Resources Resources have been going higher even before the Russian invasion in Ukraine. In part because they were hard hit after the commodity boom leading to 2021. They’ve since found their respective bottom. The War has been just a catalyst and further pushed them even higher. With continued rising commodity prices. Miners will rise in …
MTN The MTN stock has had a strong run up post the COVID-19 crash in 2020. Smoothly making higher highs and higher lows. The MTN March 2020 lows can’t only be put on the heels of the COVID-19 crash. They had other issues they were battling with, particularly with the Nigerian government. That relationship seems …
The JSE has had a tough couple of weeks particularly in the PGMs and gold miners. Dragging the top 40 index along with it. The Chinese crackdown on big tech didn’t help the Naspers. Because of its exposure to Tencent. The top 40 index slipped to a new 2021 lows. Banks are looking quite strong, …
Absa (ABG) The stock broke out from the cup and handle pattern. It did come back in the last couple of weeks, but it held what was resistance as support. Ending the week slightly above the 200 week EMA. Zooming into the daily chart the stock the 50d EMA. If we can get …
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 …
As a swing trader the bigger picture is important to me. This is why I like looking at the bigger picture. Looking at the weekly chart. Here are some of the JSE listed stocks stocks I’m currently looking at Distell Position Average Entry: R75.50 Quantity: 4 Stop loss: R99.02 Risk: +R23.52 Current Risk ZAR: +R94.08 …
As a swing trader the bigger picture is important to me. This is why I like looking at the bigger picture. Looking at the weekly chart. Here are some of the JSE listed stocks stocks I’m currently looking at Kumba Position No position in the market The stock is looking good. I got stopped on …
Tigerbrands The stock broke through the 21600c resistance level. Now I’m waiting for the confirmation, a close above 22000c about 3% higher than the resistance. Taking into account the box theory the share is now moving into 22000c – 25100c box from the 19800c-21600c box. Multichoice group The stock looks quite strong at the moment. …
Capitec Bank Cup and handle/Bullish flag/Head & Shoulders The stock looked like it was breaking on Friday. However, closed back within the flag/Handle. A nice cup and handle formation on the chart at the moment, which is also a head and shoulders plus a bullish flag. That’s quite some wind behind this trade. A break …
Why I like moving averages In the market there’s only one truth and that is price. Everything else is just interpretation and/or derivative of price. Each layer of analysis and technical indicators we add to our decision mankind. Takes us further and further away from price. They’re a lot of technical indicators in the market, …