techpers

techpers

TKG: BEST PROBABILITY TECHNICAL BULL SCENARIO (YELLOW CANDLES): 1-2 more days of downside followed by a ‘piercing candle’. TKG: BEST PROBABILITY TECHNICAL BEAR SCENARIO (YELLOW CANDLES): Trades to the upside and finds resistance at the prior swing highs.

techpers

Harmony Gold (HAR): A massive run for gold shares over the 5 months however the long side reward-to-risk at current levels is not appealing. On Friday we saw the first real sign of selling. The bullish regime is in tact with the price still extended well above the 8-21 EMA. At first glance, the ‘next best’ demand range is at the rising 21-EMA (7611c). This level...

techpers

Bidvest Ltd (BVT): Two weeks ago I discussed the poor candle structure and a break below the 8/21-EMA range. The weakness has continued with the share looking tobreak below the range lows. Potential ultra short term demand is around the 24800c level while 24350c is ‘extended support’. Do also note the unfilled gap at 23404c.

techpers

The current price consolidation resembles the previous three formations which were a precursor to a price advance. In order for the index to confirm that a new short term bullish reversal has commenced, following is required: 1. Strong candle structure i.e. large green candles that produce a shift out of the consolidation zone. 2. A break above the current...

techpers

This idea was published on our client platform earlier this morning. For regular access to research insights, including trade ideas, get in touch today. Pre-Market Trading Plan. If you're a short term/active trader, this is how you could approach Glencore. The share has had a strong move off the lows of 9230c (16 March), testing a high of 11113c during...

techpers

Published earlier this morning on the client platform and included in yesterday's research note. JSE Top 40 Index - Update: Yesterday we saw a moderate rejection off the overhead/downward trending resistance zone. The index is likely to retrace further off this level. For more research insights, including trade ideas, get in touch today.

techpers

Iron Ore Futures (Weekly) - the 128 to 130 level once again acting as a supply zone. Note the prior long term demand supply zones.

techpers

Richards Bay Coal Futures - line chart extending back to 2007. Key levels to consider: 132 and then 109. Note the prior key demand supply zones.

techpers

Interesting expansion in volatility in recent months. The chart highlights some of the major instruments I monitor.

techpers

EXTRACT FROM LARGER COMMENTARY “....We know that the long term supply level has been around R250 to R290. These levels were also relevant in 2007 and in 2011 (no coincidence). At current levels, the share is potentially breaking down from a 2-year topping structure. While these levels may be widely know, it's the lower panel that has piqued my interest. Flipping...

techpers

BRITISH AMERICAN TOBCCO (BTI, 62568c) | In the short term, I’m seeing a megaphone formation and if it trades at support, it should likely be in a short term oversold range. In the words of Carter Worth: ‘Trend Line Touches, To The Penny!’. Provisional buy between 61300c - 61900c, with a target of 64000c - 64500

techpers

Published to our client platform pre-market. For more research insights, including trade ideas, get in touch with me today. Please Read The Full Note For Specific Detail: Speculative, high risk trading opportunity thus smaller positions may be applicable. Preferred Sell Above 24400c. Following it's strong, multi-week run, the price action and technical...

techpers

This idea was published on our client platform in the last 15-minutes. Buy at current levels (or better) for a short term rebound: Retailers have been sold off due to several factors, one being the costs associated with loadshedding (diesel spend). As we move to stage 1-2, sentiment appears to be recovering while the shares have potential developed a short term...

techpers

Sasol: R246 target hit during yesterday's session (traded as high as +249 today) Original idea attached. For more research insights, including trade ideas, get in touch today.

techpers

Extract from a note published earlier today. Over the years, I have done well to call the direction of Impala Platinum (IMP), most of which has been to help our clients and followers of my work identify key levels and understand the prevailing reward-to-risk. While I’ve also had several short term (CFD) trade ideas for our active traders, I will focus on the...

techpers

From a note, just published. Signals In November 2022 Suggested A 'Relative Underweight' In The Sector Back in November I presented my view on the JSE Resources sector relative to the JSE Top 40 Index, with the bottom line being that traders/investors might want to consider a potential “RELATIVE UNDERWEIGHT” position in the sector. We saw a minor ‘pop’ one week...

techpers

From a note that I wrote: If you would like to read the full note, you are more than welcome to reach out to me. At the top of this week I updated my short term view on GFI, highlighting the levels which I thought were important. The structure I saw was a megaphone technical formation where the upper boundary is potentially an ultra short term selling...

techpers

A technical update on the commodity. - Unwinding from an overbought position on it's weekly chart. This follows a 'doji' candle formation for LAST week. - This week we are seeing a further retracement at the previously identified supply zone. - The $113 to $115 level is a potential target range.