. Possible move up from this low risk/reward level to first target level of R56.00 then possibly above R60. A daily close below R50 will be viewed as very bearish (possible H/S pattern as well).

Trader-Dan

STXFIN is approaching an area of interest... The downtrend resistance has been in place since April '22 I would be cautious on financials unless we recapture the 200dma

Trader-Dan

So, the "GAP" trade played out in a spectacular fashion with Naspers dropping a whopping 17.50 % and in doing so it created an upside gap which bulls will likely want to close. R1700 needs to be defended to prevent a further leg down to possibly test swing lows from May 22' It may take a few sessions to create a decent base to work off so i don't expect a V type...

Trader-Dan

Vodacom has reached a key level of interest R118-108 where i'm looking to take a long position. It also coincides with the 200wma and yearly S1 pivot. Oscillators in oversold territory. We could possibly see a bounce first up to R128 then R144 if the zone holds. A daily close below R108 would be viewed as bearish with next support being around R100

Trader-Dan

Growthpoint getting bought up before ex-div date (26th October). Price now back at the 200 dma

Trader-Dan

Gold approaches a swing low... Do we get a double bottom or go mine some lower levels ?🤔 So far its lost 11.3 % of its shine, year to date.

Trader-Dan

- This trade is in play at the moment and the move yesterday adds conviction to the plan. Any pull backs towards R310 will give opportunity to add to or open a position. Original link below

Trader-Dan

Prosus has closed the gap from the 27th June whilst Naspers is got a bit to go. Price action will be key here to see if we get a bounce from these levels over the next few sessions or if we go back R800

Trader-Dan

This has been a nasty decline in less then 2 years and no support in the near term while we are below 295

Trader-Dan

I missed this one so will look to enter on any possible retracement or trade the momentum up intraday. Closed above the 20 ema for the second day now (bullish) . A deep pullback to R17.75-R18.00 with support would trigger a decent swing long. If the stock continue to trend higher, the 50 ema will be the first hurdle before reaching R22 swing target.

Trader-Dan

Taking a repeat trade on JSESUI after the previous long idea hit target. SL and TP on the chart

Trader-Dan

Markets are expected to experience a relief rally. Stochastics turning up from oversold. A close above the 20ema (orange line) will add conviction to the trade. TP & SL on the chart.