Trader-Dan

Trader-Dan

Markets are experiencing a relief rally off oversold levels and i expect it to continue possibly for the next few days. TP / SL on the chart.

Trader-Dan

Initiating another long in the stock to target the swing high It will be wise to move stop loss to break even as soon as possible as these markets are very volatile Take profit and Stop loss on the chart

Trader-Dan

While sentiment has turned bullish, we will look for opportunities to trade the market up. Mondi was recently upgraded to overweight by Morgan Stanley. Take profit and stoploss on the char.

Trader-Dan

- The powerful uptrend and channel has broken down on Grindrod together with the 20ema crossing below the 50ema, first time since January 2022 where it began its rally from R4.50 - I would be cautious to the long side aalthough corrective pullbacks are likely. - Next supports is R7.92 and the 200dma at R7.30 .

Trader-Dan

Following on from the last chart posted on SP500 (link below), the index initially bounced at the major 3600 support zone and went to test the down sloping 20 day moving average (3778-3808 support turned resistance). Bulls may attempt to put a double bottom in here, or break down to minor support 3500. Failure of 3500 opens the gates to the next 3188 target &...

Trader-Dan

- Overhead resistance capped the move for the dollar and price has now gone to test the 20 day moving average. - Trend is still intact and this is so far a 'corrective' move. - ZAR Longs will want to break and hold R17.55 to open a move towards possibly R17.00 - A close above R17.87 could signal further weakness

Trader-Dan

Sun International has pulled back to a key retrace level in an uptrend Market is having a relief rally SL = Daily close below R26.80 TP1 = R30

Trader-Dan

Price is moving off oversold conditions Looking for a move to target the top of the falling wedge Stoploss and target on the chart NB. Any pullbacks below yesterday's close will give a more favourable risk /reward

Trader-Dan

- Reversion to the mean trade The stock has been beaten down with the rest of the market and reached an oversold level of interest. While we can hold R52, i will be targeting R60 / R65

Trader-Dan

- ALSI bulls managed to hold the major trendline for now and a relief rally is playing out - Will be watching closely to see how we react at key resistance levels in this corrective phase

Trader-Dan

- Great risk reward entry on this US listed miner. - Longterm support trendline - Morgan Stanley has increased their exposure to NEM in the second quarter. - SL and initial TP on the chart

Trader-Dan

Still an amazing chart to eyeball, Shopify, a poster child of the Covid era. One to frame and hang on the wall for future reference so as not to forget what stocks can do.

Trader-Dan

DRDGOLD has formed a decent double bottom pattern off the R8.60 lows - A daily close above R9.70 triggers the long trade - Initial target is R10.85 but the stock has alot more room to move if Gold continues to catch a bid from here -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Price is at oversold levels so im looking for a relief bounce toward R190 SL - Daily close below R177 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Following up on the previous observation, it was important for bulls to defend the R322 level and this has since broken. I will be looking for opportunities to short while price remains below the 50 day moving average which has since formed a "death cross" Stoploss = Daily close above R335 Target will be the next swing lows around R230 and then measured move...

Trader-Dan

Reunert staged a lovely rally since our last idea (link below) The stock still offers an attractive PE and dividend yield. Price has now retraced from the R48.94 high and is in an area of interest where we will be looking for support. - R41-42 will provide a buy entry to target R45.25 initially - Stoploss is a daily close under R40 -- MANAGE YOUR RISK -...

Trader-Dan

- The GBPZAR is moving closer to parity versus the USDZAR

Trader-Dan

- Platinum printed a bearish engulfing candle yesterday - Oscillators are overbought - A pullback is likely from these levels -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.