techpers

techpers Sep 19, 2023

Published this morning on our client platform. For more research insights, including trade ideas, get in touch today. Tuesday 19-Sep-2023, 08h14 Nedbank (NED, 20107c). Technical views on both the short term and long term time frames. View #1 (Short Term): At yesterday's close of trade, the Tactical Trading Guide for the share stated the following for the SHORT...

techpers Sep 17, 2023

I published this on Friday afternoon, so there shouldn't be much change. Friday 15-Sep-2023, 15h46 JSE Sectors vs the broader market (using the JSE Top 40 Index as a proxy). This data can provide insight into relative sector positioning. For more research insights, including trade ideas, get in touch today.

techpers Sep 17, 2023

I don't care if you accuse me of 'highlighting a trade that worked' as I've always showcased my shortcomings or trades that have not worked out planned. I'll say it myself: I've had my eye on the ball, staying disciplined as always to find the opportunities that offer the best reward-to-risk . This has resulted in me being fortunate to see several names go my...

techpers Sep 13, 2023

My comment last night via my research note, Tuesday 12-Sep-2023, 20h59 Brent Crude Oil. We have seen a significant move over the past 9 weeks, with Brent higher from $75 to $92. The short term trend is strong with the commodity recently having cleared resistance of a 9-month base. While the trend is up, traders should are alerted to the momentum indicators which...

techpers Sep 12, 2023

The JSE Life Assurance Sector is approaching overbought levels relative to the JSE Top 40 Index. Considering the distance of the ratio chart vs the 200-day SMA, sector trades 13% above the moving average. This is the highest level since 2019 (as far the current data goes back). Why is this chart relevant? For traders who currently hold life insurers or are...

techpers Sep 8, 2023

A chart is preparation for today's research reports. For more research insights, including trade ideas, get in touch today. The share is down from my previous short/sell idea (published on this platform, see attached) at 1620-1635c to today's multi-month low of 1262c (-22%). Thursday 07-Sep-2023, 17h39 Netcare Ltd (NTC, 1300c). The selling has been relentless and...

techpers Sep 6, 2023

Shoprite (SHP) Further Update. I discussed the share on Monday as well as on Friday 25 August, with my comments centering around the fundamental valuation and technical positioning. I also published my view on this platform last week Monday 28 August (see attached post). At 23x earnings (p/e ratio) and a 9% increase in headline earnings per share, the mismatch of...

techpers Sep 5, 2023

Sanlam Ltd (SLM) | The share has advanced strongly, moving into an overbought range, with the 7-day RSI at Friday's close, the 14-day RSI at 71 and the 7 week RSI at 73 at last week's close. While the strength is evident, today's candle formation may have been an early sign of a loss of upside momentum, with the development of a 'dark cloud cover' as well as a...

techpers Aug 29, 2023

The following comment was included as part of today's research. For more research insights, including trade ideas, get in touch today. JSE Diversified Miners vs JSE Top 40 Index. The price action could improve before the news gets better. Last week we saw some resource shares stabilize (AGL and PGMs) which is in the midst of the ongoing Chinese economic...

techpers Aug 28, 2023

Shoprite Holdings (SHP). Fundamental Valuation: At 23x Earnings, It's Expensive, But Not Excessive. Considering the quality of the business/management and the fact that it's continuing the grow it's market share, the share deserves it's premium fundamental rating. That being said, the technical reward-to-risk has become less and less appealing for the short term...

techpers Aug 24, 2023

Gold - The short term target has been reached at $1921. The original idea is attached.

techpers Aug 22, 2023

Accumulate at current levels or better (lower). Key Drivers: Improving candle structure + emerging from downward trending channel + 14-day RSI at multi-month highs (trending up). Please note that the price could retrace slightly before continuing it's bullish reversal. Upon the share advancing, traders could consider the following: (1) bank/take profit as the...

techpers Aug 21, 2023

Originally published at 13h51. Gold. Has been trading in a clear and strong downward trend, with price continuing to make lower highs and lower lows. Here's what may be worth noting: The price has slipped below the prior swing low of 29 June, however, it is common the encounter a false breakdown following a strong downward trend. Also worth noting is the existence...

techpers Aug 17, 2023

A speculative short term, countertrend view. An opportunity to buy into a pair that is approaching oversold conditions may be opening up. The trend has been down with the sellers having acted aggressively on the back of macro drivers (i.e. China/commodities, bond yield differentials etc). At current levels, the pair is trading at the lower boundary of it's 50-day...

techpers Aug 14, 2023

Long Term, Momentum Factor Opportunity. There is potential for a further share price advance following the company recently exceeding Wall Street's estimates on a both a revenue and earnings per share basis as well as raising guidance. The strong results also raises the potential for analyst ratings revisions. From a technical standpoint, the share price rallied...

techpers Aug 13, 2023

AVI reached my previous buy/long target in a relatively short time frame (see original idea attached). My updated comment is as follows: "The previous bull flag formation has played out with the shares moving into an ultra short term overbought range. A medium term demand supply zone is recognized, with the share having been rejected at this level on Friday....

techpers Aug 13, 2023

Richemont (CFR, 280455c) | The share remains below it's declining 50-day EMA which supports a bearish medium term 'trading' bias. The share trades at the mean of it's downward trending 50-day linear regression trend channel which, on a standard deviation basis, is neither bullish or bearish while since since 20 July, the share has traded in a sideways...

techpers Aug 8, 2023

I've written about this name is recent weeks and it's one I'm looking going forward. For more research insights, including trade ideas, get in touch today.