Trader-Dan

Trader-Dan

When this range eventually breaks, it will make for an interesting rally. Until then its a game of ping pong trading the ups & downs.

Trader-Dan

The stock has found some bedrock it seems and is curling up through the 20ema R36.60-R40.60 remains a major support zone and while price holds, we could see a move back to the 200 dma

Trader-Dan

The bulls have managed to reclaim the 20ema and with coal prices stabilising the stock is presenting a favourable entry point . The first hurdle with be to get through the 50dma to target the dividend gap close at R187 (TP1) A daily close below R160 negates the idea .

Trader-Dan

Its been a busy June so far on the local front and we have seen a welcomed return of flows back into SA inc stocks. Pick n Pay has staged the best come back on the retailers with a whopping +25% in just 6 days of trading.

Trader-Dan

The stock has rallied well off the lows and is looking to go retest the R34.10 level at this rate R31.50 needs to hold on any possible major pullbacks ...

Trader-Dan

The stock has come back to breakout zone after rocketing towards the 200dma Its not looking bullish at all but will see how it reacts around these levels.

Trader-Dan

Following on from the previous post, the minor support at R19.80 did indeed hold for the ZAR and the rand has strengthened to below the R19.25 The next hurdle is the 20ema at R19.16 which could open a test of the channel lows around R18.95 I still expect a test of R18.60-70 at some point. Alternatively, if we score another "own goal" or the dolalr rallies,...

Trader-Dan

HSI is into an area of possible support 17600-118600 , minor support at 18000 Failure here will see the next level 165000 tested else we get a bounce to test the 20ema

Trader-Dan

Gold bulls made an attempt to capture the all-important $1980 zone but clearly failed and the symmetrical triangle pattern played out to the next level $1945. Price is now entering the possible ambush zone, yesterday's candle suggests further downside so i would only look at $1910 for a good long entry for a possible bounce.

Trader-Dan

The ZAR broke out of R19.50 and has reached next "minor" support at R19.80 ... The level corresponds with the measured target of the flag pattern breakout. A retest of the break level is likely to occur, but one cannot predict if it happens before the next level (R20) or after. (We can just follow the lower timeframes for direction).

Trader-Dan

The Dollar index has found support again as mentioned in the previous post and hit the yearly pivot at $104.22 Some consolidation or flagging expected in the next few days before the next leg unless something major comes out. Bulls will want to see $102.50 hold on any pullbacks with a potential bigger double bottom (off support zone) pattern that could play...

Trader-Dan

JSE-BAW has released interim results today and i have been reviewing the last 2 ideas on it. After the recent attempt to hit R110 it fell back into range and has pretty much been in a chop-fest of a consolidation.

Trader-Dan

As Famous Brands releases its results today i thought it would be fitting to have a look at the past ideas on it since the covid period.

Trader-Dan

PIK is almost back to the the gap created on the 22 October 2013 after favourable earnings were released.

Trader-Dan

REN did some decent volume yesterday and closed above the 20ema. Putting it on the watchlist to see how this chart pans out in the next few sessions. Hopefully can hold the breakout level. Divergence was also indicating a possible retrace on the MACD.

Trader-Dan

Copper is currently in a short-term downtrend and below the 200dma We in an area of interest but will need to see a positive reaction or bullish price action to look for a reversal.

Trader-Dan

This is one of the handful of stocks that is holding trend and above all the important moving averages on the JSE . Needs to break out of the flag pattern to ignite a new upward rally. Bulls are safe while the 20ema stays intact.

Trader-Dan

Richemont had a recent spike up after earnings and is now coming back to test the break and gap. Its currently just an observation and not a reason to short but to look for possible entries on a pullback.