techpers
Kumba Iron Ore (KIO, 46032c) | WEEKLY CHART | Two patterns to note: (1) A multi-year megaphone formation and (2) a potential bear flag structure. We COULD attempt to rally in the short term however a breach of the incline support may trigger a continuation to the downside opening up a medium term continuation short/sell opportunity. Last Idea: Short at R605 (07 June 2022)
Reinet Investments (RNI, last close 41814c) may be approaching a medium term overbought range. Here are 3 items to note: Weekly chart shows price nearing upper boundary of channel (potential) resistance. A 7-week RSI print above 85 is associated with 'high bullish momentum/approaching overbought' conditions. See lower panel on chart. Notice that the share is...
Richards Bay Coal Futures (Weekly Line Chart) - through the 132 level, targeting 109 next. For more research insights, get in touch today.
SHP - MACD x A chart I published a few weeks ago. Bearish MACD x on the monthly chart.
Demand-Supply Zones: NPN, FSR, MTN As per my report for Monday, 08 May. For more research insights, get in touch today.
Daily Levels: SPX Futures / ES1 Subject to change based on price action (updated daily).
Daily Levels: NPN, FSR, MTN Subject to change based on price action (updated daily).
An extract from tomorrow's report. NETCARE LTD (NTC, 1597c) | WEEKLY CHART SUGGESTS LONG TERM BREAKOUT BUT SHORT TERM ‘APPROACHING OVERBOUGHT’ OPENS POTENTIAL COUNTERTREND SELL TRADE The 7-day RSI is a staple in my search for short term trading opportunities. Prints above the 80/85 level suggest the share is strong but approaching an overbought range. A...
S&P 500 Index Future - Key levels The 4091 level is my bull-bear pivot. If it fails to hold this level on an intraday basis, then the index is likely to encounter further weakness.
BID Distance vs 200-week SMA Part of a note I sent to a client. Just testing overbought from another angle.
Best Probability Demand-Supply Zones: SBK, WHL, SLM From my research notes today. For access to frequent insights, get in touch today.
Best Probability Demand-Supply Zones: AGL, SSW, SOL Derived from my daily technical data sheet which highlights various data points. For more insights, get in touch today.
Today's Key Markets: Ratings This screen gives us a flash view of the major markets.