techpers

techpers

A chart from this morning's notes... 1. Strong support at mid-point of 50-61.8% Fib range 2. Multi-week rounding bottom formation ...bullish pivot (must remain above)... For more research, including trade ideas, get in touch today.

techpers

T-Mobile US - Potential Swing Long on clearance of declining trend line. Has been in a consolidation phase over the last 5 months and is nearing the lower boundary of the gradually upward trending channel. Potential Price Path on chart. For more research, including trading ideas, get in touch today.

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Components - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)

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Components: - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)

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A Strategy Screen identifies and highlights shares that may potential fit a certain trading setup (for example: 'buying at the rising 50-day EMA'). This screen is geared toward ultra short term/active traders. In addition, the instruments covered assumes no existing positions held by the trader i.e. the next best buying level or next best selling level. For more...

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Anglo American Plc: Here's How I’m Seeing It Extract from today's pre-market note: "....represents my perspective on the daily time frame while the chart that follows highlights the 3, 7 and 14-day RSI’s for the daily and weekly time frames....." For more research insights, including trading ideas, get in touch today.

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From this morning's research note to clients. SOL | Buy dips 278-280c. Note the 7-day RSI is 70 (‘Strong’ but nearing the ‘Approaching Overbought’ range. Could rally to 295 at which it could be in the ‘Approaching Overbought’ range. This is also in line with the downward trend line connecting the peaks from 14-October. 'This note is geared toward ultra short...

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A comment from this morning's note: JSE:AGL | Potential resistance at upper boundary of medium term channel. Note the recent candle wicks which is reflective of intraday selling. For more research insights, including trade ideas, get in touch today.

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A comment from this morning's note: JSE:FSR | An attempt to breach the trend line of which a strong candle structure could see the upper boundary of the channel being tested. For more research insights, including trade ideas, get in touch today.

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“It also appears to be a call on the US Dollar/Chinese Yuan to a certain degree with the optimism around China. See the J200 vs USDCNY (Inverse) chart below).” Related chart, published earlier attached.

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Comment on request. My response below... "On all metrics it look like one of the most overbought conditions (per the daily chart) in a decade. The usual stats apply (price at 2x mean, divergence etc), but what I've also noticed is the distance vs the 200-day SMA. The index is +15% above the SMA - the 2nd highest in a decade."

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Those (c) who participated in the previous buy/long idea where rewarded with the ETF reaching the target and a +24.5% ungeared return in just under 5 weeks. The underlying commodity has since declined significantly and, in my view, offers another opportunity to buy off ''near oversold' levels (via the UNG ETF which is available to trade and offers exposure). The...

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MTN Group (MTN) | Strong upside follow-through from prior bull-bear pivot at 12189c to test (flagged 19-December) to test a high of 13742 on Friday. SENS after market close with relating to Ghana tax issue could be the reason it will have to pull back from resistance. My price action data states ‘approaching overbought’.

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BHP Group (BHG) | Medium Term Near Overbought + Testing Prior Swing Highs | IN late October the idea was to buy BHG on a pullback to between 42200c and 42800c. The share retraced to test 42600c and has since seen a strong rally to test ATH’s on Friday. This is also the swing highs extending back to the peak of 01 April 2022 which may be encourage short term...

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US 10-Year Bond Yield | Chart #1 | The rejection of the re-test of the channel breakdown is seeing further downside follow-through. The yield is trading near the early-December lows of 3.4% of which a downside breach would create a further short term technical tailwind for bonds (i.e. yields down, bond prices up). US 10-Year Bond Yield | Chart #2 (not shown) |...

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One of the shares from today's report. Shoprite Holdings (SHP) | The 3-day RSI is at 89, suggesting the share is approaching an ultra short term overbought zone. Note the horizontal level on the daily chart highlighting the share approaching a prior supply zone.

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One of the shares from today's report. Sibanye Stillwater (SSW) | As discussed in Monday’s note, trading at the rising trend line resistance. The 3-day RSI is 92 while the share is extended well above it’s 8/21-EMA range. Also note the share trading at the upper boundary (2x) the 20-day linear regression channel.

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Copper Futures: Trading at a key Level. Trading at prior demand which may turn to supply. For more research insights, including trade ideas, get in touch today.