Trader-Dan

Trader-Dan

Merafe is currently in a sideways consolidation period and the chart remains constructive as price holds the blue 50 day moving average . R1.80 then R2.00 remain initial targets while the swing low of R1.50 is intact. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Bitcoin and crypto been taking alot of centre stage of late ... Something to note: Bitcoin is still outpacing the Nasdaq in terms of returns since the covid crash lows.... It has fallen 70% from the highs similar to many US stocks that were overly inflated... some which have collapsed 80-90% ... This is not a call to take a position yet but just an observation.

Trader-Dan

- As per the previous post (link below) EXXARO consolidated and allowed the 20ema to catch up before breaking the flag and reaching a swing high of R240 - The chart has since printed what seems to be an ominous Head and Shoulders pattern .... - The neckline sits around the previous break level R191 (Range R191-R220) - The 50 day has also started to slope...

Trader-Dan

- Bitcoin has had a wild round trip from a weekly breakout in Dec 2020 till now - Still early days to say if the bleeding will end , next week's candle will be telling . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Sasol has pulled back from a R438 swing high and had an initial test of the blue 50 day moving average. - Bulls will need to defend the R390 zone to keep the trend intact :Possible scenarios i'm looking for: 1) A consolidation here before attempting to push higher continuing the trend 2) A failure at R390 for a deeper pullback towards R350 -- MANAGE YOUR...

Trader-Dan

ABSA printed a hammer off the 200 day moving average As long as price holds above support, the chart continues to look constructive with an upside bias. Attractive P/E Currently 7.6 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

MTN is in a steady downtrend currently on the daily from its swing high of R207.66... The next area of interest that i will be watching closely is R136-137.50 where a breakout gap exists. Price action will be key there to see if any kind of pullback/reversion in this down leg could possibly unfold. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my...

Trader-Dan

- The stock has had a heavy sell off after losing the 20 day moving average which it was holding onto since the 24th of May - It will be a bit risky to chase the downside momentum here (unless you keep a tight stop) so I will be looking for any pullbacks to short towards a first target level of R175 . The bear case is in play while price remains under the R242...

Trader-Dan

- The USDZAR printed an engulfing candle right at the 0.618 retrace level of the last leg . - The ZAR has been exceptionally strong and may likely continue to weaken or consolidate here -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

Brent is testing a previous resistance zone.... a break through could see $129 reached fairly quickly. $138 Is swing high Alternatively a close below $120 will likely pullback towards the 20/50 day moving averages -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Some constructive moves on Tencent as it regained the 50 day moving average - Still early to turn completely bullish but will be watching closely to see how it develops -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

As posted in the previous post, the 50 day remains an important level for bulls to capture for a chance to turn this short term downtrend around. Looking for a possible second day close above 50 day -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Coronation is currently very oversold with a decent consolidation at the ambush zone (0.5-0.618 retrace) -Looking for pullback in the current short term downtrend - Stop-loss below R36.50 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- QQQ's have reclaimed the 20 day moving average and is retracing from a oversold level - Its anyone's guess at this stage how far this bounce will go or if it fails - A trader can only manage risk and look for favourable risk/reward scenarios - Next likely resistance at the 50 day moving average $318.50 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my...

Trader-Dan

- Prosus is currently resting above its 50 day moving average - Bulls will want to hold it above R789 to have a chance of breaking through overhead resistance - Failure below will open a leg back into range -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

-- The Alsi has rallied 10+% from the 12th of May low -- RSI now in the overbought region so looking for any signs of Bears capitulating or loss of momentum in this leg up Note: Month end positioning -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Markets have staged a strong pullback and the S&P500 has moved back above the 20 day moving average - While it stays above, i will be looking for trades to the long side -Next key levels will be the 50 dma (4200) then 4350 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- After printing a death cross (50dma x 200dma), price took another dive yesterday post earnings and now looking to test the March swing low. - Lots of overhead resistance if the bulls want to turn this around. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.