VillageTraderZA

VillageTraderZA

The Rand has been range bound against the USD dollar Between the R18 – R17.90 support zone and R19.30 – 19.60 resistance zone. In the last couple weeks, the Rand printed two inverse hammer candles. Those inverse hammer candle to me signal that the Rand buying that brought the price back to the R18-R17.90 support zone. Is slowing down and losing some...

VillageTraderZA

Not quite convinced about higher Gold prices as yet. Gold struggled to break the $2073 resistances since touching in Covid days. Given the situation in Gaza seemed contained there isn't enough uncertinty to look for "safe haven" assets. Furthermore the given Rates are more like to come down than rally further triggering for a risk on trade. Gold doesn't seem...

VillageTraderZA

When a chart pattern fails, that's more important than the chart pattern itself. MTN fails failed to hold up the second wave. The Stock is likely to fall further to around the RR71.50 levels. Stop loss around R125

VillageTraderZA

I exited the trade before the stop loss was hit because the market looked and felt quite different. The impact the of the downgrade seems to be aving more effect than I had initially thought. The index was yet to get to the 50 day ema. but on its way there. After having broken a broken a support level. However I still think the line of least resistance is still...

VillageTraderZA

Nice breakout into the higher range of R68 – R76 from R59.50 – R68 The stock had previously attempted to break higher but that proved to be a false break. A new relative high provides a good 2.3 Risk: Reward ratio for the R76.67 target with a stop loss at R66.90

VillageTraderZA

Shoprite is head and shoulder the Greatest retailer in the content. But never let that make you ignore bearish signals. Things that go lower can go even lower. Its not a question of cheap or expensive

VillageTraderZA

As traders and investors we like to ignore what we see and later say we couldn't have foreseen what happened. But you could there are always red flags

VillageTraderZA

OH oh is prolly the best description of this break lower. THe miners seem to be having a tough time at it. THe market is selling them lower

VillageTraderZA

Massive bullish engulfing candle. Bulls fighting back to break the R12 resistance. Golden Cross looking on the cards. lets wait and see. but R17 is possibility

VillageTraderZA

Nice Cup and Handle/ Ascending Triangle pattern for on SBK. This one requires a bit of patience as it the C&H could morph into an ascending triangle pattern. Offerting an even tighter stop and a better R;R ratio. Pending a break above R182 for a 199.50 short term target. Its good trend continuation setup developing

VillageTraderZA

Buyers seem to hold the support of the uptresnd support. TO make a higher low. With a Doji close yesterday. The stochastic indicates the stock is over sold. Plus we had a tiny bullish diververce. Indicating that perhaps the low of the move is in. My short term target is R235

VillageTraderZA

Naspers has a nice clean looking ascending triangle pattern setting up. For a trend continuation. WIth a R3823 short term target. I think the trend has more legs in its spring those.

VillageTraderZA

MTN is looking like its breaking out of its base. After breaking and retesting the 200 day EMA. This MTN chart looks rather bullish. Its looking well poised from to return to the R200 highs.

VillageTraderZA

Nice break out on indi providing a 2R. WIth a R110 target and a R101 stop loss. The ETF has been trending nicely higher and higher.

VillageTraderZA

Nice breakout from a long base on Coronation. The stock has been down along with the general market for a why. With the general market turning bullish both JSE and US asset managers should do quite well. Thus adding some with at the back for nice 5+ R:R

VillageTraderZA

Banks are seeming on a good run. Standard Bank had been amongst the leaders of the market. Trend continuation breakout on the share. I have no target in mind but a R170 stop loss is a really good one.

VillageTraderZA

Nice round bottom break out on Nedbank. with R251 target and a 223 stop providing a 2:1 R:R ratio. Bank seem to be having a good day

VillageTraderZA

The stock has been holding support on the 50 day EMA. Continuation of the trade we low on this The breakout provides a nice 3:1 R:R to a R232 target with R169 stop loss