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, …
Capitec bank Beautiful cup and handle on Capitec. If The stock break the 147852c even better if we can take out that high. I will potentially add into my position with a limit order a few points above the 152500c. Projecting the higher of the cup makes 216057c The break of the bull …
We seem to be in a bull market at the moment. Stocks are breaking higher. Top 40 looks bullish as well. Gold seems to be the lager at the moment but my bias at the moment is still bullish. Here’s some of the stocks I’ll be following closely this week. I’m ignoring short signals …
Village Trader trading system In this post, I will go into my trading system. I’m a trend trader so my system at its core is a trend-based system as will see below. This article focuses on the daily chart (because that’s what I trade). However, its principles could be applied to any time frame and …