Trader-Dan

Trader-Dan

The stock has had a mighty fall since losing the 200dma last month. R41.75-R39.00 is the next zone ... Failure here will target swing low at R36 ...No position -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Thungela has clocked up an eye watering +454% year to date . Note: Its last day to trade if you want to receive the dividend.

Trader-Dan

- Gold has lost its shine in the short term - $1660 is minor support now with $1642 being a major level - Gold bulls will need to recapture $1676 to turn the tables and re-test the break zone

Trader-Dan

- Sp500 has broken through a key support and trendline - The likely scenario is the index will keep moving lower here - A daily close above 3960 will negate the view -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. -

Trader-Dan

Measured move IF the inverted head & shoulders does in fact play out... All going to depends on general market sentiment going forward here otherwise we go visit the lows again -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- R46 held and we reached the R50-52 zone as per the idea below . - A possible flag building here that could potentially test the down sloping 200dma alternatively we could go to the bottom of range again if the bulls drop the ball -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- STXFIN looking to breakthrough R15.50 again to go test the trendline at R16.00 - Oscillators turning up from oversold -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Clientele keeps moving higher, now 24.4% up YTD Original post in link

Trader-Dan

As markets are closely connected and knock-on effects play out, it is not surprising to see that brent is now also at a "crucial" crossroad technically. The 50/200dma cross is commonly called the golden or death cross depending if the 50 day moving average cuts the 200 day moving average from above or below. It usually signals a major trend change ... the next...

Trader-Dan

- While price remains capped below the overhead resistance the gap magnet below remains a likely area to test - In the current market climate this has a high probability of playing out - Consequently the gap is also the 61.8 retrace of the last big leg up -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- MTN is in the process of acquiring the remaining share of Telkom - Evaluations have been cited of around R60+ - The inverted head and shoulders measured move would be perfectly validated if that is the case -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- TCP had the relief leg as explained on the previous post (link below) and has since started pulling back again - An ominous head& shoulders pattern is forming , a break above R41 would invalidate . - I will be watching the support area / neckline if price gets there. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as...

Trader-Dan

- Shoprite released earning's yesterday and the sold it back to the 200 day moving average. - Bulls will need to defend R214 to prevent a further sell off towards the supply zone below (green). -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SHP

Trader-Dan

Price is coiling/consolidating between the 50 dma/200 dma Below R322 things could get ugly and open the gates for further downside. NB: upcoming dividend -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

MTN has had a torrid August and is approaching a 'minor' support were the downward pressure could ease. Only a daily close above the previous day high will signal an indication of the bulls attempting to fight back. Oscillators are in oversold territory . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

After reaching initial target zone, Bitcoin gave up its gains to go test $20000 again. Bulls will need to reclaim $21870 to change the downward momentum else swing low is likely first target ' -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Stock is pulling back from over bought territory. Now approaching an area of interest. - Previous breakout - 200dma Lower timeframe will trigger a long position on support. Price needs to remains above R123 on the daily. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Something brewing on this stock...13 sessions straight down on this market darling . I'm sure it will be made known to the market soon 🧐 JSE:MTN