Weekly charts analysis 29 March 2021

Capitec

Account balance: R8013.80

Entry: R1480

Stop loss: R1234.59

Risk per share: -R245.50

Quantity: 1

Risk ZAR: -R245.50

Risk: -3.06%

P&L: -R92.38 (-1.15%)

Nice breakout from a bullish flag on Capitec. This is a trade I’m already in. I got in at 1480 when the stock looked like it was breaking the 1400 resistance. Though this is a nice spot for an entry, I already have a losing position on the stock. I’m waiting for a close entry point then I will risk depending add to the position

Coronation

Account balance:R8013.80

Entry: R50.97

Stop loss: R48.85

Risk per share: -R2.12

Quantity: R50.97

Risk ZAR: -R158.15

Risk: -1.97%

P&L: +R241.70 (+3.02%)

Nice break out on the share on Friday. As the stock broke out of the 4400c – 5200c box. I added to my position at the close on Friday. Pulling my stop to 4885c. Coronation looking quite nice. The stock 7.67% in the week

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Discovery

Account balance: R8013.80

Entry: R137.06

Stop loss: R123.60

Risk per share: -R13.46

Quantity: 12.1

Risk ZAR: -R162.87

Risk: -1.97%

P&L: -R0.73 (-0.01%)

There’s a bit of resistance on the stock around 14570c. Which happens to my last entry point. The stock tested the support of the 13400c – 15750c box. He the support quite well. If the stock close above the 14770 resistance I will add to the position and pull my stop to around 13000c

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Exxaro

No position

Recently got stopped out at 16593c on the trade. However, the stock bounce back quite strongly since. There’s a bit of resistance at the 17630c. I will reenter the trade again if the stock closes above the 17630c resistance level. Placing my stop loss around the 16370c level. Looking to then add to the position when the stock breaks into the 18300c – 16900c box.

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Impala

Account balance: R8013.80

Entry: R219.62

Stop loss: R232.02

Risk per share: +R12.40

Quantity: 16.4

Risk ZAR: +R203.36

Risk: +2.54%

P&L: +R913.64 (+11.4%)

Nice bullish engulfing on Impala. Looking good to invalidate the hammer reversal pattern. If the stock closes above 29138c this would be the highest close since 2008. Also invalidates the hammer. I will add to the position and pull my stop to around 24490c

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Kumba

No position

I recently got out the trade on LTD. The stock since looking to shake off that dividend-adjusted move. There’s a bit of resistance at 61520c, which incidentally the same level as the 50d EMA. If we get close above the 50d EMA I will reenter the trade, with a stop below the recent swing low around 54070c.

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Mondi

Account balance: R8013.80

Entry: R377.01

Stop loss: R366.80

Risk per share: -R10.21

Quantity: 15.8

Risk ZAR: -R161.32

Risk: -2.01%

P&L: +R263.86 (+3.29%)

Nice strong move on Mondi breaking the 38770c resistance with a strong bullish engulfing candle. I added to my position at the close on Friday. I will add gain if the stock enters the 40000c – 43879c.

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Mr. Price

Account balance: R8013.80

Entry: R182.83

Stop loss: R175.40

Risk per share: -R6.43

Quantity: 6.4

Risk ZAR: -R41.15

Risk: -0.51%

P&L: +R73.09 (+0.91%)

The stock is moving quite nicely. I was waiting for a close above 19360. We closed at 19425c on Friday. This is the highest close we’ve had since July 2019. I’m going to add to my position market open on Monday. Adding about 0.7% risk on the trade. Also pulling my stop loss to 17635c

MTN

No position.

MTN has been moving nicely recently breaking into higher boxes. Haven’t been interested much in MTN since the 30w EMA is still below the 60w EMA. These two have since closed up as the stocks move higher. I’m waiting for the stock to close above the 9230c. This would be the highest close since November 2019, moreover, the stock would close above the 200w EMA. Now that’s some decent wind at the back. I will put my stop well out of traffic at around 7120c.

Northam

Account balance: R8013.80

Entry: R223.55

Stop loss: R223.40

Risk per share: -R0.51

Quantity: 11.20

Risk ZAR: -R5.71

Risk: -0.07%

P&L: +R353.58 (+4.41%)

Northam moves back into the 24800c – 27700c box. I’m now waiting to get a close above 25820c which would be an all-time high close. I will then add a 2% risk to the trade. Looks like the stock strongly survived some selling pressure.

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Pepkor

Account balance: R8013.80

Entry: R15.58

Stop loss: R14.07

Risk per share: -R1.51

Quantity: 99

Risk ZAR: -R149.49

Risk: -1.87%

P&L: +R33.66 (+0.42%)

The stock has been looking good for a minute now. I’m waiting for a close above 1635c an all-time high close on the stock. At which point I will add to my position adding a further 2% risk on the trade. Pulling my stop to 1499c.

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Quilter

Account balance: R8013.80

Entry: R15.58

Stop loss: R14.07

Risk per share: -R1.51

Quantity: 99

Risk ZAR: -R149.49

Risk: -1.87%

P&L: +R33.66 (+0.42%)

Quilter has moved quite nicely setting up a nice ascending triangle pattern. I’m waiting for a 3% higher break as the stock moves to a higher box. At which point I will add to my position and trail my stop accordingly. I want a close above 3450c

Sappi

Account balance: R8013.80

Entry: R47.58

Stop loss: R39.72

Risk per share: -R7.86

Quantity: 16.20

Risk ZAR: -R127.33

Risk: -1.59%

P&L: +R33.66 (+0.2%)

Sappi has been looking quite nice. It tested the 50d EMA holding it quite nicely. Ending the week with a bullish engulfing candle. There’s a decent resistance level at around 4702c. Looking for a close above my last entry level at 4758c then I will add to the position

Lazy System

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STX40

No position

Village Trader Lazy System alert –

We have a buy trigger on STX40. Now we wait for the close above today’s close 6190c

Spy

We have a buy trigger on SPY.

Now we wait for the confirmation which is above $395.98

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Account Summary on 21 February 2021

Capital invested R9000

Current Balance: 8013.80 -10.96%

Current Equity (Balance including paper P&L): R11 069.43 +22.99%

Current P&L : R3055.63

 

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