techpers

techpers Sep 2, 2022

Continuing my research for this coming Monday's report. This is a slide I'll be including: JSE Sectors Equally Weighted applied with a 2 Standard Deviation, 50-day Linear Regression Channel (will most likely add more metrics for context). Upper Range = Approaching ST Overbought/Expensive. Lower Range = Approaching ST Oversold/Value. 1st Panel. Top Left is...

techpers Aug 31, 2022

I'd should have bigger targets, right? That short from R600-R610 is now 35% in the money. Original idea attached.

techpers Aug 31, 2022

The short term downward trend off the prior downward trend line resistance is continuing with the index trading at a 1-month low. The current level is in line with the 50-61.8% Fibonacci retracement zone when measured from the 17 June low to 16 August high while also nearing the prior breakout level of 20 July. Note: The price remains below it's near term moving...

techpers Aug 31, 2022

The ETF has shifted below it's prior demand-supply zone with the price trending toward it's 50-61.8% Fibonacci retracement zone. The 61.8% is also just above the previous breakout level seen on 20 July. 7-day Regime = Very Weak, Approaching 'Near Oversold' 14-day Regime = Weak

techpers Aug 29, 2022

ANH potential price path with price down to support followed by a rally? Black candles are called 'ghost feed'. Some nifty tools which I haven't tested as yet. Interesting.

techpers Aug 28, 2022

JSE Top 40 Index - Seasonality Data For September (Over 20 Years) - Average % return is -0.96% - *Only* 7 out of 20 Septembers have delivered a positive return. - Largest gain: +9.77% (2005) - Largest decline: -14.91% (2008)

techpers Aug 27, 2022

Market Sentiment - Continues to decline from short term overbought levels.

techpers Aug 27, 2022

S&P 500 Index Future (ES1) | On Thursday 18/08 I discussed the index, highlighting the potential for downside. We have since seen the index lower by 221 points or -5.8% by Friday's close , with the price having been rejected at the declining trend line and continuing it's downside from an overbought range, as per the technical metrics at the time. The next key...

techpers Aug 27, 2022

S. Africa 10 Year Bond Yield (ZA10Y) | As noted in previous research, buyers of SA bonds have taken an interest around the 10.30 to 10.40% range since Q1 2022, with the same occurring during last week. Over the medium term, SA debt is trending lower (i.e. higher yields), with the 2 Std Dev, 200-day linear regression channel moving higher. At current levels, the...

techpers Aug 26, 2022

The price is holding up in volatile market conditions. Attempting to emerge from downward trending channel.

techpers Aug 23, 2022

S&P 500 Index Future - Continued aggressive selling following rejection at trend line resistance and declining 200-day moving average. - Back below prior breakout level. - The 1st potential ultra short term support is the rising 50-day exponential moving average (EMA) i.e. the blue dotted line. The EMA is currently around 4082 (will change as price action...

techpers Aug 22, 2022

BRENT CRUDE OIL: Technical Perspective. The short term trend will signal a change once the price tests and breaches the upper boundary of the declining channel (broken trend lines) combined with a strong candle structure. Note, the price has retraced towards it's 61.8% Fibonacci level which extends from the 02 December low to the 07 March high however has breached...

techpers Aug 18, 2022

EXX - Full Target Reached (R220) on the back of it's results. Original trade idea attached.

techpers Aug 17, 2022

The ETF has been trading in a multi-month consolidation with support between $17.60 and $18.25. One could argue that a topping structure is in play however a failure on these formations often create a buy/long opportunity . The share is trading just below its quarterly pivot, of which a print and close above would suggest further upside from the recent lows. The...

techpers Aug 16, 2022

Update: EXX - high of day of 21922c, a few cents shy of the 22000c target. So far +6% on the day. Original idea attached.

techpers Aug 16, 2022

Shoprite SHP (24082c) - short term traders, if you're holding. Technical Perspective: > Daily Candle structure bearish following strong run > Rejection at (exactly) the prior swing highs. > Rejection at parallel channel > The share was highlighted pre-market yesterday in the "strong but near overbought' scan. For more research, including trade ideas, get in touch today.

techpers Aug 14, 2022

An insight/chart which I will be publishing tomorrow as part of my research to clients. For more research, including trade ideas, get in touch today. Anglo American Plc (AGL) | Pending cup and handle technical formation. On Friday the share printed a bearish engulfing candle however, similar to the prior structure, we could see a retrace before potentially...

techpers Aug 14, 2022

S&P 500 Index Future | Strong momentum has continued with the index approaching trend line resistance which extends back to it's peak of 4808 reached on 04 January 2022. Note that provisional technical resistance between 4303 and 4325 while the current technical indicators for the daily and weekly suggest a near overbought and strong range respectively.