techpers

techpers

Yesterday pre-market, the data pointed to 'relative' outperformance of financials (banks/insurers). To see the full note, get in touch today. Apologies if the text on the chart is not clear enough (unfortunately, might be distorted after publishing).

techpers

Thungela Resources: Volatility Equals Opportunity. As mentioned on Thursday evening: "Tomorrow we may see a slight overshoot on the upside before the share retraces (short term view)." Further Update. On Friday, we saw the share trading higher (intraday high of 31604c) before retracing to close the week at 29844c (a -1760c or -5.5% intraday reversal from high to...

techpers

Retraced to find support at the 61.8% Fibonacci retracement zone + clearing upper boundary of short term channel + reclaiming near term moving averages + 14-day RSI just above the 50 level. Please note: Earnings on 11 November creates an 'event risk'. Preferred Entry: Currently ~18015c Stop-loss: 17350c Target: 20200c Initial recent long was below 15000c in...

techpers

On Tuesday, I highlighted support for the index between 56823 and 57482. Subsequently, the index continued to trend lower as anticipated while at yesterday’s lows, it found support in the middle of this range. With markets rallying off the low, the likelihood is that the Top 40 continues to make a bullish reversal off this level. For more research insights,...

techpers

This chart/share is a snippet of my research note for tomorrow. Potential igniting bar, with the share engulfing the prior 7 sessions. Note, the 21-day average volume is ABOVE the 63-day average volume. For more research insights, including trade ideas, get in touch today.

techpers

Sectors Relative To Top 40 - Snapshot. Time Frame: Short Term. For more research insights, including trade ideas, get in touch today.

techpers

Sectors Relative To Top 40 - Snapshot. Time Frame: Short Term. For more research insights, including trade ideas, get in touch today.

techpers

A slide from this morning's research note: Kumba Iron Ore (KIO) | On Wednesday, the data suggested an ultra short term overbought rating, with a subsequent unwind to close the session -4.40%. The 8-EMA has crossed above the 21-EMA (both of which are starting to rise). The share could re-test the 8 21-EMA range or slightly below it at the prior breakout level at...

techpers

One of the charts from this morning's research note: Accompanying comment: "Tested the 25 May swing lows at 19284c (closed off the lows of the day). Weak but near oversold in the ultra short term (7-day RSI = 14). Your pivot to buy is 19510c, meaning that we want to see strong bids around this zone as confirmation for a rebound trade." Further notes on chart

techpers

Potential setup depending on subsequent price action. See chart. Near oversold and trading more than 2x standard deviation over 200 days. Additional notes on chart.

techpers

Levels/thoughts via my ultra short term model. I think there's merit to having some type of automation. Why? (1) It removes human emotion and aligns with the tape and (2) it can save time. I run levels on a daily basis for the all the large cap names (can extended to mid cap) and offshore equities. For more research insights, including trade ideas, get in touch today.

techpers

Old Mutual OMU (currently ~961c). One of the names I'm looking at for next week. Potential buy/long. Looking for confirmation via candle strong structure. - price at lower boundary of downward trending channel. - at horizontal support extending back to March , September and November 2020 - potential breach of downward price slope structure as highlighted by...

techpers

JSE TOP 40 - WEEKLY CHART - Update - a view presented over the past few weeks (see attached) - line A_B was breached - prior demand/supply incoming. For more research, including trade ideas, get in touch today.

techpers

Tiger Brands - follow-up. Strong run since 07 June idea (see attached). Initially, looked for a pullback, followed by an upward swing. Yesterday, the trading statement saw an 'earnings surprise'. In addition, the share tested an 8-month absolute high and 10-month high relative to the JSE Top Index. For more, research insights, including trade ideas, get in touch today.

techpers

Market Sentiment Index: Short Term (20 Days) = Negative But Ultra Short Term It’s ‘Near Oversold’ The 20-Day Trend (2 Std Deviation Linear Regression Channel) = Down, But Nearing The Lower Boundary of the Channel. - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P...

techpers

In my research report for Monday 12 September, I highlighted the 61.8% Fibonacci retracement zone as a resistance level. Since then, the index is lower by over 6100 points or -9.7%. For more research insights, including trade ideas, get in touch today.

techpers

Omnia - Target Exceeded. Original idea attached. For more research, including trade ideas, get in touch today.

techpers

Applied with 2standard deviation, 20-day linear regression channel 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)