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TRU - Full Short Target Reached Yesterday my full short target of 7011c was exceeded. For more research insights, including trade ideas, get in touch today.

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An extract from today's research. For more research insights, including trade ideas, get in touch today. Over a 2-day period, the share has shifted one level lower, from high bullish momentum to strong. This possibly reflects a slowdown in upward momentum. Also over a 3-day period, sellers have controlled the range between 4685c and 4937c. It's possible that the...

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JSE Technical Ratings (Short term) Data as at Friday's close and is an extract from today's research, published pre-market. For more research insights, including trade ideas, get in touch today.

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JSE Relative Sector Ratings Data as at Friday's close and is an extract from today's research, published pre-market. For more research insights, including trade ideas, get in touch today.

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An extract from this morning's research. Wednesday 11-October-2023, 06h30 JSE Gold Miners. In the short term, the rally has been sharp. The SHORT TERM readings from the Tactical Trading Guide for Goldfields (GFI) and Harmony Gold (HAR) states the following: "General Trend Up However, Look For Failure To Hold Prior Session/Range Highs To Initiate 1-2 Day Short...

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The original idea was also published on this platform in real-time (see attached). As a side note, I published this idea last week Monday, so it was interesting to see Michael Mark (CEO) and a number of other executives having sold on Tuesday (SENS released on Thursday). The CEO selling over R36m worth of shares! The following is my comment on our client group in...

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JSE Relative Sector Ratings (vs Top 40) as at Friday's close. The ratings are subject to change. For more research insights, including trade ideas, get in touch today.

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An extract from my research for tomorrow (Monday, 09 October 2023) Shoprite, Breaking Down Relative To The Broader Market (JSE Top 40 Index as a proxy). The upward trend extending back to the low of 22 May is being breached. On this platform (see attached, 28 August at R262) I previously published my view on SHP, highlighting the potential resistance at the...

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Short Term Technical Ratings as at yesterday's close. Produced Daily. For more research insights, including trade ideas, get in touch today.

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Short to medium term trading opportunity with a higher-than-average risk. While high bullish momentum has been in place, certain factors point to the share trading in an overbought range i.e. (1) the share is 25% above it's 200-day moving average (2) relative to the Top 40 Index, the share is trading at 34% above it's 40-week moving average (3) The 7 and 14-week...

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Update: Sanlam - Bank/Take Profit on Sell/Short Idea (Original Idea Attached) The share is at a 1-month low and is in the money by 4.2% (ungeared) . It is also nearing the full target of 6442c. Alternatively, traders can: 1) Adjust their stop-loss 2) Scale out of the position as it approaches the full target. The chart is 'current'.

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The updated comment is in 'orange' on the chart. JSE Coal Miners. Previously I highlighted buy ideas on both EXX at R145 (high of R185) and TGA at R134 (high of R170) while also discussing the equally-weighted relative chart versus the Top 40 Index. This is an updated chart of JSE Coal Miners Relative To JSE Top 40 Index which is a printing it's first test of...

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Average +5.73% | Median +6.89% Average Gain When Positive +9.23% Average Loss When Negative -4.75% Largest Quarterly Gain +16.67% (2003) Largest Quarterly Decline -10.59% (2008) For more research insights, including trade ideas, get in touch today.

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Update: JSE Top 40 Index. Yesterday morning the JSE Top 40 Index was down by 11% from my call at the beginning of the year when I presented a note called: "6 Factors Which Suggests An Attractive Reward-To-Risk For Sellers" (24 January, Published on 25 January on this platform) . The original idea is attached to this post. We saw the market peak three days...

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If you want it, I'll send you the original charts and comments from my model for the previous two long (buy) and short (sell) ideas. Quick Comment: At current levels, I think the share could be setting up for a buy/long as it trades into oversold conditions. Time Frame: Short Term Price at the time of writing: 11479c For more research insights, including...

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For more research insights, including trade ideas, get in touch today. In the upper panel is a ratio weekly chart of TRU vs the JSE Top 40 Index. In the lower panel is the distance of the ratio vs the 200-day/40-week simple moving average. When the ratio rises, it means that TRU is outperforming the market and when it declines, it means that TRU is...

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It's been 3 years since I wrote the original instructions for my trading guide and 2 years since we've been receiving the data at the end-of-day via email. In short, the data set consists of the top 70 to 80 shares on the JSE where each share is accompanied with a comment according to the 3 time frames: Short Term, Medium Term and Long Term. Hopefully, in the...

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Published this morning on our client platform. For more research insights, including trade ideas, get in touch today. Nedbank Group. View #2 (Long Term): Analyzing the weekly chart, I've noticed that the 14-week RSI is at a 3-year low. New highs on the RSI are bullish. New lows on the RSI are bearish. Know your time horizon.