Trader-Dan

Trader-Dan

- Price has recovered from its recent lows of R80 - Its currently consolidating and we have had 2 inside bars that have formed within the range R108.79 - R115.60 - Stochastics overbought - I will be looking to trade the break of the range, in either direction (daily close) . -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be...

Trader-Dan

- Watching SASOL closely to see if this cup & handle pattern materialises - Currently no longterm position on JSE:SOL

Trader-Dan

- This ETF has been a star performer since we posted a long trade on it (link below) - Currently breaking through a trendline that spans back to 2006 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Stock has been strong in our current market environment (above 200ma) and will possibly benefit from the lockdowns happening worldwide. - I will be trading the inverted head and shoulders pattern as per chart -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price has rallied to test the 200ma and has been rejected - it has broken out of a bearish flag pattern so further weakness is likely towards the lows. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:ZED

Trader-Dan

- This stock has had a decent run during the current covid crisis - A bearish engulfing candle and overbought stochastic signals a possible retrace from these levels NB: this against the prevailing uptrend , stops to be placed above the highs. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:CLS

Trader-Dan

- Price has retraced back to the 200MA dauily where it was met with fierce resistance - It has broken out of the bearish flag pattern on decent volume and suggests futher weakening towards the lows around -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:SPP R153

Trader-Dan Updated 

- Nice reversal play , possible double bottom target - Good R/R

Trader-Dan Updated 

- Price is reaching a major down trendline - Will look to see sellers stepping in here -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price has returned to a major trendline and formed a bullish reversal candle on the monthly chart. - Will be watching the share to see if it retests the lows or perhaps closes above R45 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:AIP

Trader-Dan

- Price has broken below a long term support level - Expect alot more downside in the future months -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:LEW

Trader-Dan

- Monthly chart shows Redefine at levels last seen 17 years ago - I will be keeping on the watchlist and targeting any sort of bottom in the future weeks to come...

Trader-Dan

- Price retraced to 0.5% Fib of the last move down and has consequently formed a double top on the 4HR chart - Below 21000 targets 20000 zone -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- Retailers have had a decent relief rally of late - Price is up against the down trendline - Possible scenario is it sells off from here or consolidates first then weakens - A close above R70 negates the view (rather use a wider stop loss + smaller position with this current volatility) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...

Trader-Dan

- MTN may look "cheap" but technically the head and shoulders target has still not been met - We could possibly see R23.50 in the coming months - There will likely be some good rallys in between -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:MTN

Trader-Dan

- Lots of stocks on the US markets are showing a bullish reversal from the recent major down days - The trade has a great risk to reward and recently annouced US stimulus fuel a rally in stocks. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. AMEX:IWM

Trader-Dan

- As the rand weakens and gold price is increasing, this ETF has been a solid performer - Price has broken out of the diamond pattern and signals a continuation of the current up trend JSE:GLD -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price has broken down from a longterm trading range and share seems to be following the rest of the market now - Likely target of R175 zone -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.