runyamhere

runyamhere Updated 

Aspen is now in week 24 of a weekly cycle, this is a favourite spot to reach a top, we ended the week with a swing high confirmation. The next task is moving down and closing below the upslopping trendline. The red arrow shows the likely path the share is going to follow on the way down. The 200 week moving average will be a good place to look for a weekly low and...

runyamhere Updated 

Looking at USD, that is positively correlated to British American Tobacco, there is scope for price to move towards the wedge resistance. Since price is within timing for a weekly low we can expect such a move to close above the resistance line on a weekly basis. This idea should be read in conjunction with the USD trade idea here linked.

runyamhere Updated 

The DXY is showing signs of a strong reversal, zooming in we can see why, price has struck an energy point, 2 lines intersect to form support, aided by a median line of the Pitchfork. Double support is usually strong, triple much stronger. I would expect that the DXY is seeking a daily cycle low with a flag. I place lower probability for 11 October being a cycle low.

runyamhere Updated 

Discovery has a bullish flag going into earnings, it has also confirmed 8 September as a cycle low. We can expect swift move upwards as price chases a weekly cycle high. The support of the 200 day moving average adds to the weight of evidence that price wants higher. Con: The horizontal pink line is the fail point which is now R141.90, anything below this signals...

runyamhere Updated 

The DXY has had a very short weekly cycle, on the daily timeframe price has carved a rising wedge which we expect to resolve to the downside. Not far down is the 200 day moving average that can provide good support for the uptrend. The 50 day moving average is also turning upwards with higher probability that we will see a golden cross. That would mean a lot of...

runyamhere Updated 

The US100 index has hit the median line of a Pitchfork & showing weakness, it has taken a long time to reach this peak, looking at history it is likely to drop for 2 months towards 13,650. It so stretched that past 4 weeks price has been above the Keltner channel.

runyamhere

In this week we saw gold put in a stellar performance however the gold miners have weakened which would be quite frustrating for the gold bugs, but looking at the chart we see why, gold is overbought on the daily timeframe and due for a half cycle high. We can expect it to pullback from here, key would be that price is able to be supported by the 200DMA then...

runyamhere Updated 

MNP is within timing for a weekly low, looking at the weekly chart, it does not present with ideal oversold conditions. Price going below 20 March low lets us know that the weekly low price is not yet in, next point is for price to go above the blue resistance & close above the 10 day moving average on daily basis to know we are beginning a new daily cycle. The...

runyamhere Updated 

Growthpoint is showing 2 opposing scenarios, a bullish downward slopping parallel channel depicted by the pink lines and a bearish rising parallel channel depicted by the black lines. Price fell out of the rising parallel channel and is now backtesting it from below where it meets the 30 week moving average, if we convert the chart to a daily timeframe we see that...

runyamhere Updated 

Vodacom is seeking a weekly and yearly low price, good entry points around this zone, we are close to COVID lows. Price has found itself back in the channel that formed from April 2022 peak, currently at resistance of the channel. If we get a rejection we can expect price to attempt lower than R106.78, that would mean another lower risk entry, so it would make...

runyamhere Updated 

Investec price is caught in a rising wedge and the weekly cycle is nearing a timing band where we see a swing high. Once the swing high is set we can expect price to trend downwards and close below the support line. At that point we would be watching whether price goes below R94.12, this would mean a failed weekly cycle signalling price descends into a yearly...

runyamhere Updated 

Goldfields is in a time to have a daily high, we see here price being rejected at the 200 day moving average, we can expect a move downwards and lower than R213.76. Of interest is the area where 2 trendlines intersect, the retracement from there can be expected to be weaker with possibility of meeting 200 day moving average and horizontal blue resistance before...

runyamhere Updated 

MCG showing the battle being waged at the median line of a thin Pitchfork, still lean heavily on the idea that 5 July is potentially a Weekly/Yearly low point as we saw buyers step in around this level. The line that confirms a weekly low is the blue resistance & a close above the 10 week moving average. Should the share go lower than 5 July we would know that...

runyamhere Updated 

BTI has recovered the falling wedge support, now above the 200 week moving average as well. The convergence of the 200WMA & wedge support represents a strong support that should guide price upwards & confirm a weekly low price by closing above the pink resistance. On a daily timeframe we see price seeking a half cycle correction. Worth noting on daily time frame...

runyamhere Updated 

This is a monthly chart of SSW, we can see the channel within which price has been trending upwards. Within a falling wedge, price is now constricted where the green lines are converging. The pink support line is immediately below. Our eyes are on the swing low that will form in this range on a weekly basis for early birds, monthly swing low for less risk...

runyamhere

Impala platinum mines is hovering just above the COVID closing prices, indicators show that price is stretched to the downside while volume shows buyers stepping in around an area of value. The blue line represents the confirmation of a weekly cycle low when we close above it, the green line represents the yearly trendline when we close above it we have confirmed...

runyamhere

Anglo American is in pursuit of a yearly low, first we look for a swing low, then a close above the 10 period moving average. At a minimum the yearly low will see price breach the upper resistance of the Pitchfork. In terms of time, we are within a time after a long cycle from the COVID lows.

runyamhere Updated 

Nasdaq daily cycle is putting lower highs indicating that price is now moving towards a cycle low, any upwards momentum can be expected to be halted by the blue resistance line. We can also see the median line of the Pitchfork is now acting as resistance. Bulls would not want to see price trade below the green horizontal line as this would represent a cycle...