Trend_Trader_JSE

Trend_Trader_JSE

Given the sector's weakness, it's no surprise that JSE:CPI chose the downside. The FX:USDZAR , US regional banks, load-shedding, political uncertainty (South Africa is a political stable country but we choose to entertain the politicised media), add whatever excuse you want but the banks are weak.

Trend_Trader_JSE

JSE:DSY is few Rands away, ~R7, to give all the YTD gains. Hectic, but did you see the JSE:SBK chart? JSE:STXFIN is also moving lower, at a quick pace. The sector is under pressure.

Trend_Trader_JSE

JSE:WHL just sliced below the distribution level. Most retailers are weak, technically, and nowhere near buy zones. Whatever they're citing as the cause of this, there's no justification for a long position.

Trend_Trader_JSE

JSE:PPH new 52-week low after slicing below the distribution level at R17-ish. Retailers can't seem to catch a break these days. Steinhoff or load shedding?

Trend_Trader_JSE

JSE:MTN at an area of value. Besides the potential support level, the stock has been trading "bearishly". Not expecting the support to hold, and that recent rally seems to have been a bearish flag. Technically, I wouldn't be surprised if JSE:MTN breaks below this level. But the market is full of surprises. No position.

Trend_Trader_JSE

I had previously anticipated that JSE:INP could break below the resistance level. The stock is moving in the opposite direction, invalidating the previous short idea. A long trade can be initiated here, although it would've been ideal to buy near the breakout level, targeting the recent highs.

Trend_Trader_JSE

JSE:CPI seems to have topped in April 2022 and has been moving downwards since then. The stock enjoyed support near R1600 twice, the recent rally came to a halt as the price reached the trend line. Also, JSE:CPI is trading below declining moving averages; waiting to see how long the R1600 - R1500 level is going to hold. Other banks are either declining or...

Trend_Trader_JSE

JSE:INP consolidating above a barely existing support level. The stock is trading below a (declining)150 dMA, the support level may not hold for that long. Based on this, JSE:INP is setting up for a short trade.

Trend_Trader_JSE

JSE:PPE just released unaudited results; the stock took a bit of (continuous) hammering. Previously, we anticipated R1.10 as the potential support level, the stock is currently trading at that level. Technically, it's a zone to pay attention to, in anticipation of a breakdown or for buyers to step up and push the price up. This week, it'll be a combination of the...

Trend_Trader_JSE

JSE:BHG failure to trade above R606, for now, and the potential lower high at R560 means that the stock is bearish for now. R520 potential support level can still save JSE:BHG , otherwise the stock will continue to trade lower. R520 is a level of interest for short/long.

Trend_Trader_JSE

This chart shows (my) JSE:TGA levels of interest, the price won't necessarily follow any of these anticipated moves. The stock has to remain above R154 otherwise R120 becomes a possibility. It's a question of where are there any buyers that are willing to buy the shares at these levels and push the price up. Currently, the stock is trading below declining MAs,...

Trend_Trader_JSE

JSE:PPH is barely hanging onto the potential support level, if it doesn't hold things can get worse for the stock. Other than that JSE:SNH is still catching strays.

Trend_Trader_JSE

JSE:BID consolidating near the recent all-time high. A close above R411 will be a breakout confirmation and will warrant a long position with a stop below the consolidation area, preferably no more than -10%.

Trend_Trader_JSE

Positive move on COINBASE:BTCUSD this week, on a short-term view, nice breakout. If you zoom out a bit you see potential overhead resistance. More buyers are needed to break above the resistance level. Laser eyes coming soon.

Trend_Trader_JSE

JSE:SRE Potential upward move. Relatively higher low and trading above key MAs, signs of potential change in trend. For confirmation, it may be worthwhile to wait for the price to cross above R19-ish (it's just a line on the chart, any price you fancy will work)

Trend_Trader_JSE

TVC:TNX 10 year-treasury note at an area of value. We probably need it lower for a bull market to play play out. At this moment it's bearish, and hope that it's moving in the right direction to allow for a roaring bull market.

Trend_Trader_JSE

NYSE:GIS pending new all-time high. Well diversified business, ticks a couple of fundamental analysis boxes. Price action, focus on that. Perhaps this time the upside move will pan out, it failed spectacularly the last time we spoke about the stock.

Trend_Trader_JSE

NASDAQ:META has had a great Q1 2023 performance, among the top 10 best performing stocks in the US. NASDAQ:META is now at a potential overhead resistance level, hopefully there are enough buyers, and reasons to buy, to push the share price further up. As with many other US companies, there are job cuts and other cost containment measure in the Zuckerberg...