VillageTraderZA

VillageTraderZA

The S&P brokeout from the downtrend resistance line and holding above the 200 day EMA. This could the turn. I still believe the low in this market is in. I see a nice 5.8 RIsk Reward play targeting the 4.7k target on the index.

VillageTraderZA

Nice Bullish engulfing as BHP retests the previous resistance. The level held for support Stock looking great for a run higher. Still carries the risk of retracing the 50 day EMA. As it has run quite a distance away from it

VillageTraderZA

MTN is looking like a stock that has completed its basing pattern and ready to blast off and run. However waiting would be important for a real breakout.

VillageTraderZA

We have a nice bullish divergence Pattern on the Sasol and a break back above a prior support level. The price breaking through the 50 day EMA. The oil price will have a say in this but the chart looks quite bullish

VillageTraderZA

Nice rebreak higher from DSY with a bullish engulfing. Providing a good 5 to risk reward targeting the 185 highs. With a stop loss below the 200 day EMA. Requires some patience on this trade

VillageTraderZA

The stock broke the downtrend resistance but remained a high risk as it was still completing its base patter Head and Shoulder or Cup and handle. Take you pick. The stock looking ready for a breakout. A great Risk: Reward trade

VillageTraderZA

Our market is off to the races. The top 40 had a beautiful breakout on Friday with a follow through today. Nice Ascending triangle breakout. with a target at 7650. I dont think the market will end there. I think the market will run even further

VillageTraderZA

Beautiful strong rising bottom breakout. The chart providing a nice tight stop with a 2.6 R:R opportunity

VillageTraderZA

The finance sector had good 2022 Capitec was amongst the laggered. Now seemingly finding some support 1816. Proving an interesting low risk long trade with a roughly 4% lower with a target at the prior highs. Some caution and risk management is required when trading on the laggered group

VillageTraderZA

Other finance stock has been slowing down. Investec has however broke out of its trading range. providing a good 3:1 risk reward opportunity. If the finance stocks start to run again Investec is likely to be the leader of the pack.

VillageTraderZA

Better late than never. Santa came in a late with the rally this year. Top40 looking well poised to take out the head on H&S completely invalidating the pattern. Putting risk fully on

VillageTraderZA

The H&S reversal pattern has been invalidated. Its risk on back for me. Looks like the bear market has come to an end at least in the short term. Better than expected inflation numbers from the US triggered a risk on trade

VillageTraderZA

It seems the line of least resistance is still point downward. The strongest group of stocks (financials) seems to be also giving grown and losing their will to rise. As the US S&P500 failed to break its 50 day EMA reversing with a bearish engulfing candle and shooting right through the 50 day EMA. Seems the US has sneezed. We normally catch a flu. rates still...

VillageTraderZA

Beautiful gap and drive breakout + a retest of the resistance line from the other side on STXFIN ETF signaling a strong run from the financial stocks. With a stop halfway through a the gap. with a target at the R18 high. provides a decent risk reward. I'm still bearish on the overall market and bullish on the finiancials

VillageTraderZA

Financials looking to lead the santa rally. generally rising interest rates are helo the banks. Nice strong breat to test the highs. Not heavily impressed with the R:R thoguh

VillageTraderZA

The top40 index rejecting the 50 day EMA. signaling it wants to go test the H&S neckline yet again. 200 week EMA holding quite strongly.

VillageTraderZA

Dangerous looking head and shoulders pattern on the weekly chart. Who's target. is around 41.2k mark. Given that interests rates are jogging along higher, recession etc. This bear might have some decent wind at its back. IF the bears can break below the 51.5 neckline on the weekly chart. The odds of the target rises Albeit it will bump into a bunch of dead cats...

VillageTraderZA

There's a worrisome bearish divergence on the weekly chart and a potential head and shoulders pattern on the daily chart with MTN. The neckline hovering over the 200 day EMA. If that fails to hold it would confirm the H&S pattern for a short with a target looming around the R120.