Trader-Dan

Trader-Dan

- Brent has been trending up steadily printing higher highs and higher lows - Bulls will be targeting gap closure then possibly 200ma will be next big resistance level TVC:UKOIL -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- DXY is attempting to break the recent downtrend - I will be watching the lower time frames for a higher low to enter. TVC:DXY

Trader-Dan

- Currently testing support turned resistance zone , price in a downtrend - Looking for a lower low entry on the 15 min / 30min , SL above recent swing high -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. FX:EURAUD

Trader-Dan

- Yesterday's close signals a bearish top in the latest strong uptrend - Stochastic & RSI are overbought - A pullback or consolidation should develop over the next couple of days which will create price structure to trade off - I would be hesitant to trade any longs (longer term timeframes) at the moment. -- MANAGE YOUR RISK - - Disclaimer: All ideas are...

Trader-Dan

- Taking a spec long on this share for a recovery play (covid lockdown) - The motor industry is resilient in SA - Stop loss below the recent swing low -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:CMH

Trader-Dan

- The cup and handle idea played out as per plan - Both gaps closed.

Trader-Dan

- Price has broken resistance on above average volume. - I would be hestiant to chase the momentum just yet but look for any weakness towards the resistance (now turned support) around R71 - Targets could be the top of the falling wedge around R88 with the aim to trail a position further up -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...

Trader-Dan

- We are back at levels last seen end of February and breaking through the 200ma - Yesterday's close ended on its highs

Trader-Dan Updated 

- Bear flag breakout on 4hr - Targeting R17.08 zone -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price broke through a daily trendline but has been met with a key resistance zone which i have been watching from July last year. - A failure to break this resistance will open an opportunity to short Bitcoin, a break above and confirmation of support will open a new large leg to the upside and a break of a larger downtrend resistance. -Price action on the...

Trader-Dan

- Curro Holdings has formed a decent support around the R7.40 area - A daily close above R8.50 will open the door to further gains. I will look for an entry on any weakness with a stop-loss below the support zone. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Simon Property Group is another casualty from the recent sell off due to the COVID19 pandemic - Price has formed a nice base to trade a long from and looking for a recovery here with a decent risk reward. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- An inverted head and shoulders pattern has formed with a break off the neckline today - Due to the FOMC meeting, it would be wise to see if the market reacts positively before entering long -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. NYSE:FOR

Trader-Dan

- Price has pulled back last week to retest the area where the range broke out giving an opportunity to enter long - Below R13.85 the long trade will be negated and a possible double top could be in play. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:TCP

Trader-Dan

- Price has come back to retest an area of interest for the bulls - If this level successfully holds, we can expect a measured move equal to the height of the head. - Below R32 i will be bearish on the chart and it will open the possibility to trade a "failed pattern" (Wider SL can be the 200ma) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...

Trader-Dan

- Price has formed a symmetrical triangle. - Will be waiting for the break either way (catalyst could be the upcoming earnings report) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:MEI

Trader-Dan

- After been battered down by the COVID crisis, cruise operator CCL is showing signs of reversal and presents another decent risk/reward trade with a decent upside potential. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. - NYSE:CCL

Trader-Dan

- After consolidating and forming a decent base, bulls have stepped up the buying pressure - Good risk/reward trade as stop loss distance is close - No targets, will wait till price action to signal an exit. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. NYSE:BA