Trader-Dan

Trader-Dan

Pick n Pay down a staggering 40% year to date. Spar the best of the bunch

Trader-Dan

If you've been wondering why the #ALSI has been trading like a yo-yo in the last few sessions, one needs to zoom out and get a better picture of what's happening. We currently range bound in a consolidation that dates back to mid-April giving many short-term opportunities for traders. The last few weeks we have printed several 'spinning top' candles indicating...

Trader-Dan

Watching this area on the HSI to see where we close.... A break here could open the gates to further downward pressure in the coming sessions.

Trader-Dan

The chart has not been looking very bullish and closed on its low yesterday. Price has retraced into an area of possible support. Swing low of R129 will need to hold on the daily otherwise a further down leg is likely.

Trader-Dan

Shoprite has been weighed down together with many other retailers due to the ongoing electricity load shedding. Price has returned to an area of previous support so will be important to see how it reacts in the R205-R210 zone. Dare i say it but there is an ominous head and shoulders pattern above ...

Trader-Dan

Following on from the long idea posted on the 23rd of March, PIK has pulled back after reaching a short term high of R45. The stock has also had a recent "upgrade" rating. R41.00 / R41.50 are good levels to reload or open a new position long . SL daily close below R40.50

Trader-Dan

- The USDZAR ended the month of April with an "inside" bar which means it stayed within the range of the previous month (March). - Inside bars normally depict a consolidation period before a new leg , be it to the upside in the case of continuation of trend or a reversal. - The FED meeting tonight is likely going to be the catalyst for the next move and breakout.

Trader-Dan

As mentioned in the post before, a cooling off period after the strong run up was to be expected. Price has pulled back to the 20 day moving average and bulls would ideally like to see the R39.60- R38.80 levels hold. Failure here will likely see R37.00 tested again . Stops can be placed under R37 to target the above resistance zone (R45) and possibly for a...

Trader-Dan

The stock is in a solid downtrend (-40% from beginning of 2022) and looks set to go lower looking at the daily chart R16.30 is the next big level. I will be watching closely to see if we get any setup that could trigger a possible reversal / relief rally .

Trader-Dan

Price has had a successful test of a trendline zone. Next hurdle zone remains R212-R217 but if cleared, we could see a move back to swing highs. Bulls in control while price remains above the rising 200dma. TP and SL on the chart.

Trader-Dan

The stock is in an uptrend and consolidating into a bullish flat top triangle pattern after a powerful run up . SL = R172.50 - R175 (Daily Close) TP1 = R195 , TP2 =R205 A breakdown of the setup would likely target R160

Trader-Dan

The SP bounced off the 50 dma , cleared the 20ema and is back at an area of interest. Lots of overhead resistance at 4185 but clearing that could open the gates to 4300 Its should be noted that the recent leg up as been on low volumes and we have May just around the corner .

Trader-Dan

One of the stronger names on our market currently which has been trending up since the consolidation breakout. Approaching now an open gap dating back to October 2019 It will be interesting to see how price action develops in this zone.

Trader-Dan

The HSI has pulled back into the previous month ambush zone. Bulls will likely try defending 19660 or risk a much deeper pull back.

Trader-Dan

After the last post where i cautioned being long on the stock, price pulled back and found support at the 200dma The stock has returned to the same resistance zone and i will be looking for shorts up to R146 with a stop above R148 swing high Initial target will be test of the 200dma again at R135

Trader-Dan

The stock is back in the red resistance zone and top of the channel. A loss of R1323 opens a deeper leg down to the 200dma.

Trader-Dan

Standard bank is having a pull back along with the other banks . Currently testing the 50dma . Loss of this level opens the next support zone of R160-163 where i will look for longs. Alternatively support is found here and we can regain R171.

Trader-Dan

Apple at a key level Does it breakout of fall back into the channel? Will be wating HKEX:171 -$172 for possible leg up else any bearish daily prints could signal a fade here.