Stocks in play – 23 March 2021

Stocks in play – 23 May 2021

Absa (ABG)

Absa (ABG) – 23 ayM 2021
Time frame/ Date comment Chart
Weekly chart view

We have a nice cup and handle pattern on the stock. The stock holding above the 50w EMA.
Daily chart –
23 May 2021

The stock closed at R128.74. Triggering a buy with a stop loss at R122.50. This coincided with a symmetrical triangle breakout

Anheusergbusch

Anheusergbusch
Time frame/ Date
comment
Chart
Weekly chart view

We have a nice 64 week old. Ascending the triangle formation on the stock. The stock holding above the 50w EMA
Daily chart –
23 May 2021

The Stock found some resistance eat R1066.42. This is a 85 day high close. So I’ve lowered my entry level to a close above R1066.42. If we get a close above this price. I will buy the stock with a stop loss at R1018.80

Aspen (APN)

Aspen (APN)
Time frame/ Date comment Chart

Weekly chart view

The weekly chart of Aspen looks like there’s some accumulation on the stock. I’ve been building my position on Aspen for some time now. The stock is holding above the 50w EMA

Daily chart –

23 May 2021

The broke back below the lower box. Closing the week half way in the box. Waiting for a close above R167.86 as the stock moves back to a higher box. I’ll add to my position

Barloworld

Barloword (BAW)
Time frame/ Date comment Chart

Weekly chart view

Nice breakout on Barloworld making a new 52 week high. The stock has however Traded back below the neckline

Daily chart –

23 May 2021

The stock moved back to a lower box. I will add to the position and trail my stop to just below the 50d EMA on the close above R101.54

Bidcorp

Barloword (BAW)
Time frame/ Date comment Chart

Weekly chart view

We have a nice Ascending triangle pattern on the stock. And a weekly golden cross

Daily chart

There’s a higher older resistance level at R297.10. If we get a close above this level I will to add to the position

Bidvest

Bidvest (BVT)
Time frame/ Date comment Chart

Weekly chart view

We have a nice Cup and handle pattern on the weekly chart. The stock broke above the 50w and 200w EMA and held above them.

Daily chart

The stock moved back to a lower box. But held at the higher end of the lower box. If we get a close above R185.20 I will add to the position

Capitec Bank

Capitec Bank (CPI)
Time frame/ Date comment Chart
Weekly chart We have a nice giant Head and Shoulder pattern. The stock tested the 200w 50w EMAs

Daily chart

The stock moved to a higher box projected to be R1630 and 1765.

I will add to my position

Richemont

Richemont (CFR)
Time frame/ Date comment Chart
Weekly chart

Daily chart

The Gapped sharply and closed at R153.99. I will buy the stock market open Monday.

Clicks

Click (CLS)
Time frame/ Date comment Chart
Weekly chart The stock has been consolidating between R264 and R220 for some time. The stock has been making higher lows. Approaching the R264 resistance. Holding the 50w EMA

Daily chart

The stock found some resistance at R259.82. If the stock closes above this level i will add to my position

Coronation

Coronation (CML)
Time frame/ Date comment Chart
Weekly chart We have a nice Cup and handle pattern on the stock. A breakout through the neckline (R56) provides a nice entry with a stop just below the low of the handle, around R54

Daily chart

We have a nice Cup and handle pattern on the stock. A breakout through the neckline (R56) provides a nice entry with a stop just below the low of the handle, around R54

Dischem

Dischem (DCP)
Time frame/ Date comment Chart
Weekly chart The stock moved quite strong this past week. There’s some Resistance at the R27.80 level.

Daily chart

Moved the stop to R25.50 is more than 2XATR away from price. There’s a doji reversal candle. So I tightened my stop a lil bit.

If the stock closes above R27.80 I will to the position

Discovery

Discovery (DSY)
Time frame/ Date comment Chart
Weekly chart We had an inverse Head and Shoulders pattern Breakout. The Stock came back to test the neckline. It held and got a golden cross on the right shoulder

Daily chart

There’s some resistance at R156. If the stock closes above this level I will add to the position.

Distell

Distell (DGH)
Time frame/ Date comment Chart
Weekly chart

We have another resistance level at R171.

A close above this level is a good entry

Daily chart

We have a small doji candle which was invalidated with a close higher the next day. If we get a close above R171.10 I add to my position

Firstrand

Firstrand (FSR)
Time frame/ Date comment Chart
Weekly chart We have a nice cup and handle pattern on the weekly chart. The stock holding above the 50w EMA and the 200w EMA

Daily chart

If the stock closes above the R54.15 level I will add to the position and trail my stop to R51.75. The stock tested and help above the 50d & 200d EMA

Foschini

Foschini (TFG)
Time frame/ Date comment Chart
Weekly chart The stock has been moving strongly. Breaking through the 50w EMA. found some resistance forming the handle around R125

Daily chart

There’s a resistance level at R125.86. I will add to the position I will add to the position

Glencore

Glencore (GLN)
Time frame/ Date comment Chart
Weekly chart I got stopped on the trade. I will now wait for a close above the R63 level. or a reversal candle pattern to jump back in

Daily chart

I got stopped on the trade. I will now wait for a close above the R63 level. or a reversal candle pattern to jump back in

Growthpoint

Growthpoint (GRT)
Time frame/ Date comment Chart
Weekly chart We have a nice Head and Shoulders pattern. The stock holding above the 50w EMA

Daily chart

We have a Golden cross on the daily chart. If break through the bullish flag.I’m going to take the trade with a stop loss just be low the 200d & 50d EMAs around R13.70

Impala Platinum

Impala platinum (IMP)
Time frame/ Date comment Chart
Weekly chart The stock has been moving nicely moving to higher boxes. The stock started selling off, breaking back to a lower box. At that point I took profit. The stock seems to hold the R240 support of the lower box.

Daily chart

We had a nice doji candle at the R240 support. if we get a close above R248.50. I will jump back in the trade

Investec

Investec (INL)
Time frame/ Date comment Chart
Weekly chart Massive Round bottom Breakout. The stock broke the 200w EMA.

Daily chart

There’s a resistance at R56.70. If we get a close above this level I will add to the position

Kumba (KIO)

Kumba (KIO)
Time frame/ Date comment Chart
Weekly chart The stock broke back to a lower box. Seems to how at the higher end of the box

Daily chart

if the stocks break back to the higher box with a close above R688.10. I will enter the trade with a stop loss at R629.36

Life Health care

Life healthcare (LHC)
Time frame/ Date comment Chart
Weekly chart We have what was once a weekly support at R21.50. If we break through this level. It provides a good entry

Daily chart

If we get a close above R21.50. I will add to the position and trail my stop to R20.30

Netcare

Netcare
Time frame/ Date comment Chart

Weekly chart view

We have a nice cup and handle pattern on the stock. The stock holding above the 50w EMA.

Daily chart view

If we get a close above R15.43. I will take the trade with a stop loss at R14.40

Momentum metro

Momentum metro
Time frame/ Date comment Chart

Weekly chart view

The stock held the R20.75 resistance level. I’m waiting for a close above this level on the daily chart

Daily chart view

If the stock closes above R20.83. I will add to the position with a stop loss at R19.50

Mondi

Mondi (MNP)
Time frame/ Date comment Chart

Weekly chart view

We have a nice cup and handle pattern. With an ascending triangle pattern as the handle. nice Doji candle last week

Daily chart view

Looks like the up trend line support is holding. I’ve lowered my entry level to a close above R385.60 with a stop loss at R368.39

Mr Price.

There’s some resistance at R208.13 . A break above this level provides a good entry in the stock

Mr Price (MRP)
Time frame/ Date comment Chart

Weekly chart view

There’s some resistance at R208.13 . A break above this level provides a good entry in the stock

Daily chart view

If we get a close above R208.13 I add to the position .

MTN group

MTN group (MTN)
Time frame/ Date comment Chart

Weekly chart view

The stock has been moving nicely. Breaking through the 200w EMA. A break above R97 on the daily chart provides a good entry

Daily chart view

The stock has been consolidating. If the stock closes above R97.83 I will add to the position and trail my stop to R93

Multichoice

Multichoice (MCG)
Time frame/ Date comment Chart

Weekly chart view

We have a nice falling wedge on the stock. The stock held the 50w EMA. I’m looking for a daily chart close above R133

Daily chart view

The stock held the 200d EMA as support. If we get a close above R133 I will add to the position

Nedbank

Nedbank (NED)
Time frame/ Date comment Chart

Weekly chart view

Nice ascending triangle pattern. The stock crossed and held above the 50w EMA

Daily chart view

There’s some resistance on the stock at R150. If we get a close above R150

Nepirock

Nepirock
Time frame/ Date comment Chart

Weekly chart view

We have a Head and Shoulders pattern. The stock holding above the 50w EMA

Daily chart view

We had a golden cross on the stock. I’m waiting for a close above the R98.25 Neckline

Northam Platinum

Northam (NHM)
Time frame/ Date comment Chart

Weekly chart view

The stock has been moving well. breaking to a higher box. Sold off in the recent PGM sell off

Daily chart view

Have a double bottom on the stock. If the stock closes above R248.50 Which would be a close back above the 50d EMA. I will add to the position

Old Mutual

Old Mutual (OMU)
Time frame/ Date comment Chart

Weekly chart view

We have a Head and Shoulders pattern on the stock. With a the neckline R13.40

Daily chart view

The stock held both the 200d EMA and the 50d EMA. The stock the down trendline. I’m going to enter the trade market

Pepkor

Pepkor (PPH)
Time frame/ Date comment Chart

Weekly chart view

There’s some resistance at the R18.90 level. A break above this level is a good entry

Daily chart view

If we get a close above the R18.90. I will add to the position with a stop st R17.80

Pick n Pay

Pick n Pay (PIK)
Time frame/ Date comment Chart

Weekly chart view

We have nice Ascending triangle pattern. The stock holding above the 50w EMA.

Daily chart view

The stock is moving to a higher box

Quilter

Quilter (QLT)
Time frame/ Date comment Chart

Weekly chart view

We have nice ascending triangle pattern.

Daily chart view

Zooming into the daily chart. The stock tested the 200d EMA With a Kangaroo tail. The R31.90 Level previously provided some support and resistance. A decent entry with a R30 stop. The Closed at R31.95. I will enter to the trade market open.

If the stock break R33.15 resistance i will add to the position

Royal Bafokeng Platinum

Quilter (QLT)
Time frame/ Date comment Chart

Weekly chart view

We have a nice bullish flag. The stock seems to the stronger of its peers.

Daily chart view

Zooming into the daily chart. The stock came bitterly close from stoping me out on the 12th of May 2021 but held up. closing the day back above the 50d EMA. The stock is showing some strength while its peers in the platinum space are showing some weakness.

If we get a close above R118.25 I will add to the position

Rand merchant Investment holding

Rand Merchant Investment Holding (RMI)
Time frame/ Date comment Chart

Weekly chart view

We have an inverse head and shoulder pattern . The stock is holding the 50d EMA.

Daily chart view

Zooming into the daily chart. The stock saw a golden cross after the stock was testing the support. I’m now waiting for a close waiting for a close above the R33.50 neckline

Shoprite

Shoprite (SHP)
Time frame/ Date comment Chart

Weekly chart view

We a nice cup and handle pattern on the stock. The stock holding above the 50w EMA. The stock broke above the 200w EMA, but reverted back below it.

The stock back back and closed above the 200w EMA

Daily chart view

If the stock closes above R157 I will add to the position with a R149.50 stop

Telkom

Telkom (TKG)
Time frame/ Date comment Chart

Weekly chart view

We have a nice Cup and handle formation. The stock holding above the 50w EMA.

Daily chart view

The stock had a parabolic move last week. After results. And pulled back since. If the stock break back above R44 I add to the position

TIgerbrands

Tigerbrands (TBS)
Time frame/ Date comment Chart

Weekly chart view

We have a nice Cup and handle formation. The stock holding above the 50w EMA.

Daily chart view

The Stock closed at R219.05 on the 18th. I took the position.

Transaction Capital

Transaction Capital (TCP)
Time frame/ Date comment Chart

Weekly chart view

Looking at the longer term weekly box. We pretty close to breaking through the current one. The stock found some resistance at the R34 level

Daily chart view

The stocks has been consolidating. Seems to be a seller at the R34.40 level. If we get a close above R34.40. I’m going to add to my position

Truworths

Truworths (TRU)
Time frame/ Date comment Chart

Weekly chart view

Nice cup and handle pattern. With the stock breaking the neckline. and holding above the 50w EMA

Daily chart view

There’s a bit of resistance at R51.84. If we get a close above this level I will add to the position and trall my stop to R49.80

Woolworths

Woolworths (WHL)
Time frame/ Date comment Chart

Weekly chart view

The stoke broke a long term down trend-line and held above the 200w EMA

Daily chart view

There’s a bit of resistance at R54 level. As the stock came back to test the base of its new box.

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