Wind at the back. There is a possible 6.8 Risk:Ratio setting up on Sappi’s monthly chart. The August candle is closing off with a bullish Engulfing candle engulfing July’s doji. As the stock holds an important long term support. With a long term stop loss of R36.30 and target of R100. Nice risk reward ratio …
Weekly Chart analysis A bullish divergence is when the price and the oscillator diverge. The price makes lower lows but the oscillator is making higher lows. Its a reversal pattern. When you find a reversal pattern on a time frame higher than the one you are trading, signal a stronger bias change. Daily Chart …
Bearish flag On 13 August 2020 we had a Doji/Kangaroo tail reversal candle on the signaling a potential reverse of the share price. This occurred at the 116 day highs but failed to reach and break through the highs we reached we saw back in February this year. Looking to short the share …
Implala Platinum Graveyard Doji/ Kangaroo tail reversal Read More »
Head & Shoulders We have a beautifully clear Head & Shoulders pattern on the Glencore share. H&S is one of the most reliable chart patterns. The pattern completed on the 20th August 2020, as the market closed through the neck line. Triggering a short trade. How I’m trading this At the market …
Head & Shoulders We have a Head and shoulders pattern on the Bidvest chart. Looking to long the stock the break of the neckline at around R144 with the stop just above the right shoulder. Target is the R159 (The height of the head) Perfect Trade Did I get the signal (Head …
Bearish flag Doji candlestick pattern is a reversal candlestick pattern and can be used as a continuous pattern as well. Usually occurs at the resistance levels on the chart. They also appear at the bottom of a pull back from a trend. It could show in one of these ways. Important to note, it’s not …
BHP Group Graveyard Doji/ Kangaroo tail reversal Read More »
Bearish flag A bearish flag is when a price is on a down trend then the price gets in a short term uptrend (pull back) in between trend lines (support and resistance). The price usual breaks out the range on the downside. We look to enter on the break of the flag. Placing the stop …
Weekly Chart analysis On the weekly chart the TFG price had a bullish divergence with the price making lower lows but the stochastic oscillator making higher lows. We also a had a MACD cross which is also a bullish signal. Daily Chart analysis Trade plan TriggerIf the price breaks through and closes above the resistance trend-line. I …