VillageTraderZA

VillageTraderZA

JSE:ARL The share has been trending down and the 200 week EMA seems to have held well as resistance. With a couple of fake breakout above the 200 week EMA. We have a bullish divergence with the price making lower lows but the MACD making higher lows. I will now wait for the break through the resistance level of R166 and close above R170 (3%) Potentially closing...

VillageTraderZA

JSE:MCG Multichoice is particularly interesting, because the share hasn’t been trading in the market for a long enough. After being spun out of Naspers. The share found an area of value in the R90-R80 previously after trending down. Before bouncing off to the R110 levels. Since its retesting this level for the first time. I’m looking for a breakout of the...

VillageTraderZA

JSE:TKG The share recently bounced off the R15 level, an area it last traded in 2014. It has since been making higher lows since. However, We have a Head and Shoulders pattern. In the direction of the trend. I’m looking to go short on the break of the diagonal neckline. Targeting the R15 Support level.

VillageTraderZA

JSE:SHP Shoprite price offering buyers a second bite of the cherry

VillageTraderZA

JSE:BID we have a giant bear flag on Bidcorp

VillageTraderZA

JSE:WHL A nice Bearish flag on Woolies on the weekly chart

VillageTraderZA

JSE:MNP A nice falling wedge on Mondi, giving us a nice Risk: Reward ration

VillageTraderZA

A nice Head and Shoulder Pattern on Exxaro

VillageTraderZA

JSE:HAR We have a bullish flag on Harmony

VillageTraderZA

JSE:CLS A huge H&S pattern, with some wind on the back Weekly chart trending very bullish. Trading as a continuation pattern

VillageTraderZA Updated 

JSE:SHP A bullish Divergence on the weekly chart If the this morning's gap holds a long entry above the high of the gapping candle targeting the R200-R240 levels.

VillageTraderZA

TVC:GOLD A nice Gold symmetrical triangle pattern, perhaps gold bulls are quite done yet. looking to target 2140 levels.

VillageTraderZA

JSE:DSY A nice triangle continuous pattern formed to target the R135 level.

VillageTraderZA

JSE:IMP A nice bullish flag, after the 50 day MA held on the share. Stop around the 149 level and targeting the 214 levels.

VillageTraderZA

JSE:DRD DRD Gold Gold stocks have been rallying alongside the gold. Most have subsequently consolidated. DRD Gold is no exception. We have a rectangle bullish flag on DRD. Its been consolidating for a couple of months now. I have my resistance level of the flag at R28.68. I’m looking for a 3% break and close (above 29.55) levels. Looking for a long trade...

VillageTraderZA

JSE:TBS We have a nice bearish triangle pattern. I’m waiting for the break to the downside on the continuation of the trend. I will enter on the break and close below the support of the triangle. My stop will be at around 190 levels, and my target is around 90 ( height of the triangle projected downwards.

VillageTraderZA

JSE:LHC A Head and Should on a down trend continuation.

VillageTraderZA

A nice Bearish Flag on the JSE:BTI Share