siya_south

siya_south

Im looking to take a long position on afrimat, a bullish flag has been broken, additionally by using fibonacci I can see a good risk reward trade

siya_south

Silver price could continue to rise if we can have a bullish close above the bull flag. I have marked my potential tp1 and tp2 by using fibonacci

siya_south

I will wait for a pullback towards the broken resistance and allow the market to test and turn resistance into support and the go long

siya_south

we can see a terrible head and shoulder pattern on PIK , The next support level I am focusing on is at R25

siya_south

what we can see SHP is testing a trendling which was previous resistance which could now act as support. For entry i would wait for bullish confirmation on the daily close or wait for a weekly close above the support

siya_south

We can see SSW approaching an up trendline that has supported the market multiple times in the past. For entry I will wait for the market to test the trendling and close above it, I will wait for bullish confirmation pattern to enter

siya_south

with the latest commodity bull market, copper prices soared the last few days after consolidating since may 21. the breakout of this bullish triangle signifies more bullish pressure coming in the next few weeks. As traders our job is to buy low in the BUY ZONE..so we have to allow the market to pullback and test the backside of the broken trendline then we can...

siya_south

In this chart we can see a significant up channel .. where bulls come in at the bottom of the channel and bears at the top of the channel .. Our job as traders is to buy low in the buy zone . so using the lower time frame we can look for bullish patterns to long positions

siya_south

What we can see on this chart is a bullish breakout of a triangle pattern by using fib, i measured a target of R75.43 . Stoploss leve will be below R62. 37

siya_south

I will look for buying evidence @ $54.76 if the market decides to pullback ...i will not chase high prices

siya_south Updated 

what we have on oil is a textbook example of a triangle breakout and retest in the daily chart...by using fibb i see a rally up to 74.50 which is the 1.618 level ...my entry rules is to use the 1h chart for structure

siya_south

This is by far the most interesting chart in the market right now ...the market initially broke out of a descending channel , shot out and lost momentum . it the decided to go back and test the backside of the broken resistance thus making it support. now a hammer formed on the weekly chart which suggests to me further bullish momentum may be expected ...by using...

siya_south Updated 

we currently have an ascending channel pattern on corn futures .in order to trade this asset with low risk i will first wait for the daily close above resistance 2. wait for the price to pullback and test the backside of the broken resistance thus making it support 3. move to a lower timeframe (1h) for entry

siya_south

bullish channel breakout and retest ..

siya_south

Afrimat was able to break a significant resistance with good bullish force. In my personal opinion buying high prices is not a good idea even if one is only investing and not trading the stock, a good entry strategy is to allow the market to confirm that broken resistance by turning it into support , then i would pick up some shares

siya_south

bullish channel breakout. i will look to buy dips in the 1h chart

siya_south

For the investors interested in vukile , a cup and handle formation is setting up on this stock. A bullish breakout and close above the R9.50 zone would be a great signal for buyers to come in. we have to allow the market to turn the R9.50 resistance into support for confirmation

siya_south Updated 

the market is in a beautiful ascending channel, we also have a few hammers on the support level... some investor may want to pick up some shares here