Trader-Dan

Trader-Dan

- The usdzar has hit shortterm target at R17.50 and will likely test the high (pinbar) from 2016 - R17.75 - The bigger monthly breakout targets R22.90 zone in the coming months -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Scary picture has developed on the monthly, massive double top targeting the R20 zone - Note there is still time left in this monthly candle / monthly 200ma is around R105 currently -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price is breaking down from with an head and shoulders target of around R10.50 - Note the retest of neckline failed -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Market has been hammered together with global indices and we are approaching the 200ma on the monthly which will be another level of interest. - We likely to stay volatile with moves up and down but momentum is still likely to push prices down JSE:J203 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- Price bounced off the 200ma is currently retestesting the neckline of a head & shoulders pattern - Target is R2030 - SL above R2535 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Gold has pulled back substantially , apparently as investors look for liquidity - It has come back to a an area of interest and oppurtunity to go long again with a SL below $1534 - Note the possible DBL top could play out but i'm more inclingd to think we push back up from here at least to test $1606 and which stage i would start tightening the SL

Trader-Dan Updated 

- Market tried to move upwards but lost momentum - DBL top has formed on 30min - Below (23640) we could see the trend continue to the downside with a measured move target of the double top (22250 zone) - A break above the double top will activate the long trade -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price has dropped below the kumo monthly support extending all the way back to 2008-2009 - Stochastic is still not overdone and the near dbl top targets the R35 area -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- The DOW bounced off its 200ma weekly moving average and has moved back into the kumo cloud . - Likely scenario will be a relief rally towards the open gap at 25200 and perhaps further if there is alot of short covering. - Stochastics on the weekly are not yet oversold so i would be cautious to be all in for the long side, market needs to digest all the...

Trader-Dan Updated 

- There is a measured move to R16.60 if we break above the high of R15.70 - Best to keep stops tight if it reverses back into the supply/demand area (purple rectangle) - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price has bounced off the 100ma as buyers stepped in to buy the oversold stock - Trend is still up in this defensive stock -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- After a heavy sell off as posted in the previous link below, there is early signs of breaking out of the recent downtrend. - Stock may consolidate first before breaking out - A close below R5378 would negate the idea - NB countertrend trade -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- Price broken below neckline - First target will be around R17.50 - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- An inverted HS is forming on the hourly with the neckline around R72 - A break above should send the price back above R75 -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:MEI

Trader-Dan

- After breaking out of a head and shoulders pattern, price has reached the bottom of the rising channel. - The 200ma is sitting just below. - I will be looking for a long entry around R66 - R67 level with a tight SL below

Trader-Dan

- Following up on the previous post, the 61.8 acted as a great support for a retrace on the DOW - The index is also coming off an oversold daily stochastic but its too early to tell if this will be the end of the correction here on the larger daily time frame. - - MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Major pullback happening on the world markets due to the #coronavirus - Price is approaching the 61.8 level that sits at 24700 area - It will be an area of interest that i will be watching - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price is moving below the 200ma - The wedge target of $8200 is likely to be hit soon