Distell Trade Summary 11 April 2021 Average entry: 10612c Position size: 12.9 Stop loss: 10629c Risk: +219c Risk%: 0.03% Distell looked like it was breaking and closing on the higher box on Wednesday, but the closed back into the current box. Closing on Wednesday with a kangaroo tail, but was engulfed the next day so …
Weekly chart analysis 4 April 2021 Financials Our financials have been a the bottom of the “K” shape recovery. However the index (J212) is looking rather bullish breaking into higher boxes. Last week we had a nice doji candle as the 50w and 60w EMAs held as support. That was followed by a higher close. …
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 …
Firstrand Moves to a new box, but the 30w EMA is still below the 60w EMA. The two are quite close from crossing. ___________________________________________________ Tigerbrands The 30w EMA is now above the 60w EMA.. Still dancing in the R197 – R218. I’m placing a limit slightly above the. 220.42 multi week high at R220.50 with …
Tigerbrands (JSE:TBS) Breakout Tiger brand is looking good at the moment. Though the stock seems to be struggling breaking through the 21403c resistance level. A 3% close higher would confirm the trade at 22045c, only if the 30w EMA crosses the 60w EMA which is quite close. The preceding higher lows creates an ascending …
Capitec (JSE:CPI) We have nice cup and handle formation on Capitec. Seems like the selling pressure might be over. I’m already long CPI at R1480 with a stop below the handle at R1233..20 on the first break. The share since came back hasn’t taken out the previous low of the handle. Making a higher low, …