Trader-Dan

Trader-Dan

I have been watching the Copper price closely as it has a direct effect on JSE:AGL I mentioned the 3.18 zone would be key to hold and so far price has reacted at the zone and bounced back to the 20 day moving average . Consequently has also found support and moved back to the 20 day moving average. I will be watching closely to see if a constructive...

Trader-Dan

RCL FOODS has pulled back to an area that i'm interested in and has started a consolidation / base. Current PE : 8.7 Looking for a move back towards the 200 day moving average as first target A close below R9.00 negates the idea -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Still of work to get through the bears key defense zone. Keeping a close eye on this area if tested

Trader-Dan

- Aspen has closed above the down sloping 50 day moving average for the first time since March ... - While price holds above R140.85 we could likely to go test R171 level which will be a key level for the bulls to break to turn the tide on the downtrend - Below R140.85 , a bear flag will be in play with a continuation of the down trend -- MANAGE YOUR RISK -...

Trader-Dan

- The stock seems to have found some buyers - Large volume uptick - NB Trade update released today

Trader-Dan

- Price has pulled back to a decent area to accumulate for a long position . - Daily Volume has picked up - Stock is currently on a 7.9 price to earnings - While we hold R36 on the daily, i will be looking for a reversion back to R40 and possibly the 200 day ma at R45 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as...

Trader-Dan

The QQQs are back at the downsloping 50 day moving average, a key level of interest. Its the first big level that needs to be captured for the bulls to stand a chance at turning the tide on the downtrend. Possible scenarios: 1) We reject from here and continue to downtrend 2) We consolidate or flag before an attempt to breakout 3) We slowly squeeze higher...

Trader-Dan

Impala has been on a short term downtrend since reaching a high of R309.20 Price has now arrived at the 200day on the weekly and a possible support zone for a some relief. The last time price reacted on the moving average was at the covid lows of March 2020. Above R185 could stage a decent pullback and will trigger a 2B reversal trade. Better entries will be...

Trader-Dan

The Satrix 40 is currently in a short term downtrend on the weekly We in oversold territory on the oscillators but i will only get excited if we print a close above 6250 . Below 5500 remains the next big level of support. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

Anglo is at an important area which will dictate the next possible leg. While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher... A break below opens the gates to R460 Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support Note: Price is below the...

Trader-Dan

TCP is trading at the bottom of a broadening formation pattern .... Failure below R34 will not bode well for the bulls. Price may have a relief leg on the short term downtrend (daily close above R37.70 confirms) or fade to the R34 and create a right shoulder / "Head & Shoulders" pattern

Trader-Dan

Naspers rallied up to the level i was watching at R2650. Bulls tried to push through but reversed the very next day. The 20 day ema will be the next possible support or alternatively , we will need a close above the previous day high to continue with upside momentum . Previous post in link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion...

Trader-Dan

As per the previous post , oil hit resistance and the break of $120 opened the gates to the 50 dma . Next up is the 200 day to see how price reacts... Previous post in link below

Trader-Dan

Massive move on Tongaat from a low of R2.38 just 3 weeks ago

Trader-Dan

A comparison showing the widening in moves between the USDZAR & EURZAR

Trader-Dan

On the previous post i mentioned the break of R16.32 as an important level to hold for the ZAR else it would lead to a "bigger" leg up. - Price has since broken through and a bearish Cup & Handle pattern could be in play. R17.18-R17.50 is a possible area of support for the ZAR where a pullback or consolidation could occur to allow the 20 day moving average...

Trader-Dan

On the previous post we noted the hammer candle that had printed on the 200 day moving average - Price has since broken below and is likely to keep with the short term trend down - Next decent support is around R140-R144 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a...

Trader-Dan

- Price is in a short term down trend and is below the 200 day moving average (black line) - Next decent support is in the R13.30-13.60 zone - Trend remains down while we make lower lows and lower highs -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. If you would like me to have a look at any chart,...